V Square Quantitative Management LLC Boosts Position in Visa Inc. (NYSE:V)

V Square Quantitative Management LLC increased its position in Visa Inc. (NYSE:VFree Report) by 20.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,947 shares of the credit-card processor’s stock after buying an additional 4,564 shares during the quarter. Visa accounts for approximately 1.3% of V Square Quantitative Management LLC’s holdings, making the stock its 8th biggest holding. V Square Quantitative Management LLC’s holdings in Visa were worth $7,520,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in V. Trifecta Capital Advisors LLC boosted its stake in shares of Visa by 2.7% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock valued at $4,641,000 after purchasing an additional 536 shares in the last quarter. Annex Advisory Services LLC grew its holdings in shares of Visa by 16.2% during the 3rd quarter. Annex Advisory Services LLC now owns 97,169 shares of the credit-card processor’s stock worth $22,350,000 after acquiring an additional 13,568 shares during the period. 180 Wealth Advisors LLC grew its holdings in shares of Visa by 4.0% during the 3rd quarter. 180 Wealth Advisors LLC now owns 11,218 shares of the credit-card processor’s stock worth $2,580,000 after acquiring an additional 427 shares during the period. Tempus Wealth Planning LLC boosted its position in shares of Visa by 77.5% during the third quarter. Tempus Wealth Planning LLC now owns 2,130 shares of the credit-card processor’s stock valued at $490,000 after purchasing an additional 930 shares in the last quarter. Finally, Nwam LLC grew its stake in Visa by 8.5% in the third quarter. Nwam LLC now owns 10,649 shares of the credit-card processor’s stock worth $2,449,000 after purchasing an additional 835 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Performance

Shares of Visa stock traded down $2.52 during trading hours on Tuesday, reaching $276.02. 6,577,868 shares of the stock traded hands, compared to its average volume of 6,366,592. The company has a 50 day moving average price of $277.31 and a 200 day moving average price of $269.42. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $504.82 billion, a price-to-earnings ratio of 30.84, a P/E/G ratio of 1.92 and a beta of 0.95.

Visa (NYSE:VGet Free Report) last announced its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same period in the previous year, the business posted $2.09 earnings per share. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts expect that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be issued a $0.52 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. Visa’s dividend payout ratio is currently 23.24%.

Insider Buying and Selling

In related news, Director Lloyd Carney sold 909 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,402 shares of company stock valued at $9,559,382. 0.19% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on V. Evercore ISI boosted their target price on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Barclays upped their price objective on shares of Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Robert W. Baird lifted their target price on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Royal Bank of Canada upped their price target on Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Finally, Citigroup boosted their target price on Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $303.76.

View Our Latest Analysis on V

Visa Company 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.

See Also

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Institutional Ownership by Quarter for Visa (NYSE:V)

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