Visa Inc. (NYSE:V) Shares Acquired by Kavar Capital Partners Group LLC

Kavar Capital Partners Group LLC increased its stake in shares of Visa Inc. (NYSE:V) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,772 shares of the credit-card processor’s stock after buying an additional 354 shares during the quarter. Visa comprises approximately 1.2% of Kavar Capital Partners Group LLC’s investment portfolio, making the stock its 25th biggest holding. Kavar Capital Partners Group LLC’s holdings in Visa were worth $6,881,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Peterson Financial Group Inc. purchased a new stake in Visa in the third quarter valued at $26,000. Decker Retirement Planning Inc. acquired a new position in shares of Visa in the 4th quarter valued at about $26,000. Reston Wealth Management LLC purchased a new stake in shares of Visa in the third quarter worth about $31,000. Modus Advisors LLC acquired a new stake in Visa during the fourth quarter worth about $32,000. Finally, West Financial Advisors LLC raised its position in Visa by 101.4% during the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after acquiring an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Visa Trading Up 0.6 %

Shares of V stock opened at $336.45 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $337.83. The company’s 50-day moving average price is $315.85 and its 200-day moving average price is $291.78. The stock has a market cap of $626.76 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 2.17 and a beta of 0.96.

Visa (NYSE:V) last posted its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.13. The company 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 revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.33 EPS. As a group, equities analysts predict that Visa Inc. will post 11.19 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on V shares. Morgan Stanley upped their price objective on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Piper Sandler increased their price target on shares of Visa from $322.00 to $368.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Robert W. Baird lifted their price objective on shares of Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Bank of America increased their target price on shares of Visa from $314.00 to $331.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Oppenheimer lifted their price target on Visa from $321.00 to $375.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Four research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average target price of $335.52.

About Visa

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.