Investment Research & Advisory Group Inc. Purchases 324 Shares of Visa Inc. (NYSE:V)

Investment Research & Advisory Group Inc. increased its position in shares of Visa Inc. (NYSE:V) by 1.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,459 shares of the credit-card processor’s stock after acquiring an additional 324 shares during the quarter. Visa makes up about 2.5% of Investment Research & Advisory Group Inc.’s portfolio, making the stock its 8th biggest holding. Investment Research & Advisory Group Inc.’s holdings in Visa were worth $5,431,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Westend Capital Management LLC purchased a new position in Visa during the first quarter worth about $25,000. Livelsberger Financial Advisory purchased a new position in Visa during the fourth quarter worth about $25,000. O Brien Wealth Partners LLC purchased a new position in Visa during the fourth quarter worth about $32,000. Frank Rimerman Advisors LLC purchased a new position in Visa during the fourth quarter worth about $33,000. Finally, Valued Wealth Advisors LLC purchased a new position in Visa during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction dated 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 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 is available at the SEC website. In related news, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction dated 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 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 is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The disclosure for this sale can be found here. Insiders have sold 34,402 shares of company stock worth $9,559,382 in the last three months. Corporate insiders own 0.19% of the company’s stock.

Visa Price Performance

Shares of NYSE V traded down $4.12 during trading on Friday, hitting $262.47. 13,957,270 shares of the company were exchanged, compared to its average volume of 8,762,266. The company has a market cap of $480.04 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 1.82 and a beta of 0.97. Visa Inc. has a 1 year low of $227.68 and a 1 year high of $290.96. The firm’s fifty day moving average price is $273.88 and its 200 day moving average price is $273.50. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same period in the previous year, the firm earned $2.09 EPS. The business’s revenue was up 9.9% on a year-over-year basis. On average, sell-side analysts expect that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were given a $0.52 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.08 annualized dividend and a dividend yield of 0.79%. Visa’s dividend payout ratio is presently 23.24%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. UBS Group raised their price objective on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Robert W. Baird raised their price objective on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Macquarie raised their price objective on shares of Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Wells Fargo & Company lifted their price target on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Finally, Piper Sandler initiated coverage on shares of Visa in a research note on Monday, May 13th. They issued an “overweight” rating and a $322.00 price target for the company. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $303.56.

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.