Junto Capital Management LP Boosts Stock Holdings in Visa Inc. $V

Key Points

• Junto Capital Management LP increased its stake in Visa Inc. by 7.8% during the first quarter, now holding 156,007 shares valued at approximately $54.67 million.
• Visa recently reported better-than-expected earnings with $2.98 EPS against a consensus estimate of $2.85, and revenue of $10.17 billion, reflecting a year-over-year growth of 14.3%.
• Analysts have a consensus target price of $380.84 for Visa, with most rating the stock as a "Moderate Buy."

Junto Capital Management LP raised its holdings in Visa Inc. (NYSE:V - Free Report) by 7.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 156,007 shares of the credit-card processor's stock after buying an additional 11,316 shares during the period. Visa comprises about 1.1% of Junto Capital Management LP's holdings, making the stock its 26th largest position. Junto Capital Management LP's holdings in Visa were worth $54,674,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Keystone Global Partners LLC bought a new position in shares of Visa in the first quarter valued at $26,000. von Borstel & Associates Inc. bought a new position in shares of Visa in the first quarter valued at $27,000. Measured Risk Portfolios Inc. bought a new position in shares of Visa in the fourth quarter valued at $47,000. O Brien Wealth Partners LLC bought a new position in shares of Visa in the first quarter valued at $54,000. Finally, Global X Japan Co. Ltd. bought a new position in shares of Visa in the first quarter valued at $56,000. 82.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on V shares. Oppenheimer increased their target price on shares of Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Visa in a report on Thursday, July 17th. They issued a "buy" rating and a $410.00 target price for the company. Jefferies Financial Group increased their target price on shares of Visa from $400.00 to $410.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Morgan Stanley increased their target price on shares of Visa from $386.00 to $402.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Finally, UBS Group reiterated a "buy" rating and issued a $415.00 target price (up previously from $405.00) on shares of Visa in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $380.84.

Visa Stock Performance

NYSE V traded up $2.06 during trading hours on Friday, reaching $351.92. 3,670,969 shares of the company were exchanged, compared to its average volume of 5,856,767. Visa Inc. has a 1 year low of $268.23 and a 1 year high of $375.51. The business's 50 day simple moving average is $348.35 and its 200-day simple moving average is $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. The stock has a market capitalization of $645.00 billion, a P/E ratio of 34.37, a P/E/G ratio of 2.34 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $9.82 billion. During the same quarter last year, the company posted $2.42 earnings per share. The firm's quarterly revenue was up 14.3% compared to the same quarter last year. On average, equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business 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 dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, August 12th. Visa's dividend payout ratio (DPR) is 23.05%.

Insider Buying and Selling

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction dated 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 in the company, valued at $4,102,438.50. This trade represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the completion of the transaction, the insider owned 26,413 shares of the company's stock, valued at $9,904,875. The trade was a 30.58% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,127 shares of company stock worth $28,340,553. Insiders own 0.13% of the company's stock.

Visa 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.