CHURCHILL MANAGEMENT Corp Buys 110 Shares of Visa Inc. (NYSE:V)

CHURCHILL MANAGEMENT Corp lifted its stake in Visa Inc. (NYSE:V) by 0.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,664 shares of the credit-card processor’s stock after purchasing an additional 110 shares during the quarter. CHURCHILL MANAGEMENT Corp’s holdings in Visa were worth $12,465,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in V. Meyer Handelman Co. raised its holdings in Visa by 39.2% in the 1st quarter. Meyer Handelman Co. now owns 76,363 shares of the credit-card processor’s stock worth $21,311,000 after acquiring an additional 21,486 shares during the last quarter. First Affirmative Financial Network raised its stake in Visa by 6.8% during the 1st quarter. First Affirmative Financial Network now owns 3,491 shares of the credit-card processor’s stock valued at $974,000 after buying an additional 221 shares during the last quarter. Cardano Risk Management B.V. purchased a new stake in Visa during the 1st quarter valued at $108,145,000. PFW Advisors LLC raised its stake in Visa by 357.2% during the 1st quarter. PFW Advisors LLC now owns 9,048 shares of the credit-card processor’s stock valued at $2,525,000 after buying an additional 7,069 shares during the last quarter. Finally, MCIA Inc raised its stake in Visa by 3.5% during the 1st quarter. MCIA Inc now owns 4,782 shares of the credit-card processor’s stock valued at $1,323,000 after buying an additional 162 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Stock Down 0.6 %

V opened at $275.22 on Friday. The firm has a 50-day simple moving average of $273.97 and a two-hundred day simple moving average of $273.01. Visa Inc. has a 52 week low of $225.50 and a 52 week high of $290.96. The company has a market capitalization of $503.36 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 1.89 and a beta of 0.97. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53.

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

Visa Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Thursday, May 16th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Piper Sandler assumed coverage on shares of Visa in a research note on Monday, May 13th. They set an “overweight” rating and a $322.00 target price for the company. Evercore ISI boosted their target price on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Robert W. Baird boosted their target price 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. Redburn Atlantic reiterated a “neutral” rating and set a $307.00 target price on shares of Visa in a research note on Wednesday, March 27th. Finally, Wedbush boosted their price objective on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus target price of $303.76.

Insider Buying and Selling at Visa

In other 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 sale, the insider now directly owns 17,894 shares in the company, valued at approximately $4,959,322.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other 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 sale, the insider now directly owns 17,894 shares in the company, valued at approximately $4,959,322.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The disclosure for this sale can be found here. Insiders sold 34,402 shares of company stock valued at $9,559,382 in the last 90 days. Insiders own 0.19% of the company’s stock.

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.