Financial Synergies Wealth Advisors Inc. Increases Stock Position in Visa Inc. (NYSE:V)

Financial Synergies Wealth Advisors Inc. raised its stake in shares of Visa Inc. (NYSE:V) by 755.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 616 shares of the credit-card processor’s stock after buying an additional 544 shares during the period. Financial Synergies Wealth Advisors Inc.’s holdings in Visa were worth $172,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Livelsberger Financial Advisory bought a new position in Visa during the fourth quarter valued at $25,000. Westend Capital Management LLC purchased a new position in Visa in the 1st quarter worth about $25,000. O Brien Wealth Partners LLC purchased a new position in Visa in the 4th quarter worth about $32,000. Frank Rimerman Advisors LLC purchased a new position in Visa during the 4th quarter valued at about $33,000. Finally, Valued Wealth Advisors LLC purchased a new stake in shares of Visa in the 4th quarter worth approximately $37,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Visa

In related news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares in the company, valued at $713,950.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of Visa 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 completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lloyd Carney sold 909 shares of Visa stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the transaction, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The disclosure for this sale can be found here. Insiders sold 34,402 shares of company stock worth $9,559,382 over the last 90 days. Company insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on V shares. Macquarie boosted their price objective on shares of Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Redburn Atlantic reissued a “neutral” rating and set a $307.00 price objective on shares of Visa in a report on Wednesday, March 27th. UBS Group boosted their price objective on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Oppenheimer boosted their target price on shares of Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Finally, Royal Bank of Canada boosted their target price on shares of Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus target price of $303.76.

Visa Trading Up 0.3 %

NYSE V opened at $276.17 on Tuesday. Visa Inc. has a 12 month low of $226.02 and a 12 month high of $290.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $505.10 billion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 1.88 and a beta of 0.97. The firm’s fifty day moving average price is $274.07 and its 200 day moving average price is $273.29.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping 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 company had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same period last year, the firm posted $2.09 EPS. Visa’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, sell-side analysts expect 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. Investors of record on Friday, May 17th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Thursday, May 16th. Visa’s dividend payout ratio (DPR) is 23.24%.

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.