Visa Inc. $V Stock Position Lifted by Park Edge Advisors LLC

Key Points

• Park Edge Advisors LLC increased its position in Visa Inc. by 71.2% in Q2, now holding 4,538 shares valued at approximately $1.6 million.
• CEO Ryan Mcinerney sold 8,630 shares, significantly decreasing his ownership by 94.14%, while General Counsel Julie B. Rottenberg also sold shares, reducing her stake by 14.53%.
• Visa reported $2.98 EPS in its recent quarter, exceeding estimates, with revenue up 14.3% year-over-year, and plans to pay a quarterly dividend of $0.59.

Park Edge Advisors LLC boosted its position in shares of Visa Inc. (NYSE:V - Free Report) by 71.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,538 shares of the credit-card processor's stock after buying an additional 1,887 shares during the quarter. Park Edge Advisors LLC's holdings in Visa were worth $1,611,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Keystone Global Partners LLC bought a new position in Visa during the first quarter valued at about $26,000. von Borstel & Associates Inc. bought a new position in Visa during the first quarter valued at about $27,000. 1 North Wealth Services LLC bought a new position in Visa during the first quarter valued at about $38,000. Anderson Financial Strategies LLC bought a new position in Visa during the first quarter valued at about $53,000. Finally, O Brien Wealth Partners LLC bought a new position in Visa during the first quarter valued at about $54,000. Institutional investors own 82.15% of the company's stock.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,630 shares of the firm's 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 completion of the sale, the chief executive officer directly owned 537 shares of the company's stock, valued at $190,001.34. This trade represents a 94.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the sale, the general counsel directly 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 disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Visa Stock Down 1.2%

Shares of Visa stock opened at $339.33 on Monday. The stock has a 50-day moving average price of $347.03 and a 200 day moving average price of $346.86. The company has a market cap of $621.92 billion, a P/E ratio of 33.14, a P/E/G ratio of 2.26 and a beta of 0.92. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. Visa Inc. has a 1 year low of $268.23 and a 1 year high of $375.51.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.13. The firm 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 period in the prior year, the business earned $2.42 EPS. As a group, analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently weighed in on V shares. UBS Group reaffirmed a "buy" rating and set a $415.00 target price (up previously from $405.00) on shares of Visa in a research note on Wednesday, July 30th. Raymond James Financial reiterated an "outperform" rating on shares of Visa in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft assumed coverage on Visa in a research report on Thursday, July 17th. They issued a "buy" rating and a $410.00 price target for the company. Morgan Stanley increased their price target on Visa from $386.00 to $402.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Finally, Truist Financial decreased their price target on Visa from $400.00 to $397.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $385.96.

Visa Company 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.

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