Mawer Investment Management Ltd. cut its stake in Visa Inc. (NYSE:V - Free Report) by 13.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,497,110 shares of the credit-card processor's stock after selling 233,075 shares during the period. Visa makes up approximately 3.9% of Mawer Investment Management Ltd.'s holdings, making the stock its 6th biggest position. Mawer Investment Management Ltd. owned 0.08% of Visa worth $537,957,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. MSH Capital Advisors LLC grew its holdings in shares of Visa by 5.5% during the 3rd quarter. MSH Capital Advisors LLC now owns 10,153 shares of the credit-card processor's stock worth $3,648,000 after purchasing an additional 528 shares in the last quarter. Ibex Wealth Advisors increased its position in shares of Visa by 1.5% during the third quarter. Ibex Wealth Advisors now owns 36,674 shares of the credit-card processor's stock valued at $13,178,000 after purchasing an additional 528 shares during the period. Wellington Grp LLC increased its position in shares of Visa by 1.1% during the third quarter. Wellington Grp LLC now owns 6,490 shares of the credit-card processor's stock valued at $2,332,000 after purchasing an additional 71 shares during the period. Purkiss Capital Advisors LLC raised its stake in shares of Visa by 0.3% in the third quarter. Purkiss Capital Advisors LLC now owns 7,985 shares of the credit-card processor's stock valued at $2,869,000 after purchasing an additional 27 shares in the last quarter. Finally, Addison Advisors LLC raised its stake in shares of Visa by 9.9% in the third quarter. Addison Advisors LLC now owns 501 shares of the credit-card processor's stock valued at $180,000 after purchasing an additional 45 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.
Key Visa News
Investors following V have been watching these news items:
- Positive Sentiment: Visa’s partnerships are extending card use cases: AviaGames players can receive eligible payouts directly to Visa cards, and an Octopus agreement expands Visa QR-payment acceptance at merchants in Hong Kong. These additions may support transaction activity and international reach. AviaGames payout partnership Visa and Octopus expand QR acceptance
- Neutral Sentiment: UQPAY received Visa Associate Membership in Australia, enabling it to build card-issuing capabilities there. This supports Visa’s regional network, but the report gives no indication of near-term revenue impact. UQPAY secures Visa membership in Australia
- Negative Sentiment: Visa insider Paul Fabara sold 3,401 shares, reducing his direct holding by 9.11%. The sale was made under a pre-arranged Rule 10b5-1 plan, which may make it a less meaningful signal about the company’s outlook. Visa insider trading information
Wall Street Analyst Weigh In
Several research analysts recently commented on V shares. Susquehanna set a $480.00 target price on Visa and gave the stock a "positive" rating in a research report on Monday, October 26th. Royal Bank Of Canada reiterated an "outperform" rating and set a $466.00 price target on shares of Visa in a research note on Wednesday, October 28th. Erste Group Bank raised shares of Visa from a "hold" rating to a "buy" rating in a report on Monday, July 27th. Cantor Fitzgerald restated an "overweight" rating and issued a $500.00 price objective (up from $445.00) on shares of Visa in a research note on Wednesday, October 28th. Finally, Morgan Stanley restated an "overweight" rating and issued a $471.00 price objective (up from $416.00) on shares of Visa in a research note on Wednesday, October 28th. Two analysts have rated the stock with a Strong Buy rating and thirty-five have issued a Buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $443.35.
Read Our Latest Stock Analysis on V
Visa Price Performance
Shares of NYSE V traded up $5.24 during mid-day trading on Friday, hitting $425.55. 4,640,217 shares of the stock were exchanged, compared to its average volume of 7,084,294. Visa Inc. has a twelve month low of $293.89 and a twelve month high of $442.23. The stock's fifty day simple moving average is $390.37 and its two-hundred day simple moving average is $347.12. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $759.36 billion, a P/E ratio of 34.51, a PEG ratio of 1.79 and a beta of 0.80.
Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 EPS for the quarter, topping the consensus estimate of $3.44 by $0.04. The business had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.09 billion. Visa had a return on equity of 70.50% and a net margin of 51.20%. Visa's revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.98 EPS. As a group, analysts forecast that Visa Inc. will post 15.02 EPS for the current fiscal year.
Visa Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 10th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.12 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Visa's previous quarterly dividend of $0.67. Visa's payout ratio is 25.30%.
Insider Buying and Selling at Visa
In other Visa news, General Counsel Julie Rottenberg sold 2,028 shares of Visa stock in a transaction on Monday, August 31st. The stock was sold at an average price of $381.35, for a total value of $773,377.80. Following the completion of the transaction, the general counsel owned 18,404 shares in the company, valued at approximately $7,018,365.40. The trade was a 9.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Fabara sold 3,401 shares of the business's stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $423.09, for a total value of $1,438,929.09. Following the completion of the transaction, the insider directly owned 33,913 shares in the company, valued at approximately $14,348,251.17. This represents a 9.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 32,663 shares of company stock worth $12,634,720. 0.12% of the stock is currently owned by insiders.
Visa Company Profile
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Free Report)
Visa Inc. operates a global payments network that connects consumers, merchants, financial institutions and governments. Its network supports the authorization, clearing and settlement of electronic payments, including transactions made in person and online. The company's services include payment processing, fraud prevention, identity and risk management, and money-transfer solutions such as Visa Direct. Visa-branded credit, debit and prepaid cards are issued by participating financial institutions; Visa generally provides the network and related services rather than issuing cards or extending credit directly to consumers.
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