Visa Inc. (NYSE:V) is Oak Ridge Investments LLC’s 9th Largest Position

Oak Ridge Investments LLC grew its holdings in shares of Visa Inc. (NYSE:V) by 4.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,229 shares of the credit-card processor’s stock after buying an additional 2,459 shares during the period. Visa accounts for about 1.8% of Oak Ridge Investments LLC’s holdings, making the stock its 9th largest holding. Oak Ridge Investments LLC’s holdings in Visa were worth $17,925,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of V. Nadler Financial Group Inc. lifted its holdings in shares of Visa by 2.4% in the 4th quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock valued at $495,000 after purchasing an additional 44 shares during the last quarter. Towerpoint Wealth LLC purchased a new stake in Visa during the 4th quarter valued at approximately $216,000. Andrew Hill Investment Advisors Inc. purchased a new stake in Visa during the 4th quarter valued at approximately $3,427,000. Richelieu Gestion SA purchased a new stake in Visa during the 4th quarter valued at approximately $307,000. Finally, Cooper Financial Group raised its stake in Visa by 6.4% during the 4th quarter. Cooper Financial Group now owns 7,926 shares of the credit-card processor’s stock valued at $2,064,000 after acquiring an additional 476 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Trading Up 0.5 %

Shares of Visa stock traded up $1.37 during trading hours on Friday, reaching $270.36. 7,986,435 shares of the company’s stock were exchanged, compared to its average volume of 9,135,279. Visa Inc. has a 52-week low of $227.68 and a 52-week high of $290.96. The firm has a market capitalization of $494.47 billion, a price-to-earnings ratio of 30.21, a price-to-earnings-growth ratio of 1.84 and a beta of 0.95. The company has a fifty day moving average of $273.24 and a 200-day moving average of $273.70. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53.

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

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Thursday, May 16th. Visa’s dividend payout ratio (DPR) is currently 23.24%.

Analyst Upgrades and Downgrades

Several research firms have commented on V. Evercore ISI reduced their price objective on Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Piper Sandler began coverage on Visa in a research note on Monday, May 13th. They set an “overweight” rating and a $322.00 price objective for the company. Royal Bank of Canada upped their price objective on Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Redburn Atlantic reiterated a “neutral” rating and set a $307.00 target price on shares of Visa in a research report on Wednesday, March 27th. Finally, 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. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $303.56.

Insider Buying and Selling

In related news, Director Lloyd Carney sold 909 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 2,591 shares in the company, valued at approximately $713,950.05. The sale 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 firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 17,894 shares in the company, valued at $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 firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the sale, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The disclosure for this sale can be found here. Corporate insiders own 0.19% 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.