Visa Inc. $V Position Increased by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC boosted its holdings in Visa Inc. (NYSE:V - Free Report) by 143.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,229 shares of the credit-card processor's stock after buying an additional 15,460 shares during the quarter. Ameritas Advisory Services LLC's holdings in Visa were worth $8,999,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Parvin Asset Management LLC boosted its holdings in shares of Visa by 200.0% in the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor's stock worth $26,000 after buying an additional 50 shares during the period. Philadelphia Investment Partners LLC purchased a new stake in shares of Visa in the 2nd quarter valued at approximately $29,000. Virtus Advisers LLC purchased a new stake in shares of Visa in the 2nd quarter valued at approximately $33,000. RHL Group LLC acquired a new position in Visa in the 4th quarter worth approximately $34,000. Finally, Timmons Wealth Management LLC acquired a new position in Visa in the 4th quarter worth approximately $34,000. Institutional investors own 82.15% of the company's stock.

Visa Price Performance

V opened at $374.46 on Monday. The stock has a fifty day moving average price of $363.63 and a 200 day moving average price of $333.40. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $385.57. The stock has a market cap of $668.20 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 2.01 and a beta of 0.76.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.09. The company had revenue of $11.63 billion for the quarter, compared to analyst estimates of $11.40 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%.The business's revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.98 EPS. Analysts forecast that Visa Inc. will post 13.16 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 11th. Visa's dividend payout ratio (DPR) is presently 22.79%.

Analyst Upgrades and Downgrades

V has been the topic of several recent analyst reports. Morgan Stanley reissued an "overweight" rating and set a $416.00 target price on shares of Visa in a research note on Wednesday, July 29th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $466.00 target price (up from $412.00) on shares of Visa in a research report on Monday, August 31st. Susquehanna reiterated a "positive" rating and set a $427.00 price target (up from $410.00) on shares of Visa in a report on Wednesday, July 29th. Citigroup reissued a "buy" rating and set a $440.00 price target (up from $400.00) on shares of Visa in a research report on Wednesday, July 29th. Finally, BNP Paribas Exane raised Visa to a "strong-buy" rating in a research note on Tuesday, July 21st. Seven investment analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $416.62.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 20,970 shares of the company's stock in a transaction on Monday, June 29th. The shares were sold at an average price of $340.25, for a total transaction of $7,135,042.50. Following the completion of the sale, the chief executive officer directly owned 15,174 shares of the company's stock, valued at approximately $5,162,953.50. This represents a 58.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie B. Rottenberg sold 2,028 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $381.35, for a total value of $773,377.80. Following the sale, the general counsel owned 18,404 shares of the company's stock, valued at approximately $7,018,365.40. The trade was a 9.93% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 104,537 shares of company stock valued at $37,540,837. 0.12% of the stock is currently owned by corporate insiders.

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world's largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa's network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa's product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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