Visa Inc. $V is Nepsis Inc.'s 4th Largest Position

Key Points

• Nepsis Inc. has reduced its stake in Visa Inc. by 17.9% during the second quarter, now holding 53,272 shares that constitute 5.3% of its total portfolio.
• Visa reported a 15.9% increase in earnings per share (EPS) for the last quarter, reaching $2.98, which outperformed analysts' expectations of $2.85.
• Visa has a market cap of approximately $630.99 billion and is currently rated as a "Moderate Buy" by analysts, with an average price target of $385.96.

Nepsis Inc. decreased its position in shares of Visa Inc. (NYSE:V - Free Report) by 17.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,272 shares of the credit-card processor's stock after selling 11,612 shares during the period. Visa comprises approximately 5.3% of Nepsis Inc.'s holdings, making the stock its 4th biggest holding. Nepsis Inc.'s holdings in Visa were worth $18,914,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in V. GAMMA Investing LLC grew its stake in shares of Visa by 9.5% during the second quarter. GAMMA Investing LLC now owns 46,140 shares of the credit-card processor's stock valued at $16,382,000 after acquiring an additional 4,020 shares in the last quarter. Maryland Capital Advisors Inc. purchased a new position in Visa in the second quarter valued at about $93,000. ABLE Financial Group LLC grew its stake in Visa by 7.2% during the 2nd quarter. ABLE Financial Group LLC now owns 3,806 shares of the credit-card processor's stock valued at $1,351,000 after purchasing an additional 254 shares in the last quarter. Westend Capital Management LLC grew its stake in Visa by 83.1% during the 2nd quarter. Westend Capital Management LLC now owns 108 shares of the credit-card processor's stock valued at $38,000 after purchasing an additional 49 shares in the last quarter. Finally, Masso Torrence Wealth Management Inc. increased its holdings in Visa by 3.1% during the 2nd quarter. Masso Torrence Wealth Management Inc. now owns 3,759 shares of the credit-card processor's stock worth $1,334,000 after purchasing an additional 113 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Price Performance

V opened at $344.28 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. The company's 50-day moving average price is $345.58 and its 200 day moving average price is $346.37. Visa Inc. has a fifty-two week low of $268.23 and a fifty-two week high of $375.51. The firm has a market cap of $630.99 billion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92.

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, beating the consensus estimate of $2.85 by $0.13. The company had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.The business's revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.42 earnings per share. As a group, sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were given a $0.59 dividend. 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%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on V shares. Erste Group Bank cut Visa from a "buy" rating to a "hold" rating in a research note on Monday. Morgan Stanley raised their price objective on shares of Visa from $386.00 to $402.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Visa in a research report on Thursday, July 17th. They issued a "buy" rating and a $410.00 target price for the company. UBS Group reaffirmed a "buy" rating and set a $415.00 price target (up previously from $405.00) on shares of Visa in a research report on Wednesday, July 30th. Finally, Barclays restated an "overweight" rating and set a $408.00 price objective (up previously from $396.00) on shares of Visa in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, Visa currently has a consensus rating of "Moderate Buy" and an average price target of $385.96.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,630 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the completion of the transaction, the chief executive officer owned 537 shares of the company's stock, valued at approximately $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the company's stock in a transaction dated Monday, August 18th. The stock was 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 of the company's stock, valued at $4,102,438.50. This 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 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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