Applied Capital LLC FL Buys 78 Shares of Visa Inc. (NYSE:V)

Applied Capital LLC FL boosted its holdings in Visa Inc. (NYSE:V) by 0.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,442 shares of the credit-card processor’s stock after purchasing an additional 78 shares during the quarter. Visa comprises 2.1% of Applied Capital LLC FL’s holdings, making the stock its 13th largest holding. Applied Capital LLC FL’s holdings in Visa were worth $2,635,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Westend Capital Management LLC bought a new stake in Visa in the first quarter worth approximately $25,000. Livelsberger Financial Advisory acquired a new stake in Visa in the fourth quarter valued at approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in Visa in the fourth quarter valued at approximately $32,000. Frank Rimerman Advisors LLC acquired a new stake in Visa in the fourth quarter valued at approximately $33,000. Finally, Valued Wealth Advisors LLC acquired a new stake in Visa in the fourth quarter valued at approximately $37,000. 82.15% of the stock is currently owned by institutional investors.

Visa Trading Up 0.9 %

V stock traded up $2.49 during trading on Tuesday, hitting $265.73. 3,591,071 shares of the company traded hands, compared to its average volume of 6,793,021. The firm has a market capitalization of $486.00 billion, a PE ratio of 29.55, a P/E/G ratio of 1.80 and a beta of 0.95. Visa Inc. has a 1 year low of $227.68 and a 1 year high of $290.96. The company has a 50-day moving average of $273.88 and a 200-day moving average of $273.58. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.08. The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. Visa’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.09 EPS. Analysts predict that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Thursday, May 16th. Visa’s payout ratio is 23.24%.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on V shares. Citigroup lifted their target price on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Evercore ISI cut their target price on Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. UBS Group boosted their price objective on Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. William Blair reissued an “outperform” rating on shares of Visa in a research report on Wednesday, April 24th. Finally, Wells Fargo & Company boosted their price objective on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Five research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and a consensus price target of $303.56.

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.