Shepherd Financial Partners LLC Grows Stock Holdings in Visa Inc. (NYSE:V)

Shepherd Financial Partners LLC lifted its holdings in Visa Inc. (NYSE:V) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,676 shares of the credit-card processor’s stock after acquiring an additional 160 shares during the period. Visa makes up 1.0% of Shepherd Financial Partners LLC’s portfolio, making the stock its 18th biggest position. Shepherd Financial Partners LLC’s holdings in Visa were worth $8,431,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Peterson Financial Group Inc. bought a new position in Visa during the 3rd quarter valued at $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Visa in the 4th quarter valued at about $26,000. Reston Wealth Management LLC bought a new position in shares of Visa during the third quarter worth about $31,000. Modus Advisors LLC acquired a new position in Visa in the fourth quarter worth about $32,000. Finally, Sugar Maple Asset Management LLC bought a new stake in Visa in the fourth quarter valued at about $44,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Trading Up 0.2 %

Visa stock opened at $348.26 on Monday. The firm has a market cap of $647.00 billion, a price-to-earnings ratio of 35.11, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $351.25. The firm’s 50 day moving average price is $321.08 and its two-hundred day moving average price is $295.90. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, research analysts predict that Visa Inc. will post 11.27 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa’s payout ratio is presently 23.79%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on V shares. Macquarie increased their target price on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Royal Bank of Canada lifted their price objective on shares of Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Piper Sandler reissued an “overweight” rating and set a $383.00 target price (up from $368.00) on shares of Visa in a report on Friday, January 31st. Citigroup lifted their price target on shares of Visa from $354.00 to $393.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Susquehanna increased their price objective on shares of Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $354.73.

Insider Buying and Selling at Visa

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the sale, the insider now owns 36,566 shares in the company, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the transaction, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at $1,569,094.56. This represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,056 shares of company stock valued at $19,830,050. 0.13% of the stock is currently owned by corporate 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.