Guardian Wealth Advisors LLC NC Has $1.88 Million Stake in Visa Inc. (NYSE:V)

Guardian Wealth Advisors LLC NC boosted its position in shares of Visa Inc. (NYSE:V) by 5.7% in the first quarter, Holdings Channel reports. The fund owned 8,352 shares of the credit-card processor’s stock after acquiring an additional 449 shares during the period. Guardian Wealth Advisors LLC NC’s holdings in Visa were worth $1,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Graham Capital Wealth Management LLC acquired a new position in Visa during the 1st quarter worth $299,862,000. Financial Freedom LLC bought a new position in shares of Visa during the 4th quarter worth about $32,000. Ridgewood Investments LLC bought a new position in shares of Visa during the 1st quarter worth about $35,000. Kalos Management Inc. bought a new position in shares of Visa during the 1st quarter worth about $40,000. Finally, NewSquare Capital LLC increased its holdings in shares of Visa by 121.9% during the 1st quarter. NewSquare Capital LLC now owns 213 shares of the credit-card processor’s stock worth $48,000 after purchasing an additional 117 shares during the period. Institutional investors and hedge funds own 81.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on V. Oppenheimer restated an “outperform” rating and set a $248.00 price objective on shares of Visa in a report on Monday, July 24th. Mizuho restated a “neutral” rating and set a $255.00 price objective on shares of Visa in a report on Tuesday, August 29th. Citigroup boosted their price objective on shares of Visa from $273.00 to $275.00 in a report on Wednesday, July 26th. Susquehanna boosted their price objective on shares of Visa from $266.00 to $300.00 in a report on Wednesday, July 26th. Finally, StockNews.com assumed coverage on shares of Visa in a research note on Thursday, August 17th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $273.77.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 425 shares of the stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $240.00, for a total transaction of $102,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Rajat Taneja sold 22,700 shares of the firm’s stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $240.21, for a total value of $5,452,767.00. Following the completion of the transaction, the insider now owns 232,112 shares of the company’s stock, valued at $55,755,623.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 425 shares of the firm’s stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $240.00, for a total transaction of $102,000.00. The disclosure for this sale can be found here. Insiders sold 65,750 shares of company stock valued at $15,845,648 over the last quarter. Corporate insiders own 0.22% of the company’s stock.

Visa Trading Up 0.1 %

Shares of NYSE V opened at $247.29 on Friday. The company’s 50 day simple moving average is $240.99 and its 200 day simple moving average is $231.41. Visa Inc. has a fifty-two week low of $174.60 and a fifty-two week high of $248.87. The firm has a market capitalization of $460.41 billion, a P/E ratio of 31.38, a P/E/G ratio of 1.86 and a beta of 0.95. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.49 and a quick ratio of 1.49.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 25th. The credit-card processor reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.05. Visa had a net margin of 51.94% and a return on equity of 49.42%. The business had revenue of $8.12 billion for the quarter, compared to analyst estimates of $8.06 billion. During the same period in the prior year, the business posted $1.98 earnings per share. Visa’s revenue was up 11.7% compared to the same quarter last year. On average, analysts predict that Visa Inc. will post 8.65 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Thursday, August 10th. Visa’s dividend payout ratio is 22.84%.

Visa Profile

Visa Inc operates as a payments technology company worldwide. 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, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; 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.