Visa Inc. $V is Mn Services Vermogensbeheer B.V.'s 10th Largest Position

Key Points

• Mn Services Vermogensbeheer B.V. increased its holdings in Visa Inc. by 11.0% during Q2, now owning 645,376 shares worth approximately $229 million, making Visa its 10th largest investment.
• Visa reported $2.98 earnings per share for the latest quarter, exceeding analysts' expectations of $2.85, with revenues reaching $10.17 billion, marking a 14.3% increase year-over-year.
• CEO Ryan Mcinerney sold 8,630 shares at an average price of $353.82, resulting in a significant decrease in his ownership stake to just 537 shares valued at approximately $190,000.

Mn Services Vermogensbeheer B.V. grew its stake in shares of Visa Inc. (NYSE:V - Free Report) by 11.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 645,376 shares of the credit-card processor's stock after purchasing an additional 64,000 shares during the period. Visa makes up about 1.6% of Mn Services Vermogensbeheer B.V.'s holdings, making the stock its 10th largest position. Mn Services Vermogensbeheer B.V.'s holdings in Visa were worth $229,141,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Keystone Global Partners LLC acquired a new position in shares of Visa in the first quarter worth $26,000. von Borstel & Associates Inc. acquired a new position in Visa in the 1st quarter valued at about $27,000. 1 North Wealth Services LLC acquired a new position in Visa in the 1st quarter valued at about $38,000. Anderson Financial Strategies LLC acquired a new position in Visa in the 1st quarter valued at about $53,000. Finally, O Brien Wealth Partners LLC acquired a new position in Visa in the 1st quarter valued at about $54,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Macquarie boosted their target price on shares of Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. UBS Group reaffirmed a "buy" rating and set a $415.00 price objective (up previously from $405.00) on shares of Visa in a research note on Wednesday, July 30th. Mizuho raised shares of Visa from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $359.00 to $425.00 in a research note on Thursday, June 5th. Deutsche Bank Aktiengesellschaft began coverage on shares of Visa in a research note on Thursday, July 17th. They set a "buy" rating and a $410.00 price objective for the company. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Visa in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $385.96.

Visa Trading Up 1.2%

V traded up $3.89 on Friday, reaching $342.07. 13,657,860 shares of the company's stock were exchanged, compared to its average volume of 4,986,314. The company has a market cap of $626.94 billion, a price-to-earnings ratio of 33.41, a PEG ratio of 2.25 and a beta of 0.92. Visa Inc. has a twelve month low of $268.23 and a twelve month high of $375.51. The company's 50 day moving average is $345.70 and its 200-day moving average is $346.41. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, topping analysts' consensus estimates of $2.85 by $0.13. The firm had revenue of $10.17 billion during the quarter, compared to analysts' expectations of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.Visa's quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.42 EPS. Equities analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, August 12th. Visa's dividend payout ratio is currently 23.05%.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of the company's stock in a transaction that occurred 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 owned 537 shares in the company, valued at $190,001.34. This represents a 94.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the transaction, the general counsel 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 corporate 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.