Visa Inc. (NYSE:V) is Gouws Capital LLC’s 3rd Largest Position

Gouws Capital LLC increased its holdings in Visa Inc. (NYSE:V) by 1.7% in the first quarter, Holdings Channel.com reports. The firm owned 32,638 shares of the credit-card processor’s stock after purchasing an additional 536 shares during the period. Visa accounts for 6.9% of Gouws Capital LLC’s investment portfolio, making the stock its 3rd largest holding. Gouws Capital LLC’s holdings in Visa were worth $11,438,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Trust Asset Management LLC grew its position in shares of Visa by 8.3% in the first quarter. Trust Asset Management LLC now owns 19,899 shares of the credit-card processor’s stock valued at $6,974,000 after purchasing an additional 1,523 shares during the period. Public Sector Pension Investment Board grew its position in shares of Visa by 1.4% in the first quarter. Public Sector Pension Investment Board now owns 736,751 shares of the credit-card processor’s stock valued at $258,202,000 after purchasing an additional 9,998 shares during the period. Mainsail Asset Management LLC boosted its holdings in Visa by 3.8% in the first quarter. Mainsail Asset Management LLC now owns 1,842 shares of the credit-card processor’s stock valued at $646,000 after acquiring an additional 67 shares during the last quarter. WP Advisors LLC boosted its holdings in Visa by 4.3% in the first quarter. WP Advisors LLC now owns 24,164 shares of the credit-card processor’s stock valued at $8,469,000 after acquiring an additional 1,000 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in Visa by 8.0% in the first quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 1,521 shares of the credit-card processor’s stock valued at $527,000 after acquiring an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on V. UBS Group reiterated a “buy” rating and issued a $415.00 target price (up previously from $405.00) on shares of Visa in a report on Wednesday, July 30th. William Blair reiterated an “outperform” rating on shares of Visa in a report on Wednesday, April 30th. BMO Capital Markets lifted their target price on Visa from $370.00 to $380.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Oppenheimer lifted their target price on Visa from $390.00 to $391.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Finally, Barclays reiterated an “overweight” rating and issued a $408.00 target price (up previously from $396.00) on shares of Visa in a report on Thursday, July 31st. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $380.84.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,630 shares of the business’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the sale, the chief executive officer directly owned 537 shares of the company’s stock, valued at $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul D. Fabara sold 11,636 shares of the business’s stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total value of $4,363,500.00. Following the completion of the sale, the insider directly owned 26,413 shares of the company’s stock, valued at approximately $9,904,875. This represents a 30.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 75,100 shares of company stock valued at $27,643,224. 0.13% of the stock is owned by corporate insiders.

Visa Trading Up 1.4%

NYSE:V opened at $336.86 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $617.39 billion, a price-to-earnings ratio of 32.90, a price-to-earnings-growth ratio of 2.25 and a beta of 0.94. Visa Inc. has a one year low of $258.74 and a one year high of $375.51. The business’s 50-day simple moving average is $352.79 and its 200 day simple moving average is $347.26.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.13. The firm had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%. Visa’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.42 earnings per share. As a group, sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 12th. Visa’s payout ratio is currently 23.05%.

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.