Physicians Financial Services Inc. Acquires 410 Shares of Visa Inc. (NYSE:V)

Physicians Financial Services Inc. raised its stake in shares of Visa Inc. (NYSE:V) by 2.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 18,113 shares of the credit-card processor’s stock after acquiring an additional 410 shares during the period. Visa makes up approximately 1.5% of Physicians Financial Services Inc.’s holdings, making the stock its 16th biggest position. Physicians Financial Services Inc.’s holdings in Visa were worth $4,980,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. WFA Asset Management Corp increased its position in Visa by 4.6% during the first quarter. WFA Asset Management Corp now owns 2,263 shares of the credit-card processor’s stock valued at $632,000 after acquiring an additional 100 shares during the last quarter. China Universal Asset Management Co. Ltd. grew its stake in shares of Visa by 46.9% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 50,328 shares of the credit-card processor’s stock valued at $14,046,000 after purchasing an additional 16,078 shares during the period. Empowered Funds LLC increased its position in shares of Visa by 16.0% during the 1st quarter. Empowered Funds LLC now owns 58,506 shares of the credit-card processor’s stock valued at $16,328,000 after purchasing an additional 8,086 shares during the last quarter. Roof Eidam Maycock Peralta LLC lifted its stake in shares of Visa by 3.2% in the 1st quarter. Roof Eidam Maycock Peralta LLC now owns 9,731 shares of the credit-card processor’s stock worth $2,716,000 after purchasing an additional 298 shares during the period. Finally, Hilltop National Bank purchased a new position in shares of Visa in the first quarter worth approximately $1,212,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the transaction, the chief executive officer now directly owns 538 shares in the company, valued at approximately $148,687.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.19% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on V shares. William Blair raised Visa to a “strong-buy” rating in a report on Tuesday, July 23rd. Oppenheimer reaffirmed an “outperform” rating and set a $321.00 price objective (up from $318.00) on shares of Visa in a research report on Wednesday, October 30th. Piper Sandler boosted their price objective on Visa from $319.00 to $322.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Compass Point assumed coverage on shares of Visa in a research note on Wednesday, September 4th. They set a “buy” rating and a $319.00 target price on the stock. Finally, Bank of America upped their target price on shares of Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $321.74.

Visa Trading Up 0.7 %

Shares of V opened at $307.92 on Friday. Visa Inc. has a twelve month low of $240.97 and a twelve month high of $311.15. The company has a current ratio of 1.28, a quick ratio of 1.37 and a debt-to-equity ratio of 0.55. The company’s fifty day simple moving average is $283.95 and its 200-day simple moving average is $274.67. The company has a market cap of $561.13 billion, a P/E ratio of 31.65, a P/E/G ratio of 2.06 and a beta of 0.95.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.13. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.33 earnings per share. As a group, analysts expect that Visa Inc. will post 11.18 EPS for the current year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.77%. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s payout ratio is presently 21.38%.

Visa 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.