SPC Financial Inc. Purchases 78 Shares of Visa Inc. (NYSE:V)

SPC Financial Inc. grew its position in Visa Inc. (NYSE:V) by 1.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,463 shares of the credit-card processor’s stock after purchasing an additional 78 shares during the quarter. SPC Financial Inc.’s holdings in Visa were worth $1,525,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Livelsberger Financial Advisory acquired a new position in Visa during the 4th quarter valued at $25,000. Westend Capital Management LLC acquired a new position in Visa during the 1st quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new position in Visa during the 4th quarter valued at $32,000. Frank Rimerman Advisors LLC acquired a new position in Visa during the 4th quarter valued at $33,000. Finally, Valued Wealth Advisors LLC acquired a new position in Visa during the 4th quarter valued at $37,000. Institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on V shares. Oppenheimer upped their target price on shares of Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Robert W. Baird increased 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. Piper Sandler started coverage on shares of Visa in a research note on Monday, May 13th. They issued an “overweight” rating and a $322.00 price objective for the company. Royal Bank of Canada increased their price objective on shares of Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Finally, Redburn Atlantic restated a “neutral” rating and issued a $307.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Six investment 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 an average rating of “Moderate Buy” and an average price target of $304.44.

Visa Stock Up 1.2 %

Shares of NYSE:V opened at $265.60 on Friday. Visa Inc. has a 12 month low of $227.68 and a 12 month high of $290.96. The company’s 50-day moving average price is $272.88 and its two-hundred day moving average price is $273.85. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The firm has a market cap of $485.77 billion, a P/E ratio of 29.34, a P/E/G ratio of 1.80 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 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The firm had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same quarter in the prior year, the firm earned $2.09 EPS. The company’s revenue was up 9.9% on a year-over-year basis. As a group, research analysts forecast that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were given a dividend of $0.52 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.78%. 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 the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $4,959,322.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Visa news, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the transaction, the director now directly owns 2,591 shares in the company, valued at approximately $713,950.05. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 25,293 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the transaction, the insider now owns 17,894 shares in the company, valued at $4,959,322.10. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.

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.