1,820 Shares in Visa Inc. (NYSE:V) Acquired by James J. Burns & Company LLC

James J. Burns & Company LLC purchased a new position in shares of Visa Inc. (NYSE:V) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,820 shares of the credit-card processor’s stock, valued at approximately $477,000.

A number of other institutional investors have also bought and sold shares of V. Citizens National Bank Trust Department boosted its stake in Visa by 2.2% in the 4th quarter. Citizens National Bank Trust Department now owns 21,167 shares of the credit-card processor’s stock worth $5,511,000 after purchasing an additional 450 shares during the period. RPG Investment Advisory LLC purchased a new position in Visa in the 4th quarter worth approximately $229,000. Highview Capital Management LLC DE increased its stake in Visa by 0.7% in the 4th quarter. Highview Capital Management LLC DE now owns 17,370 shares of the credit-card processor’s stock worth $4,522,000 after purchasing an additional 120 shares during the period. Vaughan David Investments LLC IL increased its stake in Visa by 3.1% in the 4th quarter. Vaughan David Investments LLC IL now owns 1,548 shares of the credit-card processor’s stock worth $403,000 after purchasing an additional 46 shares during the period. Finally, NewEdge Wealth LLC increased its stake in shares of Visa by 5.8% during the fourth quarter. NewEdge Wealth LLC now owns 126,889 shares of the credit-card processor’s stock valued at $33,036,000 after buying an additional 6,911 shares during the period. Institutional investors own 82.15% of the company’s stock.

Visa Trading Up 2.2 %

Shares of V stock traded up $5.67 during mid-day trading on Thursday, hitting $266.81. 7,397,535 shares of the company’s stock were exchanged, compared to its average volume of 7,241,343. Visa Inc. has a fifty-two week low of $227.78 and a fifty-two week high of $290.96. The stock has a 50-day simple moving average of $266.84 and a two-hundred day simple moving average of $273.69. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. The stock has a market cap of $486.21 billion, a price-to-earnings ratio of 29.53, a PEG ratio of 1.83 and a beta of 0.95.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, meeting the consensus estimate of $2.42. Visa had a return on equity of 51.94% and a net margin of 54.72%. The company had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. During the same period last year, the company posted $2.16 earnings per share. The firm’s revenue was up 9.6% compared to the same quarter last year. Equities analysts expect that Visa Inc. will post 9.91 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th will be given a dividend of $0.52 per share. The ex-dividend date is Friday, August 9th. This represents a $2.08 annualized dividend and a dividend yield of 0.78%. Visa’s dividend payout ratio is presently 23.24%.

Analysts Set New Price Targets

V has been the topic of a number of research analyst reports. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Piper Sandler cut their target price on Visa from $322.00 to $319.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Macquarie reissued an “outperform” rating and set a $300.00 price target on shares of Visa in a research note on Wednesday, July 24th. Morgan Stanley lowered their price objective on Visa from $326.00 to $322.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Finally, Robert W. Baird raised their price target on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Six analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and a consensus target price of $307.25.

Visa 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.