Markowski Investments Buys Shares of 5,617 Visa Inc. $V

Markowski Investments bought a new position in shares of Visa Inc. (NYSE:V) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,617 shares of the credit-card processor’s stock, valued at approximately $1,927,000.

A number of other large investors have also recently made changes to their positions in the stock. Parvin Asset Management LLC lifted its holdings in Visa by 200.0% during the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after purchasing an additional 50 shares in the last quarter. Philadelphia Investment Partners LLC purchased a new position in Visa during the 2nd quarter valued at about $29,000. Virtus Advisers LLC purchased a new position in Visa during the 2nd quarter valued at about $33,000. RHL Group LLC bought a new stake in shares of Visa during the fourth quarter valued at about $34,000. Finally, Timmons Wealth Management LLC bought a new stake in shares of Visa during the fourth quarter valued at about $34,000. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Tullier Mahon sold 57,272 shares of the stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $364.97, for a total transaction of $20,902,561.84. Following the completion of the sale, the insider directly owned 49,662 shares in the company, valued at $18,125,140.14. This represents a 53.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Julie B. Rottenberg sold 2,028 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $381.35, for a total value of $773,377.80. Following the transaction, the general counsel owned 18,404 shares in the company, valued at approximately $7,018,365.40. The trade was a 9.93% 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 104,537 shares of company stock worth $37,540,837 in the last 90 days. 0.12% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Citigroup reiterated a “buy” rating and issued a $440.00 target price (up from $400.00) on shares of Visa in a research note on Wednesday, July 29th. Cantor Fitzgerald set a $445.00 price target on shares of Visa and gave the stock an “overweight” rating in a report on Monday, August 3rd. Raymond James Financial reissued an “outperform” rating and set a $406.00 price objective on shares of Visa in a research note on Wednesday, July 29th. Robert W. Baird boosted their target price on Visa from $412.00 to $420.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $466.00 target price (up from $412.00) on shares of Visa in a research note on Monday. Seven research analysts have rated the stock with a Strong Buy rating and twenty-four have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, Visa currently has an average rating of “Buy” and an average target price of $416.62.

Visa Trading Down 1.1%

NYSE V opened at $374.46 on Friday. The stock’s 50-day simple moving average is $363.63 and its two-hundred day simple moving average is $333.27. Visa Inc. has a twelve month low of $293.89 and a twelve month high of $385.57. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $668.20 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 2.03 and a beta of 0.76.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 EPS for the quarter, beating the consensus estimate of $3.23 by $0.09. The firm had revenue of $11.63 billion for the quarter, compared to analyst estimates of $11.40 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%.The company’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.98 EPS. Research analysts forecast that Visa Inc. will post 13.16 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $2.68 annualized dividend and a dividend yield of 0.7%. Visa’s dividend payout ratio (DPR) is currently 22.79%.

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.