Visa Inc. $V is USS Investment Management Ltd's 5th Largest Position

Key Points

• USS Investment Management Ltd reduced its stake in Visa Inc. by 4.3%, now holding approximately 1.06 million shares, making Visa the firm's 5th largest position.
• Analysts have raised their price targets for Visa, with Macquarie and Mizuho both increasing their targets to $425 and maintaining an "outperform" rating.
• Visa's stock recently reported earnings of $2.98 per share, exceeding expectations, with quarterly revenues of $10.17 billion, representing a 14.3% year-over-year increase.

USS Investment Management Ltd lessened its position in shares of Visa Inc. (NYSE:V - Free Report) by 4.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,055,924 shares of the credit-card processor's stock after selling 47,314 shares during the quarter. Visa comprises 2.8% of USS Investment Management Ltd's portfolio, making the stock its 5th biggest holding. USS Investment Management Ltd owned approximately 0.06% of Visa worth $369,980,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Yeomans Consulting Group Inc. grew its holdings in Visa by 2.9% during the 1st quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock valued at $360,000 after buying an additional 29 shares in the last quarter. Semus Wealth Partners LLC grew its holdings in Visa by 0.8% during the 1st quarter. Semus Wealth Partners LLC now owns 3,449 shares of the credit-card processor's stock valued at $1,209,000 after buying an additional 29 shares in the last quarter. Headinvest LLC grew its holdings in Visa by 0.8% during the 4th quarter. Headinvest LLC now owns 4,003 shares of the credit-card processor's stock valued at $1,265,000 after buying an additional 30 shares in the last quarter. Kennebec Savings Bank boosted its holdings in shares of Visa by 0.9% in the 1st quarter. Kennebec Savings Bank now owns 3,372 shares of the credit-card processor's stock worth $1,182,000 after purchasing an additional 30 shares during the period. Finally, Capital Advisors Ltd. LLC boosted its holdings in shares of Visa by 0.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 3,839 shares of the credit-card processor's stock worth $1,345,000 after purchasing an additional 30 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on V. Macquarie lifted their target price on Visa from $380.00 to $425.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Raymond James Financial reiterated an "outperform" rating on shares of Visa in a report on Wednesday, July 30th. Mizuho upgraded Visa from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $359.00 to $425.00 in a report on Thursday, June 5th. Morgan Stanley lifted their target price on Visa from $386.00 to $402.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Finally, Oppenheimer lifted their target price on Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $385.96.

Visa Trading Down 2.3%

Shares of NYSE V opened at $343.02 on Friday. 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 business has a fifty day simple moving average of $348.51 and a two-hundred day simple moving average of $347.22. The firm has a market cap of $628.67 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92. Visa Inc. has a twelve month low of $268.23 and a twelve month high of $375.51.

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

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders 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 dividend on an annualized basis and a yield of 0.7%. Visa's payout ratio is 23.05%.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 11,636 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total value of $4,363,500.00. Following the completion of the transaction, the insider directly owned 26,413 shares of the company's stock, valued at approximately $9,904,875. The trade was a 30.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,630 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the transaction, the chief executive officer directly 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 disclosure for this sale can be found here. Insiders sold a total of 22,293 shares of company stock valued at $8,114,295 in the last ninety days. Corporate 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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