Visa Inc. $V Shares Purchased by Blair William & Co. IL

Key Points

• Blair William & Co. IL increased its holdings in Visa Inc. by 1.7% during Q2, owning over 2 million shares, which now makes up 2.0% of their investment portfolio.
• Visa's recent quarterly earnings showed a significant 14.3% year-over-year revenue growth with a reported $10.17 billion, exceeding analysts' expectations.
• Wall Street analysts maintain a positive outlook for Visa, with the stock receiving multiple “overweight” ratings and an average target price of $389.00.

Blair William & Co. IL increased its position in shares of Visa Inc. (NYSE:V - Free Report) by 1.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,071,053 shares of the credit-card processor's stock after purchasing an additional 34,297 shares during the quarter. Visa accounts for 2.0% of Blair William & Co. IL's investment portfolio, making the stock its 5th biggest holding. Blair William & Co. IL owned approximately 0.11% of Visa worth $735,328,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of V. Keystone Global Partners LLC acquired a new position in Visa during the first quarter worth $26,000. von Borstel & Associates Inc. acquired a new position in Visa during the first quarter worth $27,000. Family Legacy Financial Solutions LLC acquired a new position in Visa during the second quarter worth $28,000. Cranbrook Wealth Management LLC raised its holdings in Visa by 82.0% during the second quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor's stock worth $32,000 after purchasing an additional 41 shares during the last quarter. Finally, 1 North Wealth Services LLC acquired a new position in Visa during the first quarter worth $38,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on V. Morgan Stanley lifted their price objective on Visa from $386.00 to $402.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Raymond James Financial reissued an "outperform" rating on shares of Visa in a research report on Wednesday, July 30th. Oppenheimer raised their price target on Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Barclays reissued an "overweight" rating and set a $408.00 price target (up previously from $396.00) on shares of Visa in a research report on Thursday, July 31st. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Visa in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Visa has an average rating of "Moderate Buy" and an average target price of $389.00.

Visa Price Performance

Shares of NYSE:V opened at $343.63 on Monday. The company has a market cap of $629.79 billion, a P/E ratio of 33.56, a P/E/G ratio of 2.03 and a beta of 0.90. 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 Inc. has a 52 week low of $275.37 and a 52 week high of $375.51. The business has a fifty day simple moving average of $343.77 and a 200-day simple moving average of $346.97.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 EPS 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 the consensus estimate of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.The business's revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.42 earnings per share. Equities research analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total value of $3,589,015.50. Following the completion of the sale, the chief executive officer owned 537 shares of the company's stock, valued at $183,815.10. The trade was a 95.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction on Monday, August 18th. The shares were sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the sale, the general counsel directly owned 11,925 shares of the company's stock, valued at approximately $4,102,438.50. This represents a 14.53% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Visa 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.

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.