IFM Investors Pty Ltd Buys 13,728 Shares of Visa Inc. $V

Key Points

• IFM Investors Pty Ltd increased its stake in Visa Inc. by 4.4%, acquiring a total of 326,588 shares valued at approximately $114 million.
• Visa reported earnings of $2.98 EPS for the last quarter, exceeding expectations and marking a 14.3% year-over-year revenue increase to $10.17 billion.
• Institutional investors own 82.15% of Visa's stock, indicating strong institutional confidence in the company.

IFM Investors Pty Ltd increased its stake in shares of Visa Inc. (NYSE:V - Free Report) by 4.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 326,588 shares of the credit-card processor's stock after purchasing an additional 13,728 shares during the quarter. Visa makes up approximately 1.2% of IFM Investors Pty Ltd's portfolio, making the stock its 13th largest position. IFM Investors Pty Ltd's holdings in Visa were worth $114,456,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its position in Visa by 50.1% in the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock worth $6,522,000 after buying an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in Visa by 68.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock worth $3,733,000 after buying an additional 4,817 shares in the last quarter. LMR Partners LLP purchased a new stake in Visa in the 4th quarter worth approximately $2,467,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Visa by 5.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227,924 shares of the credit-card processor's stock worth $72,033,000 after buying an additional 12,298 shares in the last quarter. Finally, Minot DeBlois Advisors LLC purchased a new stake in Visa in the 4th quarter worth approximately $67,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of the business's stock in a transaction 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,630 shares of the business's stock in a transaction 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 completion of the sale, the chief executive officer owned 537 shares in the company, valued at $190,001.34. This represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

Visa Stock Performance

V stock traded up $5.16 on Thursday, reaching $343.28. 5,152,779 shares of the company were exchanged, compared to its average volume of 4,970,029. Visa Inc. has a 12 month low of $268.23 and a 12 month high of $375.51. The stock's fifty day moving average price is $347.41 and its 200 day moving average price is $347.03. The firm has a market capitalization of $629.16 billion, a PE ratio of 33.52, a PEG ratio of 2.25 and a beta of 0.92. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12.

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

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa's payout ratio is 23.05%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Barclays reiterated an "overweight" rating and issued a $408.00 target price (up previously from $396.00) on shares of Visa in a research report on Thursday, July 31st. Truist Financial reduced their target price on shares of Visa from $400.00 to $397.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Visa in a research note on Thursday, July 17th. They issued a "buy" rating and a $410.00 target price for the company. Morgan Stanley lifted their target price on shares of Visa from $386.00 to $402.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Finally, Jefferies Financial Group lifted their target price on shares of Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Visa has an average rating of "Moderate Buy" and an average price target of $385.96.

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.