Highland Financial Advisors LLC Raises Stock Holdings in Visa Inc. (NYSE:V)

Highland Financial Advisors LLC boosted its holdings in shares of Visa Inc. (NYSE:V) by 72.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,636 shares of the credit-card processor’s stock after purchasing an additional 687 shares during the quarter. Highland Financial Advisors LLC’s holdings in Visa were worth $517,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Peterson Financial Group Inc. acquired a new stake in Visa during the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Visa during the 4th quarter valued at approximately $26,000. Reston Wealth Management LLC bought a new position in Visa during the third quarter worth $31,000. POM Investment Strategies LLC boosted its holdings in Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 32 shares during the period. Finally, Modus Advisors LLC bought a new stake in Visa during the fourth quarter valued at $32,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on V shares. Barclays raised their price target on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. lifted their target price on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Piper Sandler reiterated an “overweight” rating and set a $383.00 price target (up from $368.00) on shares of Visa in a research report on Friday, January 31st. TD Cowen boosted their price objective on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Bank of America increased their target price on Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $354.73.

Insider Transactions at Visa

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares of the company’s stock, valued at $12,789,689.82. The trade was a 47.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,056 shares of company stock valued at $19,830,050 in the last three months. 0.13% of the stock is currently owned by corporate insiders.

Visa Trading Down 0.5 %

Shares of V stock opened at $353.73 on Tuesday. The stock has a 50-day simple moving average of $325.14 and a 200 day simple moving average of $299.42. The stock has a market capitalization of $657.15 billion, a P/E ratio of 35.66, a P/E/G ratio of 2.32 and a beta of 0.97. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $356.08. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, sell-side analysts expect that Visa Inc. will post 11.27 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. Visa’s dividend payout ratio is currently 23.79%.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.