8,344 Shares in Visa Inc. $V Acquired by Stevens Capital Management LP

Stevens Capital Management LP bought a new position in shares of Visa Inc. (NYSE:V) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 8,344 shares of the credit-card processor’s stock, valued at approximately $2,963,000.

Several other large investors have also modified their holdings of V. CenterBook Partners LP increased its position in shares of Visa by 6.9% during the 2nd quarter. CenterBook Partners LP now owns 99,717 shares of the credit-card processor’s stock worth $35,405,000 after purchasing an additional 6,419 shares during the last quarter. AlphaCore Capital LLC lifted its position in Visa by 6.7% in the second quarter. AlphaCore Capital LLC now owns 29,095 shares of the credit-card processor’s stock valued at $10,330,000 after buying an additional 1,823 shares during the last quarter. Mufg Securities Americas Inc. boosted its stake in Visa by 24.3% during the second quarter. Mufg Securities Americas Inc. now owns 37,920 shares of the credit-card processor’s stock worth $13,463,000 after buying an additional 7,415 shares during the period. Evelyn Partners Investment Management Services Ltd increased its position in shares of Visa by 25.2% during the second quarter. Evelyn Partners Investment Management Services Ltd now owns 124,417 shares of the credit-card processor’s stock valued at $42,522,000 after acquiring an additional 25,058 shares during the last quarter. Finally, Evelyn Partners Asset Management Ltd raised its stake in shares of Visa by 103.0% in the 2nd quarter. Evelyn Partners Asset Management Ltd now owns 70,460 shares of the credit-card processor’s stock valued at $25,017,000 after acquiring an additional 35,748 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on V shares. UBS Group set a $425.00 price objective on shares of Visa and gave the stock a “buy” rating in a report on Wednesday, October 29th. Robert W. Baird set a $425.00 price target on Visa in a research note on Wednesday, October 29th. KeyCorp reaffirmed an “overweight” rating and issued a $405.00 price objective on shares of Visa in a research note on Wednesday, October 22nd. Raymond James Financial reiterated an “outperform” rating and issued a $408.00 price objective (up previously from $398.00) on shares of Visa in a report on Wednesday, October 29th. Finally, Wells Fargo & Company upgraded Visa to a “strong-buy” rating in a report on Wednesday, October 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average price target of $400.00.

Insiders Place Their Bets

In other news, Director Lloyd Carney sold 900 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $336.48, for a total transaction of $302,832.00. Following the completion of the transaction, the director directly owned 2,468 shares of the company’s stock, valued at approximately $830,432.64. This represents a 26.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $341.00, for a total value of $3,575,385.00. Following the completion of the transaction, the chief executive officer owned 537 shares in the company, valued at approximately $183,117. The trade was a 95.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 24,042 shares of company stock valued at $8,175,152 in the last ninety days. Insiders own 0.13% of the company’s stock.

Visa Stock Up 1.4%

Shares of NYSE:V opened at $328.24 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.53. Visa Inc. has a fifty-two week low of $299.00 and a fifty-two week high of $375.51. The stock has a market cap of $597.97 billion, a price-to-earnings ratio of 32.15, a price-to-earnings-growth ratio of 1.92 and a beta of 0.87. The firm’s 50 day moving average price is $340.46 and its 200 day moving average price is $347.92.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.01. The business had revenue of $10.72 billion for the quarter, compared to analyst estimates of $10.60 billion. Visa had a net margin of 50.15% and a return on equity of 60.31%. The company’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the business earned $2.71 EPS. As a group, equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be paid a $0.67 dividend. This is a boost from Visa’s previous quarterly dividend of $0.59. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, November 12th. Visa’s payout ratio is 26.25%.

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.