Connors Investor Services Inc. Buys 3,572 Shares of Visa Inc. $V

Connors Investor Services Inc. grew its stake in shares of Visa Inc. (NYSE:VFree Report) by 8.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,935 shares of the credit-card processor’s stock after purchasing an additional 3,572 shares during the quarter. Connors Investor Services Inc.’s holdings in Visa were worth $16,023,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in V. Parvin Asset Management LLC grew its position in shares of Visa by 200.0% in the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock valued at $26,000 after acquiring an additional 50 shares during the period. Sagard Holdings Management Inc. acquired a new position in shares of Visa during the 2nd quarter worth about $31,000. Bare Financial Services Inc raised its holdings in shares of Visa by 287.0% in the 2nd quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock valued at $32,000 after purchasing an additional 66 shares during the period. Imprint Wealth LLC bought a new stake in shares of Visa in the 3rd quarter valued at about $39,000. Finally, Winnow Wealth LLC acquired a new stake in Visa in the 2nd quarter valued at about $40,000. Institutional investors own 82.15% of the company’s stock.

Key Visa News

Here are the key news stories impacting Visa this week:

Wall Street Analyst Weigh In

A number of equities analysts recently commented on V shares. Piper Sandler set a $160.00 price target on Visa in a report on Wednesday, January 28th. Daiwa Securities Group upgraded Visa from a “neutral” rating to an “outperform” rating and set a $370.00 price objective on the stock in a research note on Monday, February 2nd. Truist Financial set a $372.00 price objective on Visa in a research report on Tuesday, February 10th. Rothschild & Co Redburn set a $385.00 target price on Visa in a research note on Wednesday, January 28th. Finally, Macquarie Infrastructure reissued an “outperform” rating and set a $410.00 target price on shares of Visa in a report on Friday, January 30th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Visa currently has an average rating of “Buy” and an average target price of $392.65.

View Our Latest Stock Report on V

Visa Trading Down 3.0%

Shares of NYSE:V opened at $299.09 on Thursday. The company has a market capitalization of $542.90 billion, a P/E ratio of 28.06, a P/E/G ratio of 1.77 and a beta of 0.78. Visa Inc. has a 1 year low of $298.50 and a 1 year high of $375.51. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.11. The business’s 50 day simple moving average is $322.51 and its 200 day simple moving average is $335.07.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, beating the consensus estimate of $3.14 by $0.03. The firm had revenue of $10.90 billion during the quarter, compared to analysts’ expectations of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.The company’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.75 EPS. On average, research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 10th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, February 10th. Visa’s payout ratio is 25.14%.

Insider Transactions at Visa

In other Visa news, Director Lloyd Carney sold 650 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total value of $201,253.00. Following the transaction, the director directly owned 2,679 shares of the company’s stock, valued at $829,471.98. This trade represents a 19.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the completion of the transaction, the chief executive officer owned 9,401 shares of the company’s stock, valued at $3,282,641.18. The trade was a 52.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.12% of the stock is owned by insiders.

Visa Company Profile

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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