Visa Inc. $V Shares Sold by Cooper Investors PTY Ltd.

Key Points

• Cooper Investors PTY Ltd. has reduced its holdings in Visa Inc. by 16.7%, now owning 81,003 shares, representing 5.2% of its total holdings.
• Visa reported a quarterly EPS of $2.98, surpassing expectations, with revenue increasing by 14.3% year-over-year to $10.17 billion.
• The stock has shown a consistent performance, with a market cap of $626.94 billion and a 12-month price range between $268.23 and $375.51.

Cooper Investors PTY Ltd. lessened its stake in Visa Inc. (NYSE:V - Free Report) by 16.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,003 shares of the credit-card processor's stock after selling 16,281 shares during the period. Visa accounts for approximately 5.2% of Cooper Investors PTY Ltd.'s investment portfolio, making the stock its 4th largest holding. Cooper Investors PTY Ltd.'s holdings in Visa were worth $28,760,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of V. Keystone Global Partners LLC purchased a new position in shares of Visa in the 1st quarter worth approximately $26,000. Family Legacy Financial Solutions LLC purchased a new position in shares of Visa in the 2nd quarter worth approximately $28,000. von Borstel & Associates Inc. purchased a new position in shares of Visa in the 1st quarter worth approximately $27,000. 1 North Wealth Services LLC purchased a new position in shares of Visa in the 1st quarter worth approximately $38,000. Finally, Anderson Financial Strategies LLC purchased a new position in shares of Visa in the 1st quarter worth approximately $53,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of the company's 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 transaction, the chief executive officer owned 537 shares of the company's stock, valued at $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The transaction 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 company's 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 transaction, the general counsel directly 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. Corporate insiders own 0.13% of the company's stock.

Visa Trading Up 1.2%

Shares of V traded up $3.89 during mid-day trading on Friday, reaching $342.07. The stock had a trading volume of 13,657,860 shares, compared to its average volume of 4,986,314. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a 52-week low of $268.23 and a 52-week high of $375.51. The business's fifty day moving average is $345.70 and its 200 day moving average is $346.37. The firm has a market cap of $626.94 billion, a price-to-earnings ratio of 33.41, a P/E/G ratio of 2.27 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The firm had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.82 billion. During the same quarter in the prior year, the firm posted $2.42 earnings per share. Visa's quarterly revenue was up 14.3% on a year-over-year basis. On average, sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on V shares. Morgan Stanley lifted their price objective on shares of Visa from $386.00 to $402.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Citigroup started coverage on shares of Visa in a research report on Monday, June 2nd. They issued a "buy" rating for the company. Jefferies Financial Group raised their price target on shares of Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. UBS Group reissued a "buy" rating and issued a $415.00 target price (up from $405.00) on shares of Visa in a research report on Wednesday, July 30th. Finally, The Goldman Sachs Group initiated coverage on Visa in a research report on Monday, June 2nd. They issued a "neutral" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $385.96.

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.