Capital Analysts LLC Increases Stock Holdings in Visa Inc. $V

Key Points

• Capital Analysts LLC increased its stake in Visa Inc. by 2.6%, now holding 50,010 shares worth approximately $17.5 million.
• Visa reported $2.98 EPS for the last quarter, exceeding estimates, with revenue increasing 14.3% year-over-year.
• The company declared a quarterly dividend of $0.59 per share, with a payment date set for September 2nd, representing an annualized yield of 0.7%.

Capital Analysts LLC increased its stake in Visa Inc. (NYSE:V - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,010 shares of the credit-card processor's stock after acquiring an additional 1,269 shares during the quarter. Capital Analysts LLC's holdings in Visa were worth $17,527,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Keystone Global Partners LLC purchased a new stake in shares of Visa during the first quarter worth about $26,000. von Borstel & Associates Inc. acquired a new stake in Visa in the 1st quarter worth about $27,000. Measured Risk Portfolios Inc. purchased a new stake in Visa during the 4th quarter worth approximately $47,000. Navigoe LLC purchased a new stake in Visa during the 4th quarter worth approximately $53,000. Finally, O Brien Wealth Partners LLC acquired a new position in shares of Visa during the first quarter valued at approximately $54,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Trading Down 0.1%

Shares of V stock opened at $342.51 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. Visa Inc. has a twelve month low of $265.31 and a twelve month high of $375.51. The company's 50-day moving average price is $349.13 and its 200-day moving average price is $347.41. The stock has a market cap of $627.75 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 2.28 and a beta of 0.94.

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

Visa Dividend Announcement

The firm 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. The ex-dividend date is Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Visa's dividend payout ratio is currently 23.05%.

Wall Street Analyst Weigh In

V has been the topic of a number of research analyst reports. Jefferies Financial Group lifted their price target on Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Raymond James Financial reaffirmed an "outperform" rating on shares of Visa in a research note on Wednesday, July 30th. The Goldman Sachs Group initiated coverage on shares of Visa in a research report on Monday, June 2nd. They issued a "neutral" rating for the company. Macquarie raised their price target on shares of Visa from $380.00 to $425.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, Piper Sandler upped their price objective on shares of Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Visa presently has a consensus rating of "Moderate Buy" and a consensus price target of $380.84.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,630 shares of the company's stock in a transaction 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 owned 537 shares of the company's stock, valued at $190,001.34. This represents a 94.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul D. Fabara sold 46,214 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $370.00, for a total value of $17,099,180.00. Following the sale, the insider directly owned 26,413 shares of the company's stock, valued at $9,772,810. The trade was a 63.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 77,127 shares of company stock worth $28,340,553. Company insiders own 0.13% of the company's stock.

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.

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