Odyssean LLC Invests $3.04 Million in Visa Inc. $V

Odyssean LLC bought a new stake in Visa Inc. (NYSE:V - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,866 shares of the credit-card processor's stock, valued at approximately $3,042,000.

Several other hedge funds also recently made changes to their positions in V. Parvin Asset Management LLC lifted its position in Visa by 200.0% during the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor's stock valued at $26,000 after buying an additional 50 shares during the period. Virtus Advisers LLC bought a new stake in shares of Visa during the 2nd quarter valued at $33,000. RHL Group LLC purchased a new stake in shares of Visa in the 4th quarter worth about $34,000. Timmons Wealth Management LLC purchased a new stake in shares of Visa in the 4th quarter worth about $34,000. Finally, Copos Capital S.a r.l. bought a new position in shares of Visa in the 4th quarter worth about $35,000. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Performance

Shares of Visa stock opened at $374.46 on Friday. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $385.57. The firm's 50-day moving average is $363.63 and its 200 day moving average is $333.27. The stock has a market cap of $668.20 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 2.03 and a beta of 0.76. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.99.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share for the quarter, beating analysts' consensus estimates of $3.23 by $0.09. The business had revenue of $11.63 billion during the quarter, compared to analyst estimates of $11.40 billion. Visa had a net margin of 50.78% and a return on equity of 67.68%. Visa's revenue was up 14.4% compared to the same quarter last year. During the same period last year, the business earned $2.98 EPS. Sell-side analysts anticipate that Visa Inc. will post 13.16 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $2.68 annualized dividend and a dividend yield of 0.7%. Visa's dividend payout ratio (DPR) is 22.79%.

Insider Activity at Visa

In related news, General Counsel Julie Rottenberg sold 2,028 shares of the business's stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $381.35, for a total value of $773,377.80. Following the completion of the transaction, the general counsel directly owned 18,404 shares in the company, valued at $7,018,365.40. The trade was a 9.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Tullier Mahon sold 57,272 shares of the company's stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $364.97, for a total value of $20,902,561.84. Following the completion of the transaction, the insider directly owned 49,662 shares in the company, valued at $18,125,140.14. This trade represents a 53.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 104,537 shares of company stock valued at $37,540,837 over the last 90 days. Corporate insiders own 0.12% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on V. Wolfe Research reissued an "outperform" rating and set a $460.00 price target (up from $435.00) on shares of Visa in a research report on Tuesday, August 25th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $432.00 target price (up from $412.00) on shares of Visa in a research note on Thursday, July 30th. Sanford C. Bernstein reissued an "outperform" rating and issued a $450.00 price target on shares of Visa in a research report on Tuesday, June 2nd. Susquehanna reissued a "positive" rating and issued a $427.00 price target (up from $410.00) on shares of Visa in a research report on Wednesday, July 29th. Finally, Clear Str upgraded Visa to a "strong-buy" rating in a research note on Thursday, July 16th. Seven analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the stock. According to data from MarketBeat, Visa presently has a consensus rating of "Buy" and an average price target of $416.62.

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world's largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa's network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa's product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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