Advisory Alpha LLC Buys 620 Shares of Visa Inc. (NYSE:V)

Advisory Alpha LLC raised its position in Visa Inc. (NYSE:V) by 18.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,055 shares of the credit-card processor’s stock after buying an additional 620 shares during the quarter. Advisory Alpha LLC’s holdings in Visa were worth $1,064,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in V. IMS Capital Management lifted its stake in shares of Visa by 1.6% during the 2nd quarter. IMS Capital Management now owns 10,869 shares of the credit-card processor’s stock valued at $2,913,000 after buying an additional 176 shares in the last quarter. Regency Capital Management Inc. DE lifted its position in shares of Visa by 12.2% during the second quarter. Regency Capital Management Inc. DE now owns 7,788 shares of the credit-card processor’s stock worth $2,044,000 after acquiring an additional 846 shares in the last quarter. Pathway Financial Advisers LLC boosted its holdings in shares of Visa by 3.9% in the second quarter. Pathway Financial Advisers LLC now owns 3,996 shares of the credit-card processor’s stock worth $1,039,000 after acquiring an additional 149 shares during the period. Next Capital Management LLC grew its position in shares of Visa by 5.2% in the second quarter. Next Capital Management LLC now owns 1,752 shares of the credit-card processor’s stock valued at $460,000 after purchasing an additional 86 shares in the last quarter. Finally, Fiera Capital Corp raised its stake in shares of Visa by 1.3% during the 2nd quarter. Fiera Capital Corp now owns 685,355 shares of the credit-card processor’s stock valued at $179,885,000 after purchasing an additional 8,914 shares during the period. Institutional investors own 82.15% of the company’s stock.

Visa Stock Up 1.0 %

Shares of Visa stock opened at $277.62 on Wednesday. The company’s 50 day moving average price is $271.71 and its 200-day moving average price is $273.07. Visa Inc. has a 52-week low of $227.78 and a 52-week high of $293.07. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market capitalization of $507.75 billion, a price-to-earnings ratio of 31.02, a P/E/G ratio of 1.94 and a beta of 0.96.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.42. The firm had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.16 earnings per share. Equities research analysts forecast that Visa Inc. will post 9.92 EPS for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th were given a $0.52 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. Visa’s dividend payout ratio is currently 23.24%.

Analysts Set New Price Targets

V has been the subject of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $317.00 target price on shares of Visa in a report on Thursday, September 12th. Monness Crespi & Hardt reaffirmed a “neutral” rating on shares of Visa in a research note on Tuesday, September 24th. Compass Point assumed coverage on shares of Visa in a research note on Wednesday, September 4th. They issued a “buy” rating and a $319.00 target price on the stock. Piper Sandler cut their price target on shares of Visa from $322.00 to $319.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Finally, TD Cowen decreased their price target on shares of Visa from $320.00 to $318.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $310.93.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $148,687.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.

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.