Visa Inc. (NYSE:V) is GPM Growth Investors Inc.’s 8th Largest Position

GPM Growth Investors Inc. reduced its holdings in shares of Visa Inc. (NYSE:V) by 0.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 31,024 shares of the credit-card processor’s stock after selling 91 shares during the period. Visa accounts for 4.1% of GPM Growth Investors Inc.’s portfolio, making the stock its 8th biggest position. GPM Growth Investors Inc.’s holdings in Visa were worth $9,805,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Riverstone Advisors LLC purchased a new position in Visa during the 4th quarter valued at about $217,000. Journey Strategic Wealth LLC lifted its holdings in shares of Visa by 16.4% during the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock worth $3,058,000 after buying an additional 1,361 shares during the last quarter. Copley Financial Group Inc. acquired a new position in shares of Visa during the third quarter worth approximately $616,000. Calamos Wealth Management LLC lifted its holdings in shares of Visa by 0.6% during the fourth quarter. Calamos Wealth Management LLC now owns 77,443 shares of the credit-card processor’s stock worth $24,475,000 after buying an additional 435 shares during the last quarter. Finally, Oak Ridge Investments LLC raised its stake in shares of Visa by 5.9% in the fourth quarter. Oak Ridge Investments LLC now owns 75,456 shares of the credit-card processor’s stock valued at $23,847,000 after purchasing an additional 4,198 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insider Transactions at Visa

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the transaction, the chief executive officer now owns 537 shares in the company, valued at approximately $194,931. This represents a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 64,505 shares of company stock valued at $22,290,507 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Visa Price Performance

NYSE V opened at $352.18 on Thursday. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The firm’s fifty day simple moving average is $335.17 and its two-hundred day simple moving average is $307.55. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $654.27 billion, a P/E ratio of 35.50, a P/E/G ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. Visa’s dividend payout ratio is currently 23.79%.

Wall Street Analysts Forecast Growth

V has been the topic of a number of analyst reports. Wells Fargo & Company upped their price target on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. increased their target price on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Piper Sandler reiterated an “overweight” rating and set a $383.00 price objective (up from $368.00) on shares of Visa in a report on Friday, January 31st. Finally, Morgan Stanley raised their price target on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $353.96.

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.