Marotta Asset Management Makes New Investment in Visa Inc. (NYSE:V)

Marotta Asset Management purchased a new position in shares of Visa Inc. (NYSE:V) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,846 shares of the credit-card processor’s stock, valued at approximately $676,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Financial Freedom LLC acquired a new stake in shares of Visa in the fourth quarter valued at $32,000. Ridgewood Investments LLC acquired a new stake in shares of Visa in the first quarter valued at $35,000. Kalos Management Inc. acquired a new stake in shares of Visa in the first quarter valued at $40,000. NewSquare Capital LLC raised its position in shares of Visa by 121.9% during the first quarter. NewSquare Capital LLC now owns 213 shares of the credit-card processor’s stock worth $48,000 after purchasing an additional 117 shares during the period. Finally, Moisand Fitzgerald Tamayo LLC raised its position in shares of Visa by 666.7% during the first quarter. Moisand Fitzgerald Tamayo LLC now owns 230 shares of the credit-card processor’s stock worth $52,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 81.35% of the company’s stock.

Insider Activity at Visa

In other Visa news, insider Rajat Taneja sold 2,300 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $240.00, for a total value of $552,000.00. Following the completion of the sale, the insider now owns 232,112 shares in the company, valued at approximately $55,706,880. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Visa news, CEO Ryan Mcinerney sold 425 shares of the firm’s stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $240.00, for a total value of $102,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Rajat Taneja sold 2,300 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $240.00, for a total value of $552,000.00. Following the completion of the sale, the insider now owns 232,112 shares of the company’s stock, valued at approximately $55,706,880. The disclosure for this sale can be found here. Insiders sold a total of 65,750 shares of company stock worth $15,845,648 in the last 90 days. 0.22% of the stock is owned by company insiders.

Visa Price Performance

Shares of NYSE:V opened at $241.50 on Friday. The business has a 50 day moving average price of $241.52 and a 200 day moving average price of $231.98. Visa Inc. has a twelve month low of $174.60 and a twelve month high of $250.06. The company has a market cap of $449.63 billion, a price-to-earnings ratio of 30.65, a PEG ratio of 1.86 and a beta of 0.95. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last announced its earnings results on Tuesday, July 25th. The credit-card processor reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.05. Visa had a return on equity of 49.42% and a net margin of 51.94%. The firm had revenue of $8.12 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter in the prior year, the company earned $1.98 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. Research analysts predict that Visa Inc. will post 8.65 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, August 10th. This represents a $1.80 annualized dividend and a yield of 0.75%. Visa’s payout ratio is 22.84%.

Analyst Upgrades and Downgrades

V has been the topic of a number of recent analyst reports. Citigroup boosted their target price on Visa from $273.00 to $275.00 in a research report on Wednesday, July 26th. Oppenheimer reaffirmed an “outperform” rating and set a $248.00 target price on shares of Visa in a research report on Monday, July 24th. Royal Bank of Canada boosted their target price on Visa from $265.00 to $290.00 in a research report on Wednesday, July 26th. Robert W. Baird reissued an “outperform” rating and set a $284.00 price target on shares of Visa in a research report on Thursday. Finally, Raymond James upped their price target on Visa from $282.00 to $284.00 and gave the company an “outperform” rating in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $273.77.

Visa Company Profile

Visa Inc operates as a payments technology company worldwide. 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, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; 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.