Roundview Capital LLC Boosts Stock Holdings in Visa Inc. $V

Key Points

• Roundview Capital LLC increased its stake in Visa Inc. by 6.1% during the second quarter, making Visa 1.2% of its portfolio with holdings worth $18.1 million.
• CEO Ryan Mcinerney sold 10,485 shares of Visa, significantly reducing his ownership by 95.13%, with proceeds totaling over $3.5 million.
• Analysts have given Visa a consensus rating of Moderate Buy, with an average price target of $389.00, reflecting continued confidence in the company's performance.

Roundview Capital LLC boosted its stake in shares of Visa Inc. (NYSE:V - Free Report) by 6.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,079 shares of the credit-card processor's stock after acquiring an additional 2,943 shares during the period. Visa accounts for 1.2% of Roundview Capital LLC's portfolio, making the stock its 15th largest holding. Roundview Capital LLC's holdings in Visa were worth $18,135,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Sachetta LLC grew its stake in Visa by 16.4% during the second quarter. Sachetta LLC now owns 489 shares of the credit-card processor's stock valued at $174,000 after acquiring an additional 69 shares in the last quarter. Sunbeam Capital Management LLC grew its stake in Visa by 10.1% during the second quarter. Sunbeam Capital Management LLC now owns 1,711 shares of the credit-card processor's stock valued at $607,000 after acquiring an additional 157 shares in the last quarter. CFM Wealth Partners LLC grew its stake in Visa by 2.1% during the second quarter. CFM Wealth Partners LLC now owns 45,440 shares of the credit-card processor's stock valued at $16,134,000 after acquiring an additional 945 shares in the last quarter. KLP Kapitalforvaltning AS grew its stake in Visa by 2.8% during the second quarter. KLP Kapitalforvaltning AS now owns 736,262 shares of the credit-card processor's stock valued at $261,410,000 after acquiring an additional 20,300 shares in the last quarter. Finally, RMG Wealth Management LLC purchased a new position in Visa during the second quarter valued at $52,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the completion of the sale, the chief executive officer owned 537 shares in the company, valued at $183,815.10. This trade represents a 95.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $697,328.54. Following the sale, the general counsel owned 11,925 shares of the company's stock, valued at $4,102,438.50. The trade was a 14.53% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on V shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Visa in a research note on Wednesday. UBS Group reissued a "buy" rating and issued a $415.00 price objective (up from $405.00) on shares of Visa in a research note on Wednesday, July 30th. Barclays reissued an "overweight" rating and issued a $408.00 price objective (up from $396.00) on shares of Visa in a research note on Thursday, July 31st. Deutsche Bank Aktiengesellschaft began coverage on shares of Visa in a research note on Thursday, July 17th. They issued a "buy" rating and a $410.00 price objective for the company. Finally, Robert W. Baird set a $410.00 price objective on shares of Visa and gave the stock an "outperform" rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $389.00.

Visa Price Performance

Visa stock opened at $343.63 on Friday. The firm has a 50-day moving average price of $343.77 and a 200-day moving average price of $346.97. The firm has a market capitalization of $629.79 billion, a PE ratio of 33.56, a price-to-earnings-growth ratio of 2.06 and a beta of 0.90. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. Visa Inc. has a 12-month low of $275.37 and a 12-month high of $375.51.

Visa (NYSE:V - Get Free Report) last released its 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 firm had revenue of $10.17 billion during 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%. The business's revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the business earned $2.42 EPS. As a group, equities research analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, August 12th. Visa's dividend payout ratio (DPR) is 23.05%.

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.

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