American Capital Advisory LLC Boosts Holdings in Visa Inc. (NYSE:V)

American Capital Advisory LLC grew its position in Visa Inc. (NYSE:V) by 1,625.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 414 shares of the credit-card processor’s stock after purchasing an additional 390 shares during the period. American Capital Advisory LLC’s holdings in Visa were worth $108,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Cortland Associates Inc. MO increased its stake in Visa by 0.5% in the second quarter. Cortland Associates Inc. MO now owns 208,092 shares of the credit-card processor’s stock worth $54,618,000 after purchasing an additional 1,062 shares during the period. William Allan Corp grew its holdings in shares of Visa by 1.6% in the second quarter. William Allan Corp now owns 15,784 shares of the credit-card processor’s stock worth $4,143,000 after purchasing an additional 251 shares during the last quarter. Schmidt P J Investment Management Inc. grew its holdings in shares of Visa by 0.3% in the second quarter. Schmidt P J Investment Management Inc. now owns 36,799 shares of the credit-card processor’s stock worth $9,659,000 after purchasing an additional 126 shares during the last quarter. Coerente Capital Management increased its stake in Visa by 1.3% in the 2nd quarter. Coerente Capital Management now owns 73,333 shares of the credit-card processor’s stock worth $19,248,000 after buying an additional 950 shares during the period. Finally, Blue Chip Partners LLC lifted its holdings in Visa by 2.5% during the 2nd quarter. Blue Chip Partners LLC now owns 90,223 shares of the credit-card processor’s stock valued at $23,681,000 after buying an additional 2,237 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

V has been the topic of a number of research analyst reports. Jefferies Financial Group dropped their target price on shares of Visa from $325.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Mizuho raised their price objective on Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Bank of America reissued a “neutral” rating and set a $297.00 price target (down previously from $305.00) on shares of Visa in a research report on Wednesday, July 10th. Piper Sandler cut their target price on shares of Visa from $322.00 to $319.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Finally, Citigroup lowered their target price on Visa from $321.00 to $319.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $308.50.

Visa Stock Performance

Shares of V traded up $2.05 during trading hours on Friday, reaching $276.37. 6,206,909 shares of the company traded hands, compared to its average volume of 7,134,268. 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 business has a fifty day moving average price of $265.72 and a 200-day moving average price of $273.11. Visa Inc. has a 12-month low of $227.78 and a 12-month high of $290.96. The stock has a market capitalization of $505.46 billion, a P/E ratio of 30.70, a P/E/G ratio of 1.89 and a beta of 0.95.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, meeting the consensus estimate of $2.42. The business had revenue of $8.90 billion for 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 company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.16 EPS. Equities analysts anticipate that Visa Inc. will post 9.91 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 9th will be issued a $0.52 dividend. The ex-dividend date is Friday, August 9th. This represents a $2.08 annualized dividend and a yield of 0.75%. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Visa Company 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.