Running Oak Capital LLC Has $17.01 Million Stake in Visa Inc. $V

Running Oak Capital LLC raised its stake in Visa Inc. (NYSE:V - Free Report) by 2.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,894 shares of the credit-card processor's stock after acquiring an additional 1,096 shares during the quarter. Visa makes up approximately 1.9% of Running Oak Capital LLC's investment portfolio, making the stock its 17th largest position. Running Oak Capital LLC's holdings in Visa were worth $17,005,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in V. Brighton Jones LLC increased its holdings in shares of Visa by 50.1% during the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock worth $6,522,000 after buying an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Visa by 68.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock worth $3,733,000 after acquiring an additional 4,817 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in Visa by 4.7% in the 1st quarter. Wedge Capital Management L L P NC now owns 2,562 shares of the credit-card processor's stock worth $898,000 after purchasing an additional 116 shares in the last quarter. GAMMA Investing LLC raised its position in Visa by 9.9% in the first quarter. GAMMA Investing LLC now owns 42,120 shares of the credit-card processor's stock valued at $14,761,000 after purchasing an additional 3,795 shares during the last quarter. Finally, Ibex Wealth Advisors boosted its stake in shares of Visa by 7.8% during the first quarter. Ibex Wealth Advisors now owns 45,680 shares of the credit-card processor's stock valued at $16,009,000 after purchasing an additional 3,307 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 10,485 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, 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 this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the transaction, the general counsel owned 11,925 shares in the company, 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. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on V. Morgan Stanley upped their price objective on Visa from $386.00 to $402.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Erste Group Bank cut shares of Visa from a "buy" rating to a "hold" rating in a research report on Monday, September 22nd. UBS Group reiterated a "buy" rating and set a $415.00 price target (up previously from $405.00) on shares of Visa in a report on Wednesday, July 30th. Barclays reissued an "overweight" rating and issued a $408.00 price objective (up previously from $396.00) on shares of Visa in a research note on Thursday, July 31st. Finally, Macquarie raised their target price on Visa from $380.00 to $425.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. One 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. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $389.00.

Visa Trading Down 0.3%

NYSE:V opened at $351.31 on Thursday. Visa Inc. has a 52 week low of $274.42 and a 52 week high of $375.51. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. The firm's fifty day moving average is $343.66 and its 200-day moving average is $346.96. The firm has a market cap of $643.88 billion, a P/E ratio of 34.31, a P/E/G ratio of 2.09 and a beta of 0.90.

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, beating the consensus estimate of $2.85 by $0.13. The business 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 revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.42 earnings per share. Equities analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was 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%.

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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