Visa Inc. (NYSE:V) Shares Purchased by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC raised its position in Visa Inc. (NYSE:V) by 0.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 5,241 shares of the credit-card processor’s stock after acquiring an additional 41 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Visa were worth $1,451,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Leelyn Smith LLC raised its position in Visa by 2.5% in the 3rd quarter. Leelyn Smith LLC now owns 16,137 shares of the credit-card processor’s stock valued at $4,437,000 after purchasing an additional 388 shares in the last quarter. GenTrust LLC increased its position in shares of Visa by 50.4% in the 3rd quarter. GenTrust LLC now owns 2,804 shares of the credit-card processor’s stock valued at $771,000 after purchasing an additional 940 shares during the last quarter. Studio Investment Management LLC raised its holdings in shares of Visa by 3.6% in the 3rd quarter. Studio Investment Management LLC now owns 1,962 shares of the credit-card processor’s stock valued at $539,000 after purchasing an additional 68 shares in the last quarter. Icon Wealth Advisors LLC grew its stake in shares of Visa by 526.0% during the third quarter. Icon Wealth Advisors LLC now owns 197,055 shares of the credit-card processor’s stock worth $54,180,000 after purchasing an additional 165,575 shares in the last quarter. Finally, GM Advisory Group LLC grew its stake in shares of Visa by 8.1% during the third quarter. GM Advisory Group LLC now owns 12,087 shares of the credit-card processor’s stock worth $3,323,000 after purchasing an additional 903 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Macquarie lifted their price target on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Piper Sandler increased their target price on shares of Visa from $319.00 to $322.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Mizuho upped their target price on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Robert W. Baird upped their target price on shares of Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, BNP Paribas raised Visa from a “neutral” rating to an “outperform” rating and set a $325.00 target price on the stock in a report on Tuesday, September 3rd. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $321.74.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $148,687.06. The trade was a 94.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by corporate insiders.

Visa Stock Up 0.0 %

V stock opened at $309.93 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The company’s 50 day simple moving average is $289.52 and its 200-day simple moving average is $277.33. Visa Inc. has a 12 month low of $251.61 and a 12 month high of $312.44. The firm has a market capitalization of $577.36 billion, a PE ratio of 31.85, a P/E/G ratio of 2.08 and a beta of 0.95.

Visa (NYSE:V) last announced its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. The firm had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. Visa’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.33 EPS. Equities analysts expect that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Tuesday, November 12th. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio (DPR) is currently 24.25%.

About Visa

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.