Aspiriant LLC Has $1.48 Million Stock Position in Visa Inc. (NYSE:V)

Aspiriant LLC boosted its position in shares of Visa Inc. (NYSE:V) by 4.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,396 shares of the credit-card processor’s stock after purchasing an additional 238 shares during the quarter. Aspiriant LLC’s holdings in Visa were worth $1,484,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Hilltop National Bank bought a new stake in Visa in the first quarter valued at about $1,212,000. Absolute Capital Management LLC bought a new stake in shares of Visa in the 1st quarter valued at about $404,000. Davidson Capital Management Inc. raised its position in shares of Visa by 0.5% in the 1st quarter. Davidson Capital Management Inc. now owns 9,275 shares of the credit-card processor’s stock valued at $2,588,000 after acquiring an additional 44 shares during the period. Empirical Finance LLC boosted its stake in Visa by 4.4% during the 1st quarter. Empirical Finance LLC now owns 45,724 shares of the credit-card processor’s stock worth $12,761,000 after acquiring an additional 1,914 shares during the last quarter. Finally, Arjuna Capital grew its holdings in Visa by 0.8% during the second quarter. Arjuna Capital now owns 11,851 shares of the credit-card processor’s stock valued at $3,111,000 after purchasing an additional 96 shares during the period. Institutional investors own 82.15% of the company’s stock.

Visa Stock Up 0.1 %

V stock opened at $290.62 on Friday. Visa Inc. has a 1-year low of $228.03 and a 1-year high of $293.07. The business’s 50 day simple moving average is $276.91 and its 200 day simple moving average is $272.94. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $531.53 billion, a PE ratio of 32.47, a PEG ratio of 1.94 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, meeting analysts’ consensus estimates of $2.42. The business 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%. Visa’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.16 EPS. As a group, research analysts anticipate that Visa Inc. will post 9.92 EPS for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 9th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $2.08 annualized dividend and a yield of 0.72%. Visa’s payout ratio is currently 23.24%.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the transaction, the chief executive officer now owns 538 shares in the company, valued at $148,687.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

V has been the topic of several analyst reports. Robert W. Baird increased their target price on shares of Visa from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Royal Bank of Canada decreased their target price on Visa from $315.00 to $311.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. JPMorgan Chase & Co. raised their price target on Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Finally, Oppenheimer initiated coverage on Visa in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $318.00 price objective for the company. Four research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $314.19.

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.