2 weeks Ago By ABMN Staff
3Chopt Investment Partners LLC acquired a new position in shares of Visa Inc. ( NYSE:V – Free Report ) in the 2nd quarter, Holdings Channel reports. The fund acquired 3,403 shares of the credit-card processor’s stock, valued at approximately $893,000.
Other large investors have also made changes to their positions in the company. Westend Capital Management LLC bought a new position in Visa during the first quarter valued at about $25,000. Livelsberger Financial Advisory bought a new stake in shares of Visa in the 4th quarter valued at approximately $25,000.
POM Investment Strategies LLC grew its stake in shares of Visa by 970.0% in the 2nd quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock valued at $28,000 after purchasing an additional 97 shares during the period.
Frank Rimerman Advisors LLC bought a new stake in shares of Visa in the 4th quarter valued at approximately $33,000. Finally, TruNorth Capital Management LLC grew its stake in shares of Visa by 211.9% in the 2nd quarter.
TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock valued at $34,000 after purchasing an additional 89 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.
Analysts Set New Price Targets A number of research firms recently commented on V. William Blair upgraded Visa to a “strong-buy” rating in a research report on Tuesday, July 23rd. Bank of America upped their price objective on Visa from $279.
00 to $308.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. JPMorgan Chase & Co.
upped their price objective on Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th.
Citigroup reduced their price objective on Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th.
Finally, Morgan Stanley reissued an “overweight” rating and issued a $322.00 price target on shares of Visa in a research note on Wednesday, September 25th. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock.
Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $310.22. Insider Activity at Visa In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Tuesday, September 3rd.
The stock was sold at an average price of $276.37, for a total value of $2,382,309.40.
Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at $148,687.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website .
0.19% of the stock is currently owned by company insiders. Visa Stock Down 0.
1 % Shares of NYSE:V opened at $274.77 on Tuesday. The company has a fifty day moving average of $271.
45 and a 200-day moving average of $273.11. The company has a market capitalization of $502.
54 billion, a PE ratio of 30.70, a price-to-earnings-growth ratio of 1.94 and a beta of 0.
96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.
37 and a current ratio of 1.37. Visa Inc.
has a 52-week low of $227.78 and a 52-week high of $293.07.
Visa ( NYSE:V – Get Free Report ) last announced its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.
42. The company had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.
92 billion. Visa had a net margin of 54.72% and a return on equity of 51.
94%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year.
During the same period in the prior year, the business earned $2.16 earnings per share. On average, equities analysts predict that Visa Inc.
will post 9.92 EPS for the current fiscal year. Visa Announces Dividend The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd.
Stockholders of record on Friday, August 9th were issued a dividend of $0.52 per share. The ex-dividend date was Friday, August 9th.
This represents a $2.08 annualized dividend and a dividend yield of 0.76%.
Visa’s dividend payout ratio (DPR) is presently 23.24%. Visa Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding V? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Visa Inc. ( NYSE:V – Free Report ). Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.
com's FREE daily email newsletter ..
