Nutshell Asset Management Ltd Purchases Shares of 4,800 Visa Inc. (NYSE:V)

Key Points

• Nutshell Asset Management Ltd acquired a new position in Visa Inc. by purchasing 4,800 shares valued at approximately $1.68 million, making it the 23rd largest position in their portfolio.
• Visa reported a quarterly EPS of $2.98, exceeding estimates and reflecting a 14.3% increase in revenue year-over-year, with net earnings driven by a high net margin of 52.16%.
• The company declared a quarterly dividend of $0.59 per share, representing an annual yield of 0.7%, with a payout ratio of 23.05%.

Nutshell Asset Management Ltd acquired a new stake in shares of Visa Inc. (NYSE:V - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,800 shares of the credit-card processor's stock, valued at approximately $1,682,000. Visa accounts for 0.9% of Nutshell Asset Management Ltd's investment portfolio, making the stock its 23rd largest holding.

Several other institutional investors have also recently made changes to their positions in the stock. Swiss National Bank raised its holdings in shares of Visa by 3.4% in the 1st quarter. Swiss National Bank now owns 4,877,500 shares of the credit-card processor's stock worth $1,709,369,000 after acquiring an additional 158,500 shares during the last quarter. AlphaCore Capital LLC raised its holdings in shares of Visa by 72.4% in the 1st quarter. AlphaCore Capital LLC now owns 27,272 shares of the credit-card processor's stock worth $9,555,000 after acquiring an additional 11,453 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Visa by 2.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,685,539 shares of the credit-card processor's stock worth $2,342,967,000 after acquiring an additional 140,669 shares during the last quarter. Y.D. More Investments Ltd raised its holdings in shares of Visa by 6.9% in the 1st quarter. Y.D. More Investments Ltd now owns 19,650 shares of the credit-card processor's stock worth $6,886,000 after acquiring an additional 1,273 shares during the last quarter. Finally, Accuvest Global Advisors acquired a new stake in shares of Visa in the 1st quarter worth about $1,346,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction dated Tuesday, July 1st. The stock was 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 approximately $190,001.34. This trade represents a 94.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 11,636 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total value of $4,363,500.00. Following the transaction, the insider directly 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. Insiders have sold 75,100 shares of company stock valued at $27,643,224 in the last three months. 0.13% of the stock is owned by corporate insiders.

Visa Stock Performance

Shares of V stock traded up $4.77 during trading on Friday, reaching $336.86. 6,071,880 shares of the company's stock traded hands, compared to its average volume of 6,371,769. The company has a market capitalization of $621.56 billion, a P/E ratio of 32.90, a PEG ratio of 2.25 and a beta of 0.94. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The firm's 50-day moving average is $352.79 and its 200 day moving average is $347.13. Visa Inc. has a 1 year low of $258.74 and a 1 year high of $375.51.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, beating analysts' consensus estimates of $2.85 by $0.13. The company 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%. Visa's revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.42 EPS. Equities research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $2.36 annualized dividend and a yield of 0.7%. Visa's dividend payout ratio (DPR) is currently 23.05%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on V. UBS Group restated 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. Citigroup initiated coverage on shares of Visa in a research report on Monday, June 2nd. They issued a "buy" rating for the company. Raymond James Financial reaffirmed an "outperform" rating on shares of Visa in a research report on Wednesday, July 30th. Piper Sandler upped their price objective on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Finally, Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Five equities 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 company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $380.84.

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.