SRS Capital Advisors Inc. raised its position in Visa Inc. (NYSE:V) by 0.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,054 shares of the credit-card processor’s stock after acquiring an additional 2 shares during the period. SRS Capital Advisors Inc.’s holdings in Visa were worth $182,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mercer Capital Advisers Inc. increased its holdings in Visa by 2.2% in the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock valued at $104,000 after buying an additional 25 shares in the last quarter. Smithfield Trust Co. increased its stake in shares of Visa by 0.3% during the first quarter. Smithfield Trust Co. now owns 9,047 shares of the credit-card processor’s stock worth $804,000 after purchasing an additional 25 shares in the last quarter. Nicolet Bankshares Inc. increased its stake in shares of Visa by 0.3% during the first quarter. Nicolet Bankshares Inc. now owns 9,312 shares of the credit-card processor’s stock worth $828,000 after purchasing an additional 27 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Visa by 0.5% during the first quarter. Sequoia Financial Advisors LLC now owns 5,994 shares of the credit-card processor’s stock worth $533,000 after purchasing an additional 27 shares in the last quarter. Finally, Weybosset Research & Management LLC increased its stake in shares of Visa by 1.1% during the first quarter. Weybosset Research & Management LLC now owns 2,885 shares of the credit-card processor’s stock worth $256,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 81.74% of the company’s stock.
Several brokerages recently issued reports on V. BidaskClub raised shares of Visa from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 10th. Sanford C. Bernstein restated an “outperform” rating and issued a $110.00 price objective on shares of Visa in a report on Thursday, July 13th. Sandler O’Neill restated a “hold” rating on shares of Visa in a report on Wednesday, June 21st. Vetr upgraded shares of Visa from a “sell” rating to a “hold” rating and set a $105.08 price objective on the stock in a report on Wednesday. Finally, Oppenheimer Holdings, Inc. upped their price objective on shares of Visa from $100.00 to $106.00 in a report on Tuesday, July 18th. Four equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $105.35.
Visa Inc. (V) traded down 0.7676% during mid-day trading on Friday, reaching $105.2657. 6,949,622 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $102.66 and its 200 day moving average price is $95.09. Visa Inc. has a 12 month low of $75.17 and a 12 month high of $106.84. The stock has a market capitalization of $240.68 billion, a PE ratio of 39.1468 and a beta of 0.94.
Visa (NYSE:V) last posted its quarterly earnings data on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.05. Visa had a return on equity of 30.95% and a net margin of 36.53%. The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the prior year, the business earned $0.69 earnings per share. Visa’s revenue for the quarter was up 25.8% compared to the same quarter last year. Equities research analysts predict that Visa Inc. will post $3.43 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th were given a $0.165 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.62%. Visa’s dividend payout ratio is 24.54%.
In related news, EVP Tullier Kelly Mahon sold 29,772 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total value of $3,004,292.52. Following the completion of the transaction, the executive vice president now directly owns 17,360 shares of the company’s stock, valued at $1,751,797.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mary B. Cranston sold 10,400 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total value of $1,074,528.00. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.
Visa Company Profile
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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