Paradigm Financial Partners LLC grew its stake in Visa Inc. (NYSE:V – Get Rating) by 1.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,193 shares of the credit-card processor’s stock after acquiring an additional 333 shares during the quarter. Visa comprises about 1.5% of Paradigm Financial Partners LLC’s portfolio, making the stock its 13th biggest position. Paradigm Financial Partners LLC’s holdings in Visa were worth $5,680,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in V. Global Wealth Strategies & Associates acquired a new stake in shares of Visa in the 4th quarter worth $26,000. JDM Financial Group LLC acquired a new stake in shares of Visa in the 4th quarter worth $29,000. McElhenny Sheffield Capital Management LLC acquired a new stake in Visa during the 4th quarter worth about $31,000. Financial Freedom LLC acquired a new stake in Visa during the 4th quarter worth about $32,000. Finally, St. James Investment Advisors LLC lifted its position in Visa by 58.7% during the 4th quarter. St. James Investment Advisors LLC now owns 219 shares of the credit-card processor’s stock worth $45,000 after acquiring an additional 81 shares during the period. 84.92% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, CFO Vasant M. Prabhu sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $231.36, for a total value of $9,254,400.00. Following the completion of the sale, the chief financial officer now directly owns 73,638 shares in the company, valued at $17,036,887.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Vasant M. Prabhu sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $231.36, for a total value of $9,254,400.00. Following the transaction, the chief financial officer now directly owns 73,638 shares in the company, valued at $17,036,887.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vasant M. Prabhu sold 13,343 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $234.26, for a total value of $3,125,731.18. Following the completion of the transaction, the chief financial officer now owns 73,638 shares in the company, valued at $17,250,437.88. The disclosure for this sale can be found here. Insiders sold 116,277 shares of company stock worth $27,018,374 over the last ninety days. Corporate insiders own 0.21% of the company’s stock.
Wall Street Analysts Forecast Growth
Visa Price Performance
NYSE:V opened at $228.37 on Friday. Visa Inc. has a 12 month low of $174.60 and a 12 month high of $235.57. The stock has a 50 day moving average of $228.70 and a two-hundred day moving average of $222.96. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.56. The firm has a market cap of $427.81 billion, a P/E ratio of 30.53, a price-to-earnings-growth ratio of 1.75 and a beta of 0.97.
Visa (NYSE:V – Get Rating) last posted its quarterly earnings data on Tuesday, April 25th. The credit-card processor reported $2.09 EPS for the quarter, topping the consensus estimate of $1.97 by $0.12. Visa had a return on equity of 50.21% and a net margin of 50.95%. The company had revenue of $7.99 billion during the quarter, compared to analyst estimates of $7.79 billion. During the same period in the previous year, the business earned $1.79 EPS. Visa’s quarterly revenue was up 11.1% on a year-over-year basis. On average, analysts expect that Visa Inc. will post 8.59 earnings per share for the current fiscal year.
Visa Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Friday, May 12th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.79%. Visa’s dividend payout ratio (DPR) is presently 24.06%.
Visa Company Profile
Visa Inc operates as a payments technology company worldwide. 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, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; 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.
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