R Squared Ltd Raises Stock Holdings in Visa Inc. $V

R Squared Ltd raised its holdings in shares of Visa Inc. (NYSE:VFree Report) by 172.3% in the first quarter, Holdings Channel.com reports. The firm owned 6,456 shares of the credit-card processor’s stock after buying an additional 4,085 shares during the period. Visa comprises 1.1% of R Squared Ltd’s portfolio, making the stock its 11th largest holding. R Squared Ltd’s holdings in Visa were worth $1,951,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Visa by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 160,975,832 shares of the credit-card processor’s stock worth $56,455,834,000 after buying an additional 1,054,343 shares in the last quarter. State Street Corp raised its holdings in Visa by 0.8% in the fourth quarter. State Street Corp now owns 82,798,151 shares of the credit-card processor’s stock valued at $29,038,140,000 after acquiring an additional 626,821 shares in the last quarter. Geode Capital Management LLC boosted its stake in Visa by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 44,042,586 shares of the credit-card processor’s stock valued at $15,411,395,000 after acquiring an additional 388,996 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Visa by 1.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,092,294 shares of the credit-card processor’s stock valued at $14,411,480,000 after acquiring an additional 716,218 shares during the last quarter. Finally, Capital World Investors grew its holdings in Visa by 0.8% during the 3rd quarter. Capital World Investors now owns 24,792,246 shares of the credit-card processor’s stock worth $8,463,484,000 after acquiring an additional 193,288 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Trading Down 1.4%

Visa stock opened at $352.21 on Wednesday. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $365.02. The firm’s 50-day moving average is $328.99 and its 200-day moving average is $324.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $631.79 billion, a P/E ratio of 30.68, a PEG ratio of 1.91 and a beta of 0.75.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.21. Visa had a net margin of 51.68% and a return on equity of 65.00%. The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.75 billion. During the same quarter in the prior year, the firm earned $2.76 EPS. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. On average, equities analysts expect that Visa Inc. will post 13.1 earnings per share for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, May 12th. Visa’s dividend payout ratio is presently 23.34%.

Visa declared that its board has initiated a share repurchase plan on Tuesday, April 28th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the credit-card processor to purchase up to 3.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Visa News Summary

Here are the key news stories impacting Visa this week:

Analysts Set New Price Targets

A number of brokerages have recently issued reports on V. Oppenheimer restated an “outperform” rating and issued a $403.00 target price (up from $391.00) on shares of Visa in a research note on Wednesday, April 29th. Weiss Ratings raised Visa from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Cantor Fitzgerald restated an “overweight” rating and set a $400.00 price objective on shares of Visa in a research note on Wednesday, April 29th. Robert W. Baird set a $412.00 target price on Visa and gave the stock an “outperform” rating in a report on Monday. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $450.00 target price on shares of Visa in a research report on Tuesday, June 2nd. Six investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $397.39.

Get Our Latest Analysis on V

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 10,490 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $343.99, for a total value of $3,608,455.10. Following the sale, the chief executive officer owned 15,174 shares of the company’s stock, valued at approximately $5,219,704.26. This trade represents a 40.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chris Suh sold 10,639 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total value of $3,455,653.59. Following the transaction, the chief financial officer owned 9,872 shares of the company’s stock, valued at approximately $3,206,524.32. The trade was a 51.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 75,581 shares of company stock worth $25,627,975. 0.12% of the stock is currently owned by company insiders.

Visa Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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