New Republic Capital LLC Acquires 62 Shares of Visa Inc. (NYSE:V)

New Republic Capital LLC lifted its holdings in Visa Inc. (NYSE:V) by 2.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,168 shares of the credit-card processor’s stock after buying an additional 62 shares during the quarter. New Republic Capital LLC’s holdings in Visa were worth $1,110,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. von Borstel & Associates Inc. bought a new stake in Visa during the 1st quarter worth about $27,000. Measured Risk Portfolios Inc. bought a new stake in shares of Visa in the 4th quarter valued at about $47,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa in the 1st quarter valued at about $54,000. Global X Japan Co. Ltd. bought a new stake in shares of Visa in the 1st quarter valued at about $56,000. Finally, Cedar Mountain Advisors LLC increased its stake in shares of Visa by 28.5% in the 1st quarter. Cedar Mountain Advisors LLC now owns 167 shares of the credit-card processor’s stock valued at $59,000 after acquiring an additional 37 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the transaction, the chief executive officer owned 537 shares in the company, valued at $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul D. Fabara sold 46,214 shares of Visa stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $370.00, for a total value of $17,099,180.00. Following the completion of the transaction, the insider owned 26,413 shares in the company, valued at approximately $9,772,810. This represents a 63.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,108 shares of company stock worth $36,771,200 over the last 90 days. Insiders own 0.13% of the company’s stock.

Visa Stock Up 0.8%

V stock opened at $356.93 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $658.60 billion, a price-to-earnings ratio of 35.87, a PEG ratio of 2.41 and a beta of 0.92. The business’s fifty day moving average price is $356.30 and its two-hundred day moving average price is $345.45. Visa Inc. has a fifty-two week low of $254.51 and a fifty-two week high of $375.51.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. Visa had a return on equity of 56.28% and a net margin of 52.86%. The company had revenue of $9.59 billion for the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter last year, the business earned $2.51 earnings per share. Visa’s revenue was up 9.3% on a year-over-year basis. On average, equities analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa’s dividend payout ratio is presently 23.72%.

Analysts Set New Price Targets

A number of brokerages have recently commented on V. Piper Sandler upped their price target on Visa from $383.00 to $384.00 and gave the company an “overweight” rating in a research note on Wednesday, April 30th. Barclays reaffirmed an “overweight” rating on shares of Visa in a research note on Friday, June 13th. BMO Capital Markets increased their target price on Visa from $370.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft initiated coverage on Visa in a research note on Thursday, July 17th. They set a “buy” rating and a $410.00 target price for the company. Finally, Citigroup initiated coverage on Visa in a research note on Monday, June 2nd. They set a “buy” rating for the company. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $375.52.

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.