William John Sempolinski Acquires New Stake in Visa Inc. $V

Key Points

• William John Sempolinski acquired 3,600 Visa shares worth approximately $1.24 million in the second quarter. Several other institutional investors also initiated positions, with institutions now owning 82.15% of Visa’s stock.
• Visa reported quarterly earnings of $3.32 per share, beating estimates of $3.23, while revenue rose 14.4% year over year to $11.63 billion. The company also declared a quarterly dividend of $0.67 per share, yielding about 0.7% annually.
• Analysts maintain a broadly positive outlook, with Visa receiving a consensus “Buy” rating and an average price target of $416.62. Meanwhile, insiders have sold more than 104,000 shares worth approximately $37.5 million over the past 90 days.

William John Sempolinski bought a new position in Visa Inc. (NYSE:V - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,600 shares of the credit-card processor's stock, valued at approximately $1,235,000.

Other large investors have also made changes to their positions in the company. MW Advisory LLC purchased a new position in shares of Visa in the second quarter worth approximately $1,771,000. Tenet Wealth Partners LLC bought a new stake in Visa during the second quarter valued at approximately $306,000. Maloon Powers Pitre Higgins & Dennehy LLC purchased a new stake in Visa during the second quarter valued at approximately $2,284,000. Markowski Investments purchased a new stake in Visa during the second quarter valued at approximately $1,927,000. Finally, Old Mission Investment Co LLC bought a new position in Visa in the second quarter worth approximately $4,866,000. 82.15% of the stock is currently owned by institutional investors.

Visa Price Performance

Shares of V opened at $374.46 on Friday. The company's fifty day moving average price is $363.63 and its 200-day moving average price is $333.27. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $668.20 billion, a PE ratio of 31.84, a price-to-earnings-growth ratio of 2.03 and a beta of 0.76. Visa Inc. has a 1-year low of $293.89 and a 1-year high of $385.57.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share for the quarter, topping analysts' consensus estimates of $3.23 by $0.09. The firm had revenue of $11.63 billion for the quarter, compared to analyst estimates of $11.40 billion. Visa had a net margin of 50.78% and a return on equity of 67.68%. The business's quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.98 earnings per share. On average, equities research analysts predict that Visa Inc. will post 13.16 EPS for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were issued a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $2.68 dividend on an annualized basis and a yield of 0.7%. Visa's dividend payout ratio is presently 22.79%.

Insiders Place Their Bets

In other news, General Counsel Julie Rottenberg sold 2,028 shares of the company's stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $381.35, for a total transaction of $773,377.80. Following the completion of the transaction, the general counsel directly owned 18,404 shares of the company's stock, valued at $7,018,365.40. This represents a 9.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 20,970 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $340.25, for a total transaction of $7,135,042.50. Following the transaction, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $5,162,953.50. The trade was a 58.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 104,537 shares of company stock worth $37,540,837. 0.12% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada restated an "outperform" rating and issued a $466.00 target price (up from $412.00) on shares of Visa in a report on Monday. Truist Financial set a $406.00 price target on shares of Visa and gave the company a "buy" rating in a report on Wednesday, August 5th. Morgan Stanley reiterated an "overweight" rating and issued a $416.00 price target on shares of Visa in a research report on Wednesday, July 29th. Raymond James Financial reissued an "outperform" rating and set a $406.00 price objective on shares of Visa in a research note on Wednesday, July 29th. Finally, Barclays initiated coverage on Visa in a research report on Tuesday, July 7th. They set an "overweight" rating and a $420.00 price objective on the stock. Seven analysts have rated the stock with a Strong Buy rating and twenty-four have assigned a Buy rating to the company. According to MarketBeat.com, Visa has a consensus rating of "Buy" and an average target price of $416.62.

Visa Profile

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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