Leeward Financial Partners LLC Buys 739 Shares of Visa Inc. (NYSE:V)

Leeward Financial Partners LLC raised its stake in Visa Inc. (NYSE:V) by 5.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,782 shares of the credit-card processor’s stock after acquiring an additional 739 shares during the quarter. Visa makes up approximately 1.6% of Leeward Financial Partners LLC’s investment portfolio, making the stock its 21st largest position. Leeward Financial Partners LLC’s holdings in Visa were worth $3,846,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in V. Westend Capital Management LLC acquired a new position in shares of Visa in the first quarter valued at approximately $25,000. Livelsberger Financial Advisory acquired a new stake in Visa during the 4th quarter valued at approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in Visa during the 4th quarter valued at approximately $32,000. Frank Rimerman Advisors LLC acquired a new stake in Visa during the 4th quarter valued at approximately $33,000. Finally, Valued Wealth Advisors LLC acquired a new stake in Visa during the 4th quarter valued at approximately $37,000. Institutional investors own 82.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on V shares. Redburn Atlantic reissued a “neutral” rating and set a $307.00 target price on shares of Visa in a research report on Wednesday, March 27th. Oppenheimer increased their target price on shares of Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. William Blair restated an “outperform” rating on shares of Visa in a report on Wednesday, April 24th. Piper Sandler initiated coverage on Visa in a report on Monday, May 13th. They set an “overweight” rating and a $322.00 price target on the stock. Finally, UBS Group increased their price target on Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $303.56.

Visa Stock Performance

V traded up $0.50 during trading hours on Wednesday, hitting $268.73. The stock had a trading volume of 5,017,760 shares, compared to its average volume of 6,819,253. The company’s fifty day simple moving average is $273.58 and its 200 day simple moving average is $273.69. Visa Inc. has a 1 year low of $227.68 and a 1 year high of $290.96. The stock has a market cap of $491.49 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 1.80 and a beta of 0.95. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.08. The company had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.09 EPS. Equities analysts anticipate that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s payout ratio is presently 23.24%.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction dated 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 sale, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 25,293 shares of Visa 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 sale, the insider now 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. Insiders own 0.19% 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.