Visa Inc. $V Shares Purchased by Value Partners Investments Inc.

Value Partners Investments Inc. increased its position in shares of Visa Inc. (NYSE:V) by 9.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,274 shares of the credit-card processor’s stock after buying an additional 1,358 shares during the quarter. Visa comprises 0.5% of Value Partners Investments Inc.’s investment portfolio, making the stock its 29th biggest holding. Value Partners Investments Inc.’s holdings in Visa were worth $5,768,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Keystone Global Partners LLC acquired a new position in shares of Visa in the 1st quarter valued at $26,000. von Borstel & Associates Inc. acquired a new stake in Visa during the 1st quarter worth $27,000. 1 North Wealth Services LLC purchased a new position in Visa during the 1st quarter worth $38,000. Anderson Financial Strategies LLC purchased a new stake in shares of Visa in the first quarter valued at about $53,000. Finally, O Brien Wealth Partners LLC acquired a new stake in shares of Visa during the first quarter worth about $54,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,630 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the transaction, the chief executive officer directly owned 537 shares of the company’s stock, valued at $190,001.34. This trade represents a 94.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the transaction, the general counsel directly owned 11,925 shares of the company’s stock, valued at approximately $4,102,438.50. This represents a 14.53% 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 company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on V shares. Raymond James Financial restated an “outperform” rating on shares of Visa in a research report on Wednesday, July 30th. Oppenheimer lifted their target price on Visa from $390.00 to $391.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. UBS Group reissued a “buy” rating and issued a $415.00 price objective (up from $405.00) on shares of Visa in a research note on Wednesday, July 30th. Mizuho upgraded shares of Visa from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $359.00 to $425.00 in a research note on Thursday, June 5th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Visa in a report on Thursday, July 17th. They issued a “buy” rating and a $410.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $385.96.

Visa Price Performance

Visa stock opened at $339.33 on Friday. The company has a market cap of $621.92 billion, a P/E ratio of 33.14, a price-to-earnings-growth ratio of 2.29 and a beta of 0.92. Visa Inc. has a one year low of $268.23 and a one year high of $375.51. The business has a fifty day moving average of $347.03 and a two-hundred day moving average of $346.92. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.82 billion. During the same quarter last year, the firm posted $2.42 EPS. The business’s revenue was up 14.3% compared to the same quarter last year. As a group, analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Visa’s dividend payout ratio (DPR) is 23.05%.

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.