Seilern Investment Management Ltd Has $7.02 Million Stake in Visa Inc. $V

Key Points

• Seilern Investment Management Ltd reduced its stake in Visa Inc. by 18.8%, owning 19,761 shares valued at approximately $7.02 million as of the end of the second quarter.
• Visa's latest earnings report showed an EPS of $2.98, exceeding estimates, with quarterly revenue reaching $10.17 billion, a 14.3% increase year-over-year.
• Analysts have a generally positive outlook on Visa, with ratings including a "buy" from UBS Group and a target price increase to $415.00 per share.

Seilern Investment Management Ltd decreased its position in Visa Inc. (NYSE:V - Free Report) by 18.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,761 shares of the credit-card processor's stock after selling 4,579 shares during the period. Visa makes up 0.5% of Seilern Investment Management Ltd's holdings, making the stock its 22nd biggest holding. Seilern Investment Management Ltd's holdings in Visa were worth $7,016,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of V. Keystone Global Partners LLC acquired a new position in Visa in the first quarter valued at $26,000. von Borstel & Associates Inc. acquired a new position in Visa in the first quarter valued at $27,000. 1 North Wealth Services LLC acquired a new position in Visa in the first quarter valued at $38,000. Anderson Financial Strategies LLC acquired a new position in Visa in the first quarter valued at $53,000. Finally, O Brien Wealth Partners LLC acquired a new position in Visa in the first quarter valued at $54,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Trading Down 1.2%

NYSE:V opened at $339.33 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a 50-day moving average of $347.03 and a 200-day moving average of $346.92. The company has a market cap of $621.92 billion, a PE ratio of 33.14, a PEG ratio of 2.29 and a beta of 0.92. Visa Inc. has a one year low of $268.23 and a one year high of $375.51.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 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 firm's revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.42 earnings per share. As a group, equities research analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th were given 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 dividend yield of 0.7%. Visa's payout ratio is presently 23.05%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on V shares. 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. Deutsche Bank Aktiengesellschaft began coverage on shares of Visa in a report on Thursday, July 17th. They set a "buy" rating and a $410.00 price objective on the stock. Morgan Stanley upped their price objective on shares of Visa from $386.00 to $402.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Mizuho upgraded shares of Visa from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $359.00 to $425.00 in a report on Thursday, June 5th. Finally, Raymond James Financial reiterated an "outperform" rating on shares of Visa in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $385.96.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the 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 completion of the sale, the general counsel owned 11,925 shares of the company's stock, valued at approximately $4,102,438.50. This trade represents a 14.53% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company's stock.

Visa 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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