Visa Inc. $V Stake Boosted by Investidor Profissional Gestao de Recursos Ltda.

Investidor Profissional Gestao de Recursos Ltda. lifted its stake in Visa Inc. (NYSE:V) by 57.0% during the first quarter, HoldingsChannel reports. The fund owned 47,995 shares of the credit-card processor’s stock after purchasing an additional 17,420 shares during the quarter. Visa comprises approximately 4.7% of Investidor Profissional Gestao de Recursos Ltda.’s holdings, making the stock its 5th biggest position. Investidor Profissional Gestao de Recursos Ltda.’s holdings in Visa were worth $14,506,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of V. Brighton Jones LLC increased its position in Visa by 50.1% in the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock worth $6,522,000 after purchasing an additional 6,883 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Visa by 68.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock valued at $3,733,000 after buying an additional 4,817 shares in the last quarter. Nicholas Hoffman & Company LLC. grew its stake in shares of Visa by 4.6% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor’s stock valued at $3,834,000 after buying an additional 477 shares in the last quarter. Matrix Asset Advisors Inc. NY increased its holdings in Visa by 16.9% in the second quarter. Matrix Asset Advisors Inc. NY now owns 1,133 shares of the credit-card processor’s stock worth $402,000 after buying an additional 164 shares during the last quarter. Finally, Schnieders Capital Management LLC. increased its holdings in Visa by 13.8% in the second quarter. Schnieders Capital Management LLC. now owns 18,367 shares of the credit-card processor’s stock worth $6,521,000 after buying an additional 2,230 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Visa news, CFO Chris Suh sold 10,639 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total value of $3,455,653.59. Following the completion of the sale, the chief financial officer owned 9,872 shares in the company, valued at approximately $3,206,524.32. This trade represents a 51.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $360.00, for a total transaction of $729,720.00. Following the completion of the transaction, the general counsel directly owned 18,404 shares of the company’s stock, valued at approximately $6,625,440. This represents a 9.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 75,581 shares of company stock worth $25,627,975 in the last 90 days. Corporate insiders own 0.12% of the company’s stock.

Visa Stock Performance

NYSE:V opened at $355.94 on Wednesday. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $365.14. The firm has a 50 day moving average of $335.74 and a 200-day moving average of $325.08. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $638.47 billion, a P/E ratio of 31.00, a price-to-earnings-growth ratio of 1.92 and a beta of 0.75.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.21. The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.75 billion. Visa had a return on equity of 65.00% and a net margin of 51.68%.The business’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.76 earnings per share. As a group, sell-side analysts anticipate that Visa Inc. will post 13.13 EPS for the current fiscal year.

Visa declared that its board has initiated a stock repurchase program on Tuesday, April 28th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the credit-card processor to buy up to 3.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 12th. Visa’s payout ratio is currently 23.34%.

Wall Street Analyst Weigh In

Several research firms have commented on V. Citigroup lowered their target price on shares of Visa from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Sanford C. Bernstein restated an “outperform” rating and issued a $450.00 price objective on shares of Visa in a research note on Tuesday, June 2nd. UBS Group raised their price objective on shares of Visa from $390.00 to $410.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. BNP Paribas Exane raised shares of Visa to a “strong-buy” rating in a research note on Tuesday. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $400.00 target price on shares of Visa in a research note on Wednesday, April 29th. Eight analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Visa currently has an average rating of “Buy” and a consensus target price of $398.36.

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.