Quantum Financial Advisors LLC Buys 88 Shares of Visa Inc. (NYSE:V)

Quantum Financial Advisors LLC grew its stake in shares of Visa Inc. (NYSE:V) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,990 shares of the credit-card processor’s stock after acquiring an additional 88 shares during the period. Quantum Financial Advisors LLC’s holdings in Visa were worth $1,261,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Ignite Planners LLC boosted its position in shares of Visa by 1.4% in the fourth quarter. Ignite Planners LLC now owns 2,862 shares of the credit-card processor’s stock valued at $901,000 after acquiring an additional 40 shares during the period. Tlwm boosted its holdings in Visa by 2.8% in the 4th quarter. Tlwm now owns 5,307 shares of the credit-card processor’s stock valued at $1,677,000 after purchasing an additional 146 shares during the period. Cardinal Point Capital Management ULC grew its position in shares of Visa by 126.9% during the 4th quarter. Cardinal Point Capital Management ULC now owns 3,190 shares of the credit-card processor’s stock worth $1,008,000 after purchasing an additional 1,784 shares in the last quarter. Wallace Advisory Group LLC grew its position in shares of Visa by 4.0% during the 4th quarter. Wallace Advisory Group LLC now owns 5,293 shares of the credit-card processor’s stock worth $1,673,000 after purchasing an additional 204 shares in the last quarter. Finally, 180 Wealth Advisors LLC increased its holdings in shares of Visa by 1.3% during the fourth quarter. 180 Wealth Advisors LLC now owns 11,587 shares of the credit-card processor’s stock worth $3,662,000 after purchasing an additional 150 shares during the period. Institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on V. Keefe, Bruyette & Woods increased their price target on Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Citigroup raised their price target on Visa from $326.00 to $354.00 and gave the stock a “buy” rating in a research report on Tuesday. Bank of America upped their price objective on shares of Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Piper Sandler increased their price objective on shares of Visa from $319.00 to $322.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Macquarie boosted their target price on shares of Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $331.92.

Visa Stock Performance

Shares of V stock opened at $309.24 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. Visa Inc. has a one year low of $252.70 and a one year high of $321.61. The business’s 50 day simple moving average is $312.76 and its 200 day simple moving average is $287.65. The stock has a market capitalization of $576.08 billion, a PE ratio of 31.78, a PEG ratio of 2.11 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.13. The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. Visa’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.33 earnings per share. As a group, research analysts forecast that Visa Inc. will post 11.23 earnings per share for the current year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were given a $0.59 dividend. The ex-dividend date was Tuesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.76%. Visa’s dividend payout ratio (DPR) is 24.25%.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

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.