Arjuna Capital Increases Holdings in Visa Inc. (NYSE:V)

Arjuna Capital increased its stake in shares of Visa Inc. (NYSE:V) by 0.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,851 shares of the credit-card processor’s stock after buying an additional 96 shares during the quarter. Arjuna Capital’s holdings in Visa were worth $3,111,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in V. Livelsberger Financial Advisory acquired a new stake in Visa during the fourth quarter worth $25,000. Westend Capital Management LLC acquired a new stake in Visa during the first quarter worth $25,000. POM Investment Strategies LLC increased its stake in Visa by 970.0% during the second quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock worth $28,000 after acquiring an additional 97 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new stake in Visa during the fourth quarter worth $33,000. Finally, TruNorth Capital Management LLC increased its stake in Visa by 211.9% during the second quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock worth $34,000 after acquiring an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Up 0.7 %

V opened at $276.37 on Friday. The business has a 50 day moving average price of $265.67 and a two-hundred day moving average price of $273.12. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. The company has a market cap of $505.46 billion, a PE ratio of 30.88, a P/E/G ratio of 1.89 and a beta of 0.95. Visa Inc. has a 52 week low of $227.78 and a 52 week high of $290.96.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, meeting the consensus estimate of $2.42. The firm had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.16 EPS. As a group, research analysts anticipate that Visa Inc. will post 9.91 EPS for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.75%. The ex-dividend date is Friday, August 9th. Visa’s payout ratio is 23.24%.

Analysts Set New Price Targets

V has been the subject of a number of research reports. Bank of America reaffirmed a “neutral” rating and issued a $297.00 price objective (down from $305.00) on shares of Visa in a research note on Wednesday, July 10th. Citigroup dropped their price objective on Visa from $321.00 to $319.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Royal Bank of Canada dropped their price objective on Visa from $315.00 to $311.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Evercore ISI dropped their price objective on Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Finally, William Blair raised Visa to a “strong-buy” rating in a research note on Tuesday, July 23rd. Six research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $308.50.

Visa 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.