SSA Swiss Advisors AG Purchases Shares of 12,259 Visa Inc. (NYSE:V)

Key Points

• SSA Swiss Advisors AG acquired 12,259 shares of Visa Inc., valued at approximately $4.29 million, making Visa the 8th largest holding in their investment portfolio.
• Visa reported strong financial performance with $2.98 earnings per share in the last quarter, surpassing estimates and achieving a 14.3% revenue increase compared to the previous year.
• The company announced a quarterly dividend of $0.59 per share, reflecting an annual yield of 0.67% and a payout ratio of 23.72%.

SSA Swiss Advisors AG acquired a new position in Visa Inc. (NYSE:V - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,259 shares of the credit-card processor's stock, valued at approximately $4,290,000. Visa accounts for approximately 2.2% of SSA Swiss Advisors AG's portfolio, making the stock its 8th largest holding.

Other large investors also recently modified their holdings of the company. FWL Investment Management LLC grew its stake in shares of Visa by 0.5% during the fourth quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock valued at $2,005,000 after buying an additional 29 shares during the last quarter. Yeomans Consulting Group Inc. grew its stake in Visa by 2.9% in the first quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock worth $360,000 after purchasing an additional 29 shares in the last quarter. Semus Wealth Partners LLC boosted its position in Visa by 0.8% during the 1st quarter. Semus Wealth Partners LLC now owns 3,449 shares of the credit-card processor's stock valued at $1,209,000 after acquiring an additional 29 shares in the last quarter. Capstone Financial Advisors Inc. boosted its position in Visa by 3.6% during the 4th quarter. Capstone Financial Advisors Inc. now owns 872 shares of the credit-card processor's stock valued at $276,000 after acquiring an additional 30 shares in the last quarter. Finally, Headinvest LLC boosted its position in shares of Visa by 0.8% in the 4th quarter. Headinvest LLC now owns 4,003 shares of the credit-card processor's stock worth $1,265,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 82.15% of the company's stock.

Visa Stock Performance

NYSE:V traded down $6.66 during mid-day trading on Friday, reaching $338.81. 8,655,366 shares of the stock were exchanged, compared to its average volume of 6,632,218. The company has a 50 day simple moving average of $355.36 and a 200-day simple moving average of $346.13. The stock has a market capitalization of $625.16 billion, a P/E ratio of 33.09, a P/E/G ratio of 2.36 and a beta of 0.92. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. Visa Inc. has a 1 year low of $254.51 and a 1 year high of $375.51.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.13. The firm had revenue of $10.17 billion during the quarter, compared to analysts' expectations of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%. Visa's revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.42 earnings per share. Analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Visa's dividend payout ratio is presently 23.05%.

Insider Activity

In related news, insider Paul D. Fabara sold 11,636 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total value of $4,363,500.00. Following the transaction, the insider owned 26,413 shares in the company, valued at approximately $9,904,875. The trade was a 30.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 537 shares in the company, valued at approximately $190,001.34. This represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,913 shares of company stock valued at $32,902,432 in the last ninety days. Company insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. UBS Group reaffirmed a "buy" rating and set a $415.00 price target (up previously from $405.00) on shares of Visa in a research report on Wednesday. Oppenheimer lifted their price target on Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Macquarie lifted their price target on Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft started coverage on Visa in a research note on Thursday, July 17th. They set a "buy" rating and a $410.00 price objective for the company. Finally, William Blair reiterated an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $380.84.

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.