Hexagon Capital Partners LLC decreased its position in Visa Inc. (NYSE:V – Free Report) by 4.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,416 shares of the credit-card processor’s stock after selling 175 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Visa were worth $770,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Global Wealth Strategies & Associates bought a new stake in shares of Visa in the 4th quarter worth approximately $26,000. JDM Financial Group LLC bought a new stake in shares of Visa in the 4th quarter worth approximately $29,000. McElhenny Sheffield Capital Management LLC bought a new stake in shares of Visa in the 4th quarter worth approximately $31,000. Financial Freedom LLC bought a new stake in shares of Visa in the 4th quarter worth approximately $32,000. Finally, St. James Investment Advisors LLC lifted its holdings in shares of Visa by 58.7% in the 4th quarter. St. James Investment Advisors LLC now owns 219 shares of the credit-card processor’s stock worth $45,000 after purchasing an additional 81 shares during the last quarter. Institutional investors and hedge funds own 84.92% of the company’s stock.
Analyst Upgrades and Downgrades
V has been the topic of several recent research reports. 22nd Century Group reissued a “maintains” rating on shares of Visa in a report on Wednesday, April 26th. BMO Capital Markets raised their price target on Visa from $253.00 to $263.00 in a report on Wednesday, April 26th. Citigroup raised their price target on Visa from $270.00 to $273.00 in a report on Wednesday, April 26th. Robert W. Baird lifted their target price on Visa from $272.00 to $284.00 in a research note on Wednesday, April 26th. Finally, KeyCorp lifted their target price on Visa from $250.00 to $260.00 in a research note on Monday, April 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $262.52.
Insider Activity at Visa
Visa Price Performance
Shares of NYSE:V opened at $236.45 on Friday. Visa Inc. has a fifty-two week low of $174.60 and a fifty-two week high of $240.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market capitalization of $442.95 billion, a P/E ratio of 31.61, a P/E/G ratio of 1.81 and a beta of 0.97. The business has a 50-day moving average of $229.08 and a two-hundred day moving average of $224.94.
Visa (NYSE:V – Free Report) last issued its quarterly earnings results on Tuesday, April 25th. The credit-card processor reported $2.09 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $7.99 billion for the quarter, compared to analyst estimates of $7.79 billion. During the same period in the previous year, the company posted $1.79 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities research analysts predict that Visa Inc. will post 8.59 EPS for the current fiscal year.
Visa Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Friday, May 12th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, May 11th. This represents a $1.80 annualized dividend and a yield of 0.76%. Visa’s dividend payout ratio is 24.06%.
About Visa
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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