Visa Inc. (NYSE:V) Shares Bought by Lynwood Price Capital Management LP

Key Points

• Lynwood Price Capital Management LP has increased its stake in Visa Inc. by 370.0%, owning 23,500 shares worth approximately $8.24 million, making it the fund's 11th largest position.
• Recent analyst reports show that Visa has an average rating of "Moderate Buy" with a consensus price target of $380.84; notable upgrades include Macquarie raising its target price to $425.00.
• Visa has declared a quarterly dividend of $0.59 per share, with an ex-dividend date on August 12th, representing a 0.7% annual yield based on a payout ratio of 23.05%.

Lynwood Price Capital Management LP grew its stake in Visa Inc. (NYSE:V - Free Report) by 370.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,500 shares of the credit-card processor's stock after buying an additional 18,500 shares during the period. Visa accounts for 4.7% of Lynwood Price Capital Management LP's holdings, making the stock its 11th biggest position. Lynwood Price Capital Management LP's holdings in Visa were worth $8,236,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. FWL Investment Management LLC raised its holdings in shares of Visa by 0.5% during the fourth quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock worth $2,005,000 after purchasing an additional 29 shares during the last quarter. Yeomans Consulting Group Inc. raised its holdings in shares of Visa by 2.9% during the first quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock worth $360,000 after purchasing an additional 29 shares during the last quarter. Semus Wealth Partners LLC raised its holdings in shares of Visa by 0.8% during the first quarter. Semus Wealth Partners LLC now owns 3,449 shares of the credit-card processor's stock worth $1,209,000 after purchasing an additional 29 shares during the last quarter. Capstone Financial Advisors Inc. raised its holdings in shares of Visa by 3.6% during the fourth quarter. Capstone Financial Advisors Inc. now owns 872 shares of the credit-card processor's stock worth $276,000 after purchasing an additional 30 shares during the last quarter. Finally, Headinvest LLC raised its holdings in shares of Visa by 0.8% during the fourth quarter. Headinvest LLC now owns 4,003 shares of the credit-card processor's stock worth $1,265,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on V. Oppenheimer raised their target price on shares of Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Evercore ISI assumed coverage on shares of Visa in a report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price objective for the company. Macquarie lifted their price objective on shares of Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a report on Thursday. Morgan Stanley lifted their price objective on shares of Visa from $386.00 to $402.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, The Goldman Sachs Group assumed coverage on shares of Visa in a report on Monday, June 2nd. They issued a "neutral" rating for the company. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Visa currently has an average rating of "Moderate Buy" and a consensus price target of $380.84.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,630 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer directly owned 537 shares in the company, valued at approximately $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 46,214 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the transaction, the insider owned 26,413 shares in the company, 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. Insiders have sold 89,913 shares of company stock worth $32,902,432 over the last 90 days. 0.13% of the stock is currently owned by company insiders.

Visa Price Performance

Shares of NYSE V traded down $6.66 during trading on Friday, hitting $338.81. The company had a trading volume of 8,655,366 shares, compared to its average volume of 5,746,410. The firm has a market capitalization of $625.16 billion, a price-to-earnings ratio of 33.09, a price-to-earnings-growth ratio of 2.30 and a beta of 0.94. Visa Inc. has a fifty-two week low of $254.51 and a fifty-two week high of $375.51. The stock has a fifty day simple moving average of $355.06 and a two-hundred day simple moving average of $346.34. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 0.52.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, topping analysts' consensus estimates of $2.85 by $0.13. The firm had revenue of $10.17 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business posted $2.42 earnings per share. On average, research analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be given a dividend of $0.59 per share. 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 payout ratio is presently 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.