Moseley Investment Management Inc. lifted its holdings in shares of Visa Inc. (NYSE:V – Free Report) by 4.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,699 shares of the credit-card processor’s stock after buying an additional 257 shares during the quarter. Moseley Investment Management Inc.’s holdings in Visa were worth $1,353,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of V. Financial Freedom LLC bought a new stake in Visa during the 4th quarter worth approximately $32,000. Ridgewood Investments LLC bought a new stake in Visa during the 1st quarter worth approximately $35,000. Kalos Management Inc. bought a new stake in Visa during the 1st quarter worth approximately $40,000. NewSquare Capital LLC increased its holdings in Visa by 121.9% during the 1st quarter. NewSquare Capital LLC now owns 213 shares of the credit-card processor’s stock worth $48,000 after acquiring an additional 117 shares during the period. Finally, Moisand Fitzgerald Tamayo LLC increased its holdings in Visa by 666.7% during the 1st quarter. Moisand Fitzgerald Tamayo LLC now owns 230 shares of the credit-card processor’s stock worth $52,000 after acquiring an additional 200 shares during the period. 81.35% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on V. Susquehanna upped their target price on shares of Visa from $266.00 to $300.00 in a report on Wednesday, July 26th. Wells Fargo & Company increased their price target on shares of Visa from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, July 26th. Oppenheimer reaffirmed an “outperform” rating and issued a $248.00 price objective on shares of Visa in a research note on Monday, July 24th. Raymond James upped their price objective on shares of Visa from $282.00 to $284.00 and gave the company an “outperform” rating in a research note on Wednesday, July 26th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $270.00 price objective on shares of Visa in a research note on Thursday, August 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $273.77.
Visa Trading Down 2.6 %
Shares of V opened at $241.50 on Friday. The stock has a market capitalization of $449.63 billion, a P/E 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. The firm has a fifty day simple moving average of $241.52 and a two-hundred day simple moving average of $231.98. Visa Inc. has a twelve month low of $174.60 and a twelve month high of $250.06.
Visa (NYSE:V – Get Free Report) last announced its quarterly 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 net margin of 51.94% and a return on equity of 49.42%. The business had revenue of $8.12 billion during the quarter, compared to analysts’ expectations of $8.06 billion. During the same quarter in the prior year, the company posted $1.98 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, research analysts anticipate that Visa Inc. will post 8.65 EPS for the current year.
Visa Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were given a $0.45 dividend. The ex-dividend date was Thursday, August 10th. This represents a $1.80 annualized dividend and a dividend yield of 0.75%. Visa’s dividend payout ratio is 22.84%.
Insider Transactions at Visa
In related news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $247.47, for a total value of $2,016,880.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Rajat Taneja sold 2,300 shares of the stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $240.00, for a total value of $552,000.00. Following the completion of the transaction, the insider now directly owns 232,112 shares in the company, valued at approximately $55,706,880. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $247.47, for a total transaction of $2,016,880.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,750 shares of company stock valued at $15,845,648. Company insiders own 0.22% of the company’s stock.
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.
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