Forza Wealth Management LLC Purchases 33 Shares of Visa Inc. (NYSE:V)

Forza Wealth Management LLC grew its holdings in Visa Inc. (NYSE:V) by 2.9% during the 4th quarter, Holdings Channel reports. The firm owned 1,164 shares of the credit-card processor’s stock after purchasing an additional 33 shares during the period. Forza Wealth Management LLC’s holdings in Visa were worth $368,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of V. Peterson Financial Group Inc. acquired a new stake in shares of Visa in the 3rd quarter valued at approximately $26,000. Reston Wealth Management LLC bought a new stake in Visa in the third quarter valued at approximately $31,000. Modus Advisors LLC acquired a new stake in Visa in the fourth quarter worth $32,000. Fairway Wealth LLC bought a new position in shares of Visa during the second quarter worth $39,000. Finally, West Financial Advisors LLC grew its holdings in shares of Visa by 101.4% in the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after buying an additional 73 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on V shares. Wells Fargo & Company lifted their target price on Visa from $325.00 to $360.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Bank of America boosted their price objective on Visa from $279.00 to $308.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Royal Bank of Canada raised their target price on shares of Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Piper Sandler lifted their price target on shares of Visa from $319.00 to $322.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Barclays increased their price objective on shares of Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average target price of $330.85.

Visa Stock Performance

Visa stock traded down $1.97 during mid-day trading on Monday, hitting $305.74. 3,014,943 shares of the company’s stock traded hands, compared to its average volume of 5,123,156. 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 firm has a 50 day simple moving average of $312.14 and a two-hundred day simple moving average of $287.04. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $321.61. The stock has a market cap of $569.56 billion, a price-to-earnings ratio of 31.42, a P/E/G ratio of 2.11 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly 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 business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. Visa’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.33 EPS. On average, research analysts expect that Visa Inc. will post 11.23 EPS for the current fiscal year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were issued a dividend of $0.59 per share. This is a boost from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a yield of 0.77%. The ex-dividend date was Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is presently 24.25%.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were 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 of the company’s stock, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Visa Company 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.