Visa Inc. (NYSE:V) Shares Purchased by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV boosted its stake in Visa Inc. (NYSE:V) by 14.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,586 shares of the credit-card processor’s stock after buying an additional 5,138 shares during the quarter. Visa makes up approximately 1.2% of Hudson Valley Investment Advisors Inc. ADV’s portfolio, making the stock its 26th largest holding. Hudson Valley Investment Advisors Inc. ADV’s holdings in Visa were worth $10,884,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Hilltop National Bank acquired a new position in Visa during the first quarter worth about $1,212,000. Absolute Capital Management LLC purchased a new stake in shares of Visa in the first quarter valued at approximately $404,000. Davidson Capital Management Inc. increased its holdings in shares of Visa by 0.5% in the first quarter. Davidson Capital Management Inc. now owns 9,275 shares of the credit-card processor’s stock valued at $2,588,000 after purchasing an additional 44 shares during the last quarter. Empirical Finance LLC lifted its position in Visa by 4.4% during the first quarter. Empirical Finance LLC now owns 45,724 shares of the credit-card processor’s stock worth $12,761,000 after buying an additional 1,914 shares in the last quarter. Finally, Arjuna Capital boosted its stake in Visa by 0.8% during the second quarter. Arjuna Capital now owns 11,851 shares of the credit-card processor’s stock worth $3,111,000 after buying an additional 96 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Visa

In related 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 value of $2,382,309.40. Following the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at $148,687.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on V. Morgan Stanley raised their target price on Visa from $322.00 to $326.00 and gave the stock an “overweight” rating in a research note on Wednesday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $317.00 target price on shares of Visa in a research note on Thursday, September 12th. BNP Paribas raised shares of Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price target for the company in a research note on Tuesday, September 3rd. Monness Crespi & Hardt restated a “neutral” rating on shares of Visa in a report on Tuesday, September 24th. Finally, Citigroup upped their price objective on Visa from $319.00 to $326.00 and gave the company a “buy” rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Visa has an average rating of “Moderate Buy” and a consensus price target of $320.07.

Visa Trading Down 0.1 %

NYSE:V opened at $289.89 on Friday. The stock has a fifty day moving average price of $280.53 and a 200 day moving average price of $273.50. The company has a current ratio of 1.28, a quick ratio of 1.37 and a debt-to-equity ratio of 0.55. Visa Inc. has a 12-month low of $232.99 and a 12-month high of $296.34. The firm has a market cap of $528.27 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.33 earnings per share. Sell-side analysts anticipate that Visa Inc. will post 11.12 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.81%. This is a positive change from Visa’s previous quarterly dividend of $0.52. The ex-dividend date is Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is presently 21.38%.

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.