Mascoma Wealth Management LLC Buys 295 Shares of Visa Inc. (NYSE:V)

Mascoma Wealth Management LLC lifted its position in Visa Inc. (NYSE:V) by 23.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,547 shares of the credit-card processor’s stock after purchasing an additional 295 shares during the quarter. Mascoma Wealth Management LLC’s holdings in Visa were worth $406,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Livelsberger Financial Advisory bought a new stake in shares of Visa in the 4th quarter worth about $25,000. Westend Capital Management LLC purchased a new position in Visa in the first quarter worth about $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 bought a new stake in Visa during the fourth quarter worth approximately $33,000. Finally, TruNorth Capital Management LLC raised its position in Visa by 211.9% during the second quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock valued at $34,000 after purchasing an additional 89 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Price Performance

NYSE V opened at $278.68 on Wednesday. The company has a market cap of $509.69 billion, a price-to-earnings ratio of 31.14, a PEG ratio of 1.95 and a beta of 0.95. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37. The stock’s fifty day moving average price is $265.80 and its 200 day moving average price is $273.05. Visa Inc. has a 1 year low of $227.78 and a 1 year high of $290.96.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.42. The firm had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.16 earnings per share. As a group, equities research analysts forecast that Visa Inc. will post 9.92 earnings per share for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 9th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Friday, August 9th. Visa’s dividend payout ratio is currently 23.24%.

Wall Street Analysts Forecast Growth

V has been the topic of several recent analyst reports. Macquarie reissued an “outperform” rating and issued a $300.00 target price on shares of Visa in a research note on Wednesday, July 24th. Royal Bank of Canada reduced their price objective on shares of Visa from $315.00 to $311.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Compass Point assumed coverage on Visa in a research report on Wednesday. They set a “buy” rating and a $319.00 target price for the company. BNP Paribas upgraded Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price target on the stock in a report on Tuesday. Finally, Jefferies Financial Group dropped their price objective on Visa from $325.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Visa has an average rating of “Moderate Buy” and an average price target of $309.54.

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.