Strategic Capital Advisers Inc. raised its position in shares of Visa Inc. (NYSE:V – Get Rating) by 12.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,724 shares of the credit-card processor’s stock after purchasing an additional 1,473 shares during the quarter. Visa accounts for about 2.2% of Strategic Capital Advisers Inc.’s investment portfolio, making the stock its 21st biggest holding. Strategic Capital Advisers Inc.’s holdings in Visa were worth $2,702,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Landmark Wealth Management LLC bought a new stake in shares of Visa in the first quarter worth approximately $32,000. Rise Advisors LLC bought a new stake in shares of Visa in the fourth quarter worth approximately $35,000. Monumental Financial Group Inc. bought a new stake in shares of Visa in the first quarter worth approximately $35,000. James Investment Research Inc. grew its stake in shares of Visa by 1,400.0% in the first quarter. James Investment Research Inc. now owns 180 shares of the credit-card processor’s stock worth $40,000 after acquiring an additional 168 shares during the period. Finally, Rather & Kittrell Inc. bought a new stake in shares of Visa in the fourth quarter worth approximately $43,000. 81.49% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on V shares. Susquehanna reduced their price target on shares of Visa from $290.00 to $260.00 in a research note on Thursday, July 28th. Daiwa Capital Markets lowered shares of Visa from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $230.00 to $225.00 in a research note on Tuesday, August 16th. Citigroup reduced their price target on shares of Visa from $270.00 to $254.00 in a research note on Tuesday, July 26th. Macquarie cut their target price on shares of Visa from $270.00 to $260.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th. Finally, Mizuho cut their target price on shares of Visa from $235.00 to $215.00 and set a “neutral” rating for the company in a research report on Friday, July 1st. Four research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $257.64.
Visa Price Performance
Shares of NYSE:V opened at $180.59 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.43 and a quick ratio of 1.43. Visa Inc. has a 1-year low of $179.90 and a 1-year high of $236.96. The company has a market capitalization of $341.39 billion, a P/E ratio of 26.64, a P/E/G ratio of 1.49 and a beta of 0.90. The firm’s 50 day simple moving average is $205.24 and its two-hundred day simple moving average is $206.94.
Visa (NYSE:V – Get Rating) last released its earnings results on Tuesday, July 26th. The credit-card processor reported $1.98 EPS for the quarter, topping the consensus estimate of $1.74 by $0.24. Visa had a net margin of 51.99% and a return on equity of 46.39%. The firm had revenue of $7.28 billion for the quarter, compared to the consensus estimate of $7.06 billion. Research analysts expect that Visa Inc. will post 7.43 EPS for the current fiscal year.
Visa Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Friday, August 12th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Thursday, August 11th. Visa’s dividend payout ratio (DPR) is presently 22.12%.
Insider Transactions at Visa
In other news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the business’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $212.11, for a total value of $1,908,990.00. Following the transaction, the chief executive officer now owns 156,887 shares of the company’s stock, valued at $33,277,301.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.21% of the company’s stock.
Visa Profile
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Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.
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