Cambridge Investment Research Advisors Inc. Raises Stock Holdings in Visa Inc. (NYSE:V)

Cambridge Investment Research Advisors Inc. lifted its holdings in Visa Inc. (NYSE:V) by 0.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 379,139 shares of the credit-card processor’s stock after purchasing an additional 2,806 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Visa were worth $99,513,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Livelsberger Financial Advisory bought a new position in shares of Visa during the fourth quarter valued at approximately $25,000. Westend Capital Management LLC purchased a new stake in shares of Visa during the first quarter valued at $25,000. POM Investment Strategies LLC grew its holdings in shares of Visa by 970.0% in the second quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock worth $28,000 after purchasing an additional 97 shares during the last quarter. Frank Rimerman Advisors LLC purchased a new position in Visa in the 4th quarter worth about $33,000. Finally, TruNorth Capital Management LLC lifted its holdings in Visa by 211.9% during the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock valued at $34,000 after buying an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

Shares of V stock traded up $2.51 on Tuesday, hitting $270.72. The company had a trading volume of 6,570,052 shares, compared to its average volume of 7,135,807. The firm has a market cap of $495.13 billion, a P/E ratio of 30.03, a price-to-earnings-growth ratio of 1.89 and a beta of 0.95. Visa Inc. has a twelve month low of $227.78 and a twelve month high of $290.96. The company has a 50-day moving average price of $265.87 and a 200-day moving average price of $273.18. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, hitting the consensus estimate of $2.42. The business had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.16 EPS. As a group, equities research analysts predict that Visa Inc. will post 9.91 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th will be given a $0.52 dividend. The ex-dividend date is Friday, August 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. Visa’s dividend payout ratio (DPR) is currently 23.24%.

Wall Street Analyst Weigh In

V has been the topic of a number of research reports. Royal Bank of Canada reduced their target price on shares of Visa from $315.00 to $311.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Piper Sandler lowered their target price on Visa from $322.00 to $319.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Macquarie restated an “outperform” rating and issued a $300.00 price target on shares of Visa in a report on Wednesday, July 24th. Finally, Mizuho lifted their price objective on shares of Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Six analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Visa presently has an average rating of “Moderate Buy” and an average target price of $308.50.

About Visa

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.