Maryland Capital Management boosted its position in Visa Inc (NYSE:V) by 368.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,799 shares of the credit-card processor’s stock after buying an additional 15,576 shares during the quarter. Maryland Capital Management’s holdings in Visa were worth $3,190,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Stephenson National Bank & Trust bought a new position in Visa in the fourth quarter valued at approximately $28,000. AlphaMark Advisors LLC grew its stake in Visa by 57.8% in the first quarter. AlphaMark Advisors LLC now owns 172 shares of the credit-card processor’s stock valued at $28,000 after purchasing an additional 63 shares in the last quarter. Laffer Investments bought a new position in Visa in the fourth quarter valued at approximately $31,000. Accurate Investment Solutions Inc. grew its stake in Visa by 117.1% in the first quarter. Accurate Investment Solutions Inc. now owns 241 shares of the credit-card processor’s stock valued at $39,000 after purchasing an additional 130 shares in the last quarter. Finally, Lloyd Advisory Services LLC. bought a new position in Visa in the fourth quarter valued at approximately $43,000. 81.59% of the stock is currently owned by institutional investors and hedge funds.
V traded up $1.43 during trading on Tuesday, hitting $195.78. The stock had a trading volume of 2,632,451 shares, compared to its average volume of 8,988,247. The firm has a market cap of $379.45 billion, a price-to-earnings ratio of 35.54, a P/E/G ratio of 3.10 and a beta of 0.93. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.25 and a quick ratio of 1.25. The company has a 50 day moving average price of $179.54 and a 200-day moving average price of $184.18. Visa Inc has a one year low of $133.93 and a one year high of $214.17.
Visa (NYSE:V) last announced its quarterly earnings data on Thursday, April 30th. The credit-card processor reported $1.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.04. The firm had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.75 billion. Visa had a return on equity of 43.45% and a net margin of 52.26%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.31 EPS. As a group, sell-side analysts predict that Visa Inc will post 4.99 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $1.20 annualized dividend and a yield of 0.61%. Visa’s dividend payout ratio is presently 22.06%.
In other news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $181.78, for a total transaction of $1,272,460.00. Following the completion of the transaction, the chief executive officer now owns 139,090 shares of the company’s stock, valued at approximately $25,283,780.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Ryan Mcinerney sold 26,150 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $191.87, for a total value of $5,017,400.50. The disclosure for this sale can be found here. Insiders sold a total of 40,150 shares of company stock valued at $7,419,661 over the last ninety days. Insiders own 0.19% of the company’s stock.
A number of research analysts have weighed in on V shares. Nomura Securities decreased their price target on Visa from $233.00 to $214.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. Royal Bank of Canada raised their price target on Visa from $195.00 to $212.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Wedbush raised their price target on Visa from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Monday. Barclays reduced their target price on Visa from $230.00 to $209.00 and set an “overweight” rating for the company in a research note on Thursday, March 26th. Finally, Stephens reduced their target price on Visa from $228.00 to $192.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Five research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $204.18.
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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