Coordinated Financial Services Inc. CO Makes New Investment in Visa Inc. $V

Key Points

• Coordinated Financial Services Inc. purchased 4,444 shares of Visa Inc., valued at approximately $1.56 million, making Visa 1.2% of its total holdings.
• Insider activity included significant sales by executives, such as Paul D. Fabara selling 11,636 shares, indicating potential shifts in insider confidence.
• Visa's stock recently reported a 2.3% decline, with earnings surpassing analysts' expectations, showing a year-over-year revenue increase of 14.3%.

Coordinated Financial Services Inc. CO purchased a new position in shares of Visa Inc. (NYSE:V - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,444 shares of the credit-card processor's stock, valued at approximately $1,558,000. Visa makes up 1.2% of Coordinated Financial Services Inc. CO's holdings, making the stock its 19th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC raised its position in shares of Visa by 38,416.3% during the first quarter. GAMMA Investing LLC now owns 14,761,375 shares of the credit-card processor's stock worth $5,173,271,000 after purchasing an additional 14,723,050 shares during the period. Nuveen LLC purchased a new stake in Visa in the 1st quarter valued at $3,518,533,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Visa in the 4th quarter valued at $673,689,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Visa by 14.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,321,754 shares of the credit-card processor's stock valued at $4,210,207,000 after buying an additional 1,723,785 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Visa by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 161,082,431 shares of the credit-card processor's stock valued at $56,452,949,000 after buying an additional 1,677,088 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the sale, the chief executive officer owned 537 shares in the company, valued at $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the sale, the general counsel owned 11,925 shares in the company, valued at approximately $4,102,438.50. The trade was a 14.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,293 shares of company stock worth $8,114,295 over the last quarter. Insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on V. Wall Street Zen raised Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Barclays reissued an "overweight" rating and issued a $408.00 price target (up from $396.00) on shares of Visa in a research report on Thursday, July 31st. Macquarie increased their price target on Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Mizuho raised Visa from a "neutral" rating to an "outperform" rating and increased their price target for the company from $359.00 to $425.00 in a research report on Thursday, June 5th. Finally, UBS Group reaffirmed a "buy" rating and set a $415.00 target price (up from $405.00) on shares of Visa in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $385.96.

Visa Stock Performance

NYSE V traded up $1.81 on Tuesday, reaching $344.11. 4,643,732 shares of the stock were exchanged, compared to its average volume of 4,978,725. Visa Inc. has a one year low of $268.23 and a one year high of $375.51. The firm has a market capitalization of $630.68 billion, a PE ratio of 33.60, a PEG ratio of 2.28 and a beta of 0.92. The company's 50-day simple moving average is $348.26 and its two-hundred day simple moving average is $347.15. 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 (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.13. The firm had revenue of $10.17 billion for the quarter, compared to analysts' expectations of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. The company's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.42 earnings per share. Analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, August 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Visa's dividend payout ratio (DPR) is presently 23.05%.

Visa Company Profile

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.