Soros Capital Management LLC Grows Stock Position in Visa Inc. $V

Key Points

• Soros Capital Management LLC increased its stake in Visa Inc. by 83.4%, owning a total of 22,870 shares valued at approximately $8.02 million as of the latest SEC filing.
• Institutional investors own 82.15% of Visa's stock, with significant increases from several funds, including Brighton Jones LLC and Boothbay Fund Management LLC.
• Visa reported a quarterly earnings per share of $2.98, exceeding analysts' expectations and reflecting a 14.3% year-over-year revenue growth.

Soros Capital Management LLC grew its stake in Visa Inc. (NYSE:V - Free Report) by 83.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,870 shares of the credit-card processor's stock after purchasing an additional 10,403 shares during the period. Visa makes up about 2.1% of Soros Capital Management LLC's holdings, making the stock its 17th largest holding. Soros Capital Management LLC's holdings in Visa were worth $8,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in Visa by 50.1% during the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock worth $6,522,000 after purchasing an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in Visa by 68.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock valued at $3,733,000 after buying an additional 4,817 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in Visa by 35.7% in the fourth quarter. Lord Abbett & CO. LLC now owns 9,487 shares of the credit-card processor's stock valued at $2,998,000 after buying an additional 2,496 shares in the last quarter. Boothbay Fund Management LLC raised its stake in Visa by 83.5% in the fourth quarter. Boothbay Fund Management LLC now owns 6,375 shares of the credit-card processor's stock valued at $2,015,000 after buying an additional 2,900 shares in the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management raised its stake in Visa by 4.4% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 6,065 shares of the credit-card processor's stock valued at $1,917,000 after buying an additional 253 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction on 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 transaction, the chief executive officer directly owned 537 shares in the company, valued at approximately $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 46,214 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the completion of the sale, the insider owned 26,413 shares of the company's stock, valued at $9,772,810. This trade represents a 63.63% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,127 shares of company stock worth $28,340,553. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

V has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Visa in a research note on Thursday, July 17th. They issued a "buy" rating and a $410.00 price target on the stock. UBS Group restated a "buy" rating and issued a $415.00 price target (up from $405.00) on shares of Visa in a research note on Wednesday, July 30th. 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 research note on Wednesday, July 30th. Oppenheimer upped their price objective on shares of Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Citigroup started coverage on shares of Visa in a research note on Monday, June 2nd. They issued a "buy" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $380.84.

Visa Trading Up 1.6%

NYSE V opened at $349.3180 on Monday. 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 has a market cap of $640.23 billion, a PE ratio of 34.11, a P/E/G ratio of 2.33 and a beta of 0.94. Visa Inc. has a one year low of $265.31 and a one year high of $375.51. The firm's fifty day moving average is $347.92 and its two-hundred day moving average is $347.39.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, beating analysts' consensus estimates of $2.85 by $0.13. The company 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 quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.42 earnings per share. Analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Visa's payout ratio 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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