Neville Rodie & Shaw Inc. Grows Stock Holdings in Visa Inc. (NYSE:V)

Neville Rodie & Shaw Inc. grew its stake in Visa Inc. (NYSE:V) by 3.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 126,863 shares of the credit-card processor’s stock after purchasing an additional 4,076 shares during the period. Visa makes up approximately 2.7% of Neville Rodie & Shaw Inc.’s holdings, making the stock its 6th largest holding. Neville Rodie & Shaw Inc.’s holdings in Visa were worth $35,405,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Altshuler Shaham Ltd acquired a new position in shares of Visa in the 3rd quarter worth approximately $25,000. Livelsberger Financial Advisory acquired a new position in Visa during the 4th quarter worth $25,000. O Brien Wealth Partners LLC acquired a new position in Visa during the 4th quarter worth $32,000. Frank Rimerman Advisors LLC acquired a new position in Visa during the 4th quarter worth $33,000. Finally, Valued Wealth Advisors LLC acquired a new position in Visa during the 4th quarter worth $37,000. 82.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul D. Fabara sold 25,293 shares of the firm’s 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 completion of the transaction, 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. In the last 90 days, insiders sold 34,402 shares of company stock worth $9,559,382. Corporate insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on V. Redburn Atlantic reaffirmed a “neutral” rating and set a $307.00 price objective on shares of Visa in a report on Wednesday, March 27th. Evercore ISI upped their price objective on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Wedbush increased their price target on Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Macquarie increased their price target on Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Finally, Piper Sandler assumed coverage on Visa in a research note on Monday, May 13th. They issued an “overweight” rating and a $322.00 price target on the stock. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $303.76.

Visa Price Performance

V stock opened at $276.85 on Friday. The stock has a 50-day moving average price of $273.99 and a two-hundred day moving average price of $272.74. The stock has a market cap of $506.34 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 1.87 and a beta of 0.97. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a 1 year low of $224.98 and a 1 year high of $290.96.

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

Visa Announces Dividend

The company 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 0.75%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

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.