Visa Inc. (NYSE:V) Shares Bought by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. grew its holdings in shares of Visa Inc. (NYSE:V) by 5.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,398 shares of the credit-card processor’s stock after purchasing an additional 1,019 shares during the period. Meeder Advisory Services Inc.’s holdings in Visa were worth $5,135,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Westend Capital Management LLC acquired a new position in Visa during the first quarter worth about $25,000. Livelsberger Financial Advisory acquired a new position in Visa during the fourth quarter worth about $25,000. O Brien Wealth Partners LLC acquired a new position in Visa during the fourth quarter worth about $32,000. Frank Rimerman Advisors LLC acquired a new position in shares of Visa in the 4th quarter valued at $33,000. Finally, Valued Wealth Advisors LLC acquired a new position in shares of Visa in the 4th quarter valued at $37,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Performance

Shares of V stock traded up $2.67 during trading on Monday, reaching $268.41. The company had a trading volume of 6,843,377 shares, compared to its average volume of 6,872,659. The firm’s 50 day simple moving average is $272.74 and its two-hundred day simple moving average is $274.17. 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 Inc. has a one year low of $227.68 and a one year high of $290.96. The company has a market capitalization of $490.91 billion, a PE ratio of 29.99, a PEG ratio of 1.85 and a beta of 0.95.

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

Visa Announces Dividend

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

Wall Street Analyst Weigh In

V has been the subject of a number of recent analyst reports. Bank of America reiterated a “neutral” rating and issued a $297.00 price target (down previously from $305.00) on shares of Visa in a research report on Wednesday, July 10th. Piper Sandler initiated coverage on Visa in a research report on Monday, May 13th. They issued an “overweight” rating and a $322.00 price target for the company. Citigroup increased their price target on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Oppenheimer increased their price target on Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Finally, UBS Group increased their price target on Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $304.44.

Insider Activity at Visa

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

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.