Visa Inc. $V Position Reduced by Geo Capital Gestora de Recursos Ltd

Key Points

• Geo Capital Gestora de Recursos Ltd has reduced its holdings in Visa Inc. by 24.5%, owning 10,651 shares after selling 3,458 shares in the first quarter.
• Visa's most recent earnings report showed an EPS of $2.98, exceeding analyst estimates and a 14.3% increase in revenue from the same quarter last year.
• The company has announced a quarterly dividend of $0.59 to be paid on September 2nd, with a current dividend yield of 0.7%.

Geo Capital Gestora de Recursos Ltd lessened its holdings in Visa Inc. (NYSE:V - Free Report) by 24.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,651 shares of the credit-card processor's stock after selling 3,458 shares during the quarter. Visa accounts for 5.2% of Geo Capital Gestora de Recursos Ltd's investment portfolio, making the stock its 8th biggest position. Geo Capital Gestora de Recursos Ltd's holdings in Visa were worth $3,733,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. GDS Wealth Management raised its position in Visa by 5.8% in the 1st quarter. GDS Wealth Management now owns 47,969 shares of the credit-card processor's stock worth $16,811,000 after purchasing an additional 2,651 shares during the period. Capital Analysts LLC raised its position in Visa by 2.6% in the 1st quarter. Capital Analysts LLC now owns 50,010 shares of the credit-card processor's stock worth $17,527,000 after purchasing an additional 1,269 shares during the period. Tradition Wealth Management LLC raised its position in Visa by 3.3% in the 1st quarter. Tradition Wealth Management LLC now owns 4,973 shares of the credit-card processor's stock worth $1,743,000 after purchasing an additional 159 shares during the period. Erste Asset Management GmbH grew its holdings in Visa by 0.6% in the 1st quarter. Erste Asset Management GmbH now owns 520,808 shares of the credit-card processor's stock worth $170,128,000 after acquiring an additional 3,285 shares during the last quarter. Finally, Vertex Planning Partners LLC grew its holdings in Visa by 20.1% in the 1st quarter. Vertex Planning Partners LLC now owns 957 shares of the credit-card processor's stock worth $335,000 after acquiring an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Price Performance

Visa stock opened at $342.51 on Wednesday. Visa Inc. has a 52-week low of $265.31 and a 52-week high of $375.51. The firm has a market capitalization of $627.75 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 2.28 and a beta of 0.94. The company has a fifty day simple moving average of $349.13 and a 200-day simple moving average of $347.41. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping 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 business 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 earned $2.42 earnings per share. The company's revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities analysts anticipate 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 will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be issued a $0.59 dividend. The ex-dividend date of this dividend is 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%.

Insider Activity at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the 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 owned 11,925 shares of the company's stock, valued at $4,102,438.50. This trade represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the transaction, the chief executive officer directly owned 537 shares of the company's stock, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,127 shares of company stock valued at $28,340,553. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on V. Piper Sandler lifted their target price on shares of Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Macquarie lifted their target price on shares of Visa from $380.00 to $425.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Citigroup initiated coverage on shares of Visa in a report on Monday, June 2nd. They issued a "buy" rating for the company. UBS Group reaffirmed a "buy" rating and issued a $415.00 target price (up from $405.00) on shares of Visa in a report on Wednesday, July 30th. Finally, BMO Capital Markets lifted their target price on shares of Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $380.84.

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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