Accel Wealth Management Increases Stake in Visa Inc. (NYSE:V)

Accel Wealth Management increased its position in Visa Inc. (NYSE:V) by 12.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 901 shares of the credit-card processor’s stock after acquiring an additional 100 shares during the quarter. Accel Wealth Management’s holdings in Visa were worth $252,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. boosted its stake in Visa by 7.5% in the 1st quarter. First Trust Direct Indexing L.P. now owns 39,308 shares of the credit-card processor’s stock worth $10,970,000 after purchasing an additional 2,736 shares during the period. Cornerstone Wealth Management LLC boosted its position in shares of Visa by 2.1% during the 1st quarter. Cornerstone Wealth Management LLC now owns 11,176 shares of the credit-card processor’s stock valued at $3,119,000 after acquiring an additional 229 shares during the last quarter. Massachusetts Wealth Management bought a new stake in Visa in the 1st quarter worth approximately $240,000. Fluent Financial LLC lifted its position in Visa by 0.6% in the 1st quarter. Fluent Financial LLC now owns 7,635 shares of the credit-card processor’s stock worth $2,131,000 after buying an additional 42 shares during the last quarter. Finally, Arcus Capital Partners LLC bought a new stake in Visa in the 1st quarter worth approximately $826,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

NYSE V traded up $0.76 during trading hours on Thursday, hitting $268.99. The company’s stock had a trading volume of 5,017,760 shares, compared to its average volume of 9,395,944. Visa Inc. has a 12 month low of $227.68 and a 12 month high of $290.96. The company’s 50 day simple moving average is $273.45 and its two-hundred day simple moving average is $273.65. The company has a market cap of $491.97 billion, a P/E ratio of 30.05, a price-to-earnings-growth ratio of 1.84 and a beta of 0.95. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping the consensus estimate of $2.43 by $0.08. The company had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. Visa’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the company earned $2.09 EPS. As a group, sell-side analysts expect that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were issued a $0.52 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. Visa’s dividend payout ratio is presently 23.24%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. UBS Group boosted their target price on Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Royal Bank of Canada boosted their target price on Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Robert W. Baird boosted their target price on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Citigroup lifted their price target on Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, Evercore ISI decreased their price target on Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Five research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and a consensus price target of $303.56.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Paul D. Fabara sold 25,293 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the sale, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.

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.