Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Purchases New Position in Visa Inc. $V

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new position in Visa Inc. (NYSE:V) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 19,134 shares of the credit-card processor’s stock, valued at approximately $6,794,000. Visa accounts for 2.7% of Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna’s holdings, making the stock its 7th largest holding.

Other large investors have also bought and sold shares of the company. Sagard Holdings Management Inc. purchased a new stake in Visa in the second quarter worth $31,000. London & Capital Asset Management Ltd boosted its holdings in shares of Visa by 53.5% during the 2nd quarter. London & Capital Asset Management Ltd now owns 125,029 shares of the credit-card processor’s stock valued at $44,387,000 after buying an additional 43,591 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Visa by 0.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 363,222 shares of the credit-card processor’s stock valued at $128,962,000 after buying an additional 983 shares in the last quarter. Sentinus LLC grew its position in shares of Visa by 2.8% in the 2nd quarter. Sentinus LLC now owns 3,354 shares of the credit-card processor’s stock worth $1,191,000 after buying an additional 91 shares during the period. Finally, Acorn Wealth Advisors LLC increased its stake in shares of Visa by 4.6% in the 2nd quarter. Acorn Wealth Advisors LLC now owns 2,861 shares of the credit-card processor’s stock worth $1,016,000 after acquiring an additional 127 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Stock Performance

Shares of NYSE V opened at $326.21 on Tuesday. The firm’s 50-day moving average price is $338.47 and its 200-day moving average price is $345.71. Visa Inc. has a 52-week low of $299.00 and a 52-week high of $375.51. The company has a market cap of $594.27 billion, a PE ratio of 31.95, a PEG ratio of 1.96 and a beta of 0.82. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.53.

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

Visa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th were paid a $0.67 dividend. This is an increase from Visa’s previous quarterly dividend of $0.59. The ex-dividend date was Wednesday, November 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. Visa’s dividend payout ratio (DPR) is 26.25%.

Insider Buying and Selling

In related news, Director Lloyd Carney sold 900 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $336.48, for a total transaction of $302,832.00. Following the completion of the sale, the director owned 2,468 shares in the company, valued at approximately $830,432.64. This represents a 26.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 2,172 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $325.93, for a total value of $707,919.96. Following the sale, the insider owned 26,413 shares of the company’s stock, valued at approximately $8,608,789.09. This represents a 7.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 24,042 shares of company stock valued at $8,175,152 over the last 90 days. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Citigroup raised shares of Visa to a “strong-buy” rating in a research note on Thursday, October 23rd. Macquarie dropped their price target on Visa from $425.00 to $410.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Erste Group Bank downgraded Visa from a “buy” rating to a “hold” rating in a research note on Monday, September 22nd. KeyCorp reiterated an “overweight” rating and set a $405.00 price objective on shares of Visa in a research note on Wednesday, October 22nd. Finally, UBS Group set a $425.00 target price on Visa and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Five investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $399.52.

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.