Clare Market Investments LLC Increases Position in Visa Inc. (NYSE:V)

Clare Market Investments LLC raised its position in Visa Inc. (NYSE:V) by 16.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,295 shares of the credit-card processor’s stock after purchasing an additional 456 shares during the period. Clare Market Investments LLC’s holdings in Visa were worth $1,155,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Capital & Planning LLC grew its position in shares of Visa by 21.2% in the 4th quarter. Capital & Planning LLC now owns 949 shares of the credit-card processor’s stock valued at $300,000 after buying an additional 166 shares during the last quarter. Sovereign Investment Advisors LLC purchased a new position in shares of Visa in the 4th quarter valued at $424,000. Brighton Jones LLC boosted its stake in Visa by 50.1% during the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock worth $6,522,000 after purchasing an additional 6,883 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in Visa during the 4th quarter worth $202,074,000. Finally, Revolve Wealth Partners LLC boosted its stake in Visa by 68.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock worth $3,733,000 after purchasing an additional 4,817 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Visa in a research note on Monday. They set a “neutral” rating for the company. Piper Sandler increased their price target on shares of Visa from $383.00 to $384.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 30th. Truist Financial assumed coverage on shares of Visa in a research note on Monday. They set a “buy” rating and a $400.00 price target for the company. William Blair reiterated an “outperform” rating on shares of Visa in a research note on Wednesday, April 30th. Finally, Jefferies Financial Group increased their price target on shares of Visa from $400.00 to $410.00 and gave the stock a “buy” rating in a research note on Tuesday, May 27th. Six equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $367.48.

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the transaction, the insider now owns 26,413 shares in the company, valued at approximately $8,642,333.60. The trade was a 59.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $362.77, for a total transaction of $3,127,077.40. Following the transaction, the chief executive officer now owns 537 shares of the company’s stock, valued at approximately $194,807.49. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 121,948 shares of company stock worth $41,546,299. Insiders own 0.13% of the company’s stock.

Visa Stock Up 0.6%

Shares of NYSE V opened at $368.04 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $371.75. The firm has a 50-day moving average price of $344.66 and a 200 day moving average price of $334.72. The stock has a market capitalization of $679.09 billion, a price-to-earnings ratio of 37.10, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating the consensus estimate of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The firm had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter last year, the business earned $2.51 earnings per share. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Tuesday, May 13th. Visa’s dividend payout ratio (DPR) is 23.72%.

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.