Visa Inc. $V Shares Bought by Silvant Capital Management LLC

Silvant Capital Management LLC boosted its position in Visa Inc. (NYSE:V) by 13.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 243,702 shares of the credit-card processor’s stock after buying an additional 28,424 shares during the quarter. Visa makes up about 3.3% of Silvant Capital Management LLC’s portfolio, making the stock its 7th biggest position. Silvant Capital Management LLC’s holdings in Visa were worth $86,526,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of V. Norges Bank acquired a new stake in shares of Visa during the 2nd quarter worth $7,034,939,000. Measured Wealth Private Client Group LLC lifted its stake in Visa by 32.8% in the 2nd quarter. Measured Wealth Private Client Group LLC now owns 1,094 shares of the credit-card processor’s stock valued at $388,000 after purchasing an additional 270 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Visa in the 2nd quarter valued at $30,176,000. Laidlaw Wealth Management LLC boosted its stake in shares of Visa by 7.3% during the second quarter. Laidlaw Wealth Management LLC now owns 797 shares of the credit-card processor’s stock valued at $283,000 after purchasing an additional 54 shares in the last quarter. Finally, Level Four Advisory Services LLC grew its holdings in Visa by 1.9% during the 2nd quarter. Level Four Advisory Services LLC now owns 40,596 shares of the credit-card processor’s stock worth $14,414,000 after acquiring an additional 764 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Erste Group Bank downgraded Visa from a “buy” rating to a “hold” rating in a research report on Monday, September 22nd. Barclays reissued an “overweight” rating and issued a $408.00 price objective (up from $396.00) on shares of Visa in a research report on Thursday, July 31st. Citigroup raised Visa to a “strong-buy” rating in a research note on Thursday, October 23rd. Morgan Stanley set a $398.00 target price on Visa and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Finally, Macquarie dropped their price target on Visa from $425.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Four investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $400.00.

Insider Activity

In related news, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $341.00, for a total value of $3,575,385.00. Following the transaction, the chief executive officer owned 537 shares of the company’s stock, valued at approximately $183,117. This trade represents a 95.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lloyd Carney sold 900 shares of Visa stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $336.48, for a total value of $302,832.00. Following the transaction, the director owned 2,468 shares of the company’s stock, valued at $830,432.64. This trade represents a 26.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 24,042 shares of company stock worth $8,175,152 over the last three months. 0.13% of the stock is currently owned by insiders.

Visa Stock Down 0.1%

Shares of NYSE:V opened at $334.10 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.08. Visa Inc. has a 52-week low of $299.00 and a 52-week high of $375.51. The business’s 50 day simple moving average is $339.82 and its two-hundred day simple moving average is $347.42. The firm has a market cap of $608.65 billion, a P/E ratio of 32.72, a PEG ratio of 1.98 and a beta of 0.87.

Visa (NYSE:V) last issued its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.01. Visa had a return on equity of 60.31% and a net margin of 50.15%.The company had revenue of $10.72 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same period in the prior year, the firm earned $2.71 earnings per share. Visa’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, research analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. This is a positive change from Visa’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Wednesday, November 12th. Visa’s payout ratio is 26.25%.

Visa Company Profile

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.