Sustainable Insight Capital Management LLC Has $356,000 Holdings in Visa Inc. (NYSE:V)

Sustainable Insight Capital Management LLC increased its holdings in shares of Visa Inc. (NYSE:V) by 7.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,358 shares of the credit-card processor’s stock after acquiring an additional 100 shares during the quarter. Sustainable Insight Capital Management LLC’s holdings in Visa were worth $356,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of V. Livelsberger Financial Advisory bought a new stake in shares of Visa during the 4th quarter worth approximately $25,000. Westend Capital Management LLC acquired a new position in shares of Visa during the 1st quarter worth $25,000. POM Investment Strategies LLC lifted its position in shares of Visa by 970.0% during the 2nd quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock worth $28,000 after buying an additional 97 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new stake in Visa in the fourth quarter valued at about $33,000. Finally, TruNorth Capital Management LLC boosted its stake in Visa by 211.9% in the second 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. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Price Performance

Shares of NYSE V opened at $279.48 on Friday. The stock has a fifty day moving average of $266.53 and a 200-day moving average of $273.14. Visa Inc. has a fifty-two week low of $227.78 and a fifty-two week high of $290.96. The stock has a market cap of $509.30 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 1.98 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, meeting the consensus estimate of $2.42. The firm had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.16 EPS. Equities research analysts anticipate that Visa Inc. will post 9.92 earnings per share for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th were paid a $0.52 dividend. The ex-dividend date was Friday, August 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.74%. Visa’s dividend payout ratio (DPR) is 23.24%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. TD Cowen lowered their price target on shares of Visa from $320.00 to $318.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Bank of America restated a “neutral” rating and set a $297.00 price target (down from $305.00) on shares of Visa in a report on Wednesday, July 10th. BNP Paribas upgraded shares of Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price objective for the company in a report on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Finally, Macquarie reaffirmed an “outperform” rating and set a $300.00 price target on shares of Visa in a research note on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $309.54.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $148,687.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.19% of the stock is owned by corporate insiders.

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.