Robbins Farley Acquires 446 Shares of Visa Inc. (NYSE:V)

Robbins Farley raised its stake in shares of Visa Inc. (NYSE:V) by 2.9% during the 4th quarter, Holdings Channel reports. The fund owned 15,567 shares of the credit-card processor’s stock after purchasing an additional 446 shares during the period. Visa comprises approximately 2.3% of Robbins Farley’s holdings, making the stock its 16th largest position. Robbins Farley’s holdings in Visa were worth $4,920,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Commonwealth Financial Services LLC lifted its position in shares of Visa by 16.7% during the fourth quarter. Commonwealth Financial Services LLC now owns 2,753 shares of the credit-card processor’s stock valued at $870,000 after buying an additional 394 shares during the last quarter. Rockline Wealth Management LLC raised its stake in shares of Visa by 5.8% during the 4th quarter. Rockline Wealth Management LLC now owns 24,927 shares of the credit-card processor’s stock worth $7,878,000 after acquiring an additional 1,364 shares in the last quarter. Tempus Wealth Planning LLC lifted its position in Visa by 7.5% during the fourth quarter. Tempus Wealth Planning LLC now owns 3,804 shares of the credit-card processor’s stock valued at $1,202,000 after acquiring an additional 266 shares during the last quarter. Flavin Financial Services Inc. acquired a new stake in Visa in the fourth quarter valued at approximately $2,262,000. Finally, Calamos Wealth Management LLC grew its holdings in Visa by 0.6% in the fourth quarter. Calamos Wealth Management LLC now owns 77,443 shares of the credit-card processor’s stock worth $24,475,000 after purchasing an additional 435 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Piper Sandler reiterated an “overweight” rating and issued a $383.00 price target (up from $368.00) on shares of Visa in a research note on Friday, January 31st. Keefe, Bruyette & Woods increased their price objective on shares of Visa from $360.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Morgan Stanley boosted their target price on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Macquarie boosted their price objective on shares of Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $354.73.

Visa Stock Performance

Shares of V stock opened at $347.28 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $351.25. The business’s 50 day moving average is $319.76 and its two-hundred day moving average is $294.76. The company has a market capitalization of $646.94 billion, a P/E ratio of 35.01, a P/E/G ratio of 2.30 and a beta of 0.97.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Analysts expect that Visa Inc. will post 11.2 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. Visa’s dividend payout ratio is currently 23.79%.

Insider Transactions at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the sale, the general counsel now owns 11,925 shares of the company’s stock, valued at $4,054,500. This represents a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $2,930,800.00. The disclosure for this sale can be found here. Insiders sold 21,983 shares of company stock valued at $7,213,146 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

About Visa

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.