FJ Capital Management LLC Has $1.04 Million Holdings in Visa Inc. $V

Key Points

• FJ Capital Management LLC increased its holdings in Visa Inc. by 229.5% during Q1, owning 2,952 shares worth approximately $1,035,000.
• Visa reported a quarterly earnings of $2.98 EPS, surpassing analysts' expectations of $2.85, with revenue up 14.3% year-over-year to $10.17 billion.
• The company declared a quarterly dividend of $0.59, resulting in an annualized yield of 0.7% and a payout ratio of 23.05%.

FJ Capital Management LLC grew its holdings in Visa Inc. (NYSE:V - Free Report) by 229.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,952 shares of the credit-card processor's stock after buying an additional 2,056 shares during the period. FJ Capital Management LLC's holdings in Visa were worth $1,035,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. FWL Investment Management LLC raised its holdings in shares of Visa by 0.5% in the 4th quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock valued at $2,005,000 after purchasing an additional 29 shares in the last quarter. Yeomans Consulting Group Inc. increased its holdings in shares of Visa by 2.9% during the 1st quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock valued at $360,000 after purchasing an additional 29 shares in the last quarter. Semus Wealth Partners LLC lifted its position in shares of 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 buying an additional 29 shares in the last quarter. Headinvest LLC boosted its holdings in 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 buying an additional 30 shares during the last quarter. Finally, Kennebec Savings Bank lifted its stake in Visa by 0.9% in the 1st quarter. Kennebec Savings Bank now owns 3,372 shares of the credit-card processor's stock worth $1,182,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 82.15% of the company's stock.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the sale, the chief executive officer owned 537 shares in the company, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the business's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the transaction, the general counsel owned 11,925 shares of the company's stock, valued at $4,102,438.50. This represents a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 68,507 shares of company stock worth $25,213,475. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. The Goldman Sachs Group started coverage on Visa in a research note on Monday, June 2nd. They issued a "neutral" rating on the stock. Citigroup began coverage on shares of Visa in a report on Monday, June 2nd. They issued a "buy" rating on the stock. UBS Group reiterated a "buy" rating and set a $415.00 price target (up from $405.00) on shares of Visa in a research note on Wednesday, July 30th. Morgan Stanley boosted their price objective on Visa from $386.00 to $402.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Finally, Truist Financial reduced their price objective on Visa from $400.00 to $397.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $383.17.

Visa Trading Up 0.1%

Shares of Visa stock traded up $0.28 during trading hours on Wednesday, hitting $350.35. The company's stock had a trading volume of 4,035,793 shares, compared to its average volume of 5,490,003. The business has a fifty day moving average of $348.47 and a 200 day moving average of $347.36. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. Visa Inc. has a 1-year low of $268.23 and a 1-year high of $375.51. The company has a market capitalization of $642.11 billion, a PE ratio of 31.41, a P/E/G ratio of 2.34 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, beating the consensus estimate of $2.85 by $0.13. The company 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%.The business's revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.42 EPS. As a group, equities analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

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

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.