Silvant Capital Management LLC Purchases 5,790 Shares of Visa Inc. $V

Silvant Capital Management LLC raised its position in Visa Inc. (NYSE:V) by 2.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 249,492 shares of the credit-card processor’s stock after acquiring an additional 5,790 shares during the period. Visa makes up about 3.0% of Silvant Capital Management LLC’s holdings, making the stock its 9th largest position. Silvant Capital Management LLC’s holdings in Visa were worth $85,172,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of V. Norges Bank acquired a new position in Visa during the second quarter worth $7,034,939,000. TCI Fund Management Ltd. grew its holdings in shares of Visa by 14.6% during the second quarter. TCI Fund Management Ltd. now owns 19,067,558 shares of the credit-card processor’s stock valued at $6,769,936,000 after buying an additional 2,429,996 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Visa by 110.4% in the 2nd quarter. Corient Private Wealth LLC now owns 3,954,937 shares of the credit-card processor’s stock worth $1,396,930,000 after acquiring an additional 2,075,289 shares during the last quarter. Vanguard Group Inc. lifted its position in Visa by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 162,544,006 shares of the credit-card processor’s stock valued at $57,711,249,000 after acquiring an additional 1,461,575 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in Visa by 73.4% during the 3rd quarter. Capital Research Global Investors now owns 3,197,405 shares of the credit-card processor’s stock valued at $1,091,528,000 after purchasing an additional 1,353,441 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the completion of the sale, the chief executive officer owned 9,401 shares in the company, valued at $3,282,641.18. This trade represents a 52.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.12% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on V. HSBC raised Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Rothschild & Co Redburn set a $385.00 price target on Visa in a research report on Wednesday, January 28th. Macquarie Infrastructure reaffirmed an “outperform” rating and set a $410.00 price objective on shares of Visa in a report on Friday, January 30th. Morgan Stanley reiterated an “overweight” rating and issued a $411.00 target price (up from $398.00) on shares of Visa in a report on Friday, January 30th. Finally, Evercore set a $380.00 price target on shares of Visa in a report on Friday, December 12th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Visa presently has an average rating of “Buy” and a consensus price target of $392.65.

Visa Trading Down 0.5%

Shares of Visa stock opened at $314.44 on Wednesday. The firm has a market cap of $570.77 billion, a PE ratio of 29.50, a P/E/G ratio of 1.81 and a beta of 0.78. Visa Inc. has a 1 year low of $299.00 and a 1 year high of $375.51. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a fifty day moving average price of $328.02 and a 200-day moving average price of $336.81.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, topping analysts’ consensus estimates of $3.14 by $0.03. Visa had a net margin of 50.23% and a return on equity of 61.74%. The company had revenue of $10.90 billion for the quarter, compared to the consensus estimate of $10.69 billion. During the same period in the previous year, the firm earned $2.75 EPS. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. Equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Tuesday, February 10th. Visa’s payout ratio is presently 25.14%.

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.