Visa Inc. $V Shares Acquired by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC boosted its stake in Visa Inc. (NYSE:V - Free Report) by 14.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,763 shares of the credit-card processor's stock after buying an additional 4,988 shares during the period. Applied Finance Capital Management LLC's holdings in Visa were worth $12,018,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Invariant Investment Management bought a new stake in shares of Visa in the 4th quarter worth $969,000. Nixon Peabody Trust Co. grew its holdings in Visa by 58.1% during the first quarter. Nixon Peabody Trust Co. now owns 4,201 shares of the credit-card processor's stock worth $1,270,000 after acquiring an additional 1,543 shares during the period. Vanguard Group Inc. boosted its holdings in Visa by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 160,975,832 shares of the credit-card processor's stock worth $56,455,834,000 after buying an additional 1,054,343 shares in the last quarter. Swiss Life Asset Management Ltd boosted its holdings in Visa by 4.7% during the third quarter. Swiss Life Asset Management Ltd now owns 527,530 shares of the credit-card processor's stock worth $180,088,000 after buying an additional 23,863 shares in the last quarter. Finally, Savvy Advisors Inc. grew its holdings in shares of Visa by 30.1% in the 4th quarter. Savvy Advisors Inc. now owns 28,922 shares of the credit-card processor's stock worth $10,143,000 after acquiring an additional 6,688 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on V. Citigroup dropped their target price on shares of Visa from $450.00 to $400.00 and set a "buy" rating on the stock in a research report on Tuesday, April 14th. Robert W. Baird set a $412.00 target price on shares of Visa and gave the company an "outperform" rating in a research note on Monday, July 6th. Weiss Ratings upgraded Visa from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, July 6th. Truist Financial set a $371.00 price target on Visa and gave the company a "buy" rating in a research report on Tuesday, May 12th. Finally, BMO Capital Markets initiated coverage on Visa in a research report on Tuesday, April 21st. They set an "outperform" rating and a $365.00 price objective for the company. Seven research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $397.91.

Visa Trading Up 0.0%

Shares of V stock opened at $349.05 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.64. The business's 50 day moving average is $330.81 and its two-hundred day moving average is $324.86. The company has a market cap of $626.12 billion, a PE ratio of 30.41, a price-to-earnings-growth ratio of 1.86 and a beta of 0.75. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $365.02.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.21. Visa had a return on equity of 65.00% and a net margin of 51.68%.The company had revenue of $11.23 billion during the quarter, compared to analysts' expectations of $10.75 billion. During the same period in the prior year, the business earned $2.76 earnings per share. Visa's revenue for the quarter was up 17.1% compared to the same quarter last year. Equities analysts predict that Visa Inc. will post 13.1 EPS for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were issued a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. Visa's dividend payout ratio is presently 23.34%.

Visa announced that its Board of Directors has authorized a share repurchase plan on Tuesday, April 28th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the credit-card processor to buy up to 3.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 31,455 shares of Visa stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total value of $10,699,103.70. Following the completion of the transaction, the chief executive officer owned 15,174 shares in the company, valued at approximately $5,161,284.36. The trade was a 67.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chris Suh sold 10,639 shares of the business's stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total value of $3,455,653.59. Following the completion of the transaction, the chief financial officer directly owned 9,872 shares in the company, valued at approximately $3,206,524.32. This represents a 51.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 75,581 shares of company stock worth $25,627,975 in the last 90 days. 0.12% of the stock is owned by company insiders.

About Visa

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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