PDS Planning Inc Has $4.27 Million Position in Visa Inc. $V

PDS Planning Inc increased its stake in shares of Visa Inc. (NYSE:V - Free Report) by 18.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,033 shares of the credit-card processor's stock after buying an additional 1,897 shares during the quarter. PDS Planning Inc's holdings in Visa were worth $4,272,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Bender Robert & Associates grew its position in Visa by 4.2% during the second quarter. Bender Robert & Associates now owns 1,051 shares of the credit-card processor's stock worth $373,000 after buying an additional 42 shares in the last quarter. Blue Trust Inc. grew its position in Visa by 2.6% during the second quarter. Blue Trust Inc. now owns 14,248 shares of the credit-card processor's stock worth $5,059,000 after buying an additional 366 shares in the last quarter. Fourpath Capital Management LLC grew its position in Visa by 2.9% during the second quarter. Fourpath Capital Management LLC now owns 2,874 shares of the credit-card processor's stock worth $1,020,000 after buying an additional 80 shares in the last quarter. Robertson Stephens Wealth Management LLC grew its position in Visa by 1.9% during the second quarter. Robertson Stephens Wealth Management LLC now owns 27,806 shares of the credit-card processor's stock worth $9,873,000 after buying an additional 513 shares in the last quarter. Finally, Aurora Private Wealth Inc. grew its position in Visa by 7.9% during the second quarter. Aurora Private Wealth Inc. now owns 915 shares of the credit-card processor's stock worth $325,000 after buying an additional 67 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Stock Up 1.5%

Shares of NYSE:V opened at $348.39 on Wednesday. The company has a fifty day moving average of $344.01 and a 200-day moving average of $346.98. The company has a market capitalization of $638.53 billion, a PE ratio of 34.02, a price-to-earnings-growth ratio of 2.03 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 52-week low of $278.35 and a 52-week 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.13. The company had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. The company's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.42 earnings per share. On average, equities analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

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

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 10,485 shares of the business's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total value of $3,589,015.50. Following the sale, the chief executive officer owned 537 shares of the company's stock, valued at $183,815.10. The trade was a 95.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the sale, the general counsel directly owned 11,925 shares in the company, valued at approximately $4,102,438.50. This represents a 14.53% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Morgan Stanley boosted their price objective on shares of Visa from $386.00 to $402.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Robert W. Baird set a $410.00 price objective on shares of Visa and gave the company an "outperform" rating in a research report on Monday, October 6th. Weiss Ratings restated a "buy (b)" rating on shares of Visa in a research report on Wednesday, October 8th. Raymond James Financial restated an "outperform" rating on shares of Visa in a research report on Wednesday, July 30th. Finally, Macquarie boosted their price objective on shares of Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $389.00.

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.

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