Visa Inc. (NYSE:V) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in Visa Inc. (NYSE:V) by 31.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,422 shares of the credit-card processor’s stock after acquiring an additional 6,747 shares during the period. Visa accounts for 1.0% of GAMMA Investing LLC’s portfolio, making the stock its 13th largest position. GAMMA Investing LLC’s holdings in Visa were worth $7,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in V. Werba Rubin Papier Wealth Management grew its position in shares of Visa by 20.4% during the fourth quarter. Werba Rubin Papier Wealth Management now owns 4,778 shares of the credit-card processor’s stock worth $1,244,000 after acquiring an additional 810 shares during the last quarter. Holland Advisory Services Inc. acquired a new position in shares of Visa in the 4th quarter worth approximately $215,000. Princeton Global Asset Management LLC grew its stake in shares of Visa by 2.5% in the 4th quarter. Princeton Global Asset Management LLC now owns 24,865 shares of the credit-card processor’s stock worth $6,474,000 after purchasing an additional 612 shares during the last quarter. State of Michigan Retirement System increased its position in shares of Visa by 1.1% in the fourth quarter. State of Michigan Retirement System now owns 588,623 shares of the credit-card processor’s stock worth $153,248,000 after acquiring an additional 6,300 shares in the last quarter. Finally, Welch Group LLC increased its position in shares of Visa by 1.2% in the fourth quarter. Welch Group LLC now owns 24,334 shares of the credit-card processor’s stock worth $6,335,000 after acquiring an additional 284 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Paul D. Fabara sold 25,293 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.19% of the stock is currently owned by company insiders.

Visa Price Performance

NYSE V traded up $0.65 on Friday, hitting $266.58. 7,017,857 shares of the company were exchanged, compared to its average volume of 7,476,283. The firm has a 50 day moving average of $268.91 and a two-hundred day moving average of $274.36. The company has a market cap of $487.56 billion, a P/E ratio of 29.79, a P/E/G ratio of 1.88 and a beta of 0.95. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. Visa Inc. has a 1-year low of $227.78 and a 1-year high of $290.96.

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

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.78%. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on V shares. JPMorgan Chase & Co. decreased their price target on shares of Visa from $300.00 to $290.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Robert W. Baird lifted their target price on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Mizuho lifted their target price on shares of Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Oppenheimer lifted their target price on shares of Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Finally, TD Cowen reduced their target price on shares of Visa from $320.00 to $318.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Seven analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $307.25.

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.