Visa Inc. (NYSE:V) Shares Acquired by Counterweight Ventures LLC

Counterweight Ventures LLC raised its position in shares of Visa Inc. (NYSE:V) by 2.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,542 shares of the credit-card processor’s stock after buying an additional 235 shares during the quarter. Visa comprises 2.3% of Counterweight Ventures LLC’s portfolio, making the stock its 16th largest position. Counterweight Ventures LLC’s holdings in Visa were worth $3,029,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Acadian Asset Management LLC boosted its stake in Visa by 297.8% during the 2nd quarter. Acadian Asset Management LLC now owns 97,541 shares of the credit-card processor’s stock valued at $25,598,000 after purchasing an additional 73,019 shares in the last quarter. Otter Creek Advisors LLC boosted its stake in Visa by 17.9% during the 2nd quarter. Otter Creek Advisors LLC now owns 18,433 shares of the credit-card processor’s stock valued at $4,838,000 after purchasing an additional 2,800 shares in the last quarter. Asset Dedication LLC boosted its stake in shares of Visa by 4.5% during the 2nd quarter. Asset Dedication LLC now owns 29,333 shares of the credit-card processor’s stock worth $7,699,000 after acquiring an additional 1,271 shares in the last quarter. Cross Staff Investments Inc boosted its stake in shares of Visa by 2.3% during the 2nd quarter. Cross Staff Investments Inc now owns 5,917 shares of the credit-card processor’s stock worth $1,553,000 after acquiring an additional 132 shares in the last quarter. Finally, Strategic Financial Concepts LLC boosted its stake in shares of Visa by 11,135.8% during the 2nd quarter. Strategic Financial Concepts LLC now owns 403,365 shares of the credit-card processor’s stock worth $105,871,000 after acquiring an additional 399,775 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $148,687.06. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.19% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. TD Cowen reduced their target price on Visa from $320.00 to $318.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. JPMorgan Chase & Co. increased their target price on Visa from $290.00 to $320.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Citigroup reduced their target price on Visa from $321.00 to $319.00 and set a “buy” 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 report on Friday, August 9th. Finally, Compass Point assumed coverage on Visa in a report on Wednesday. They issued a “buy” rating and a $319.00 target price for the company. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $309.54.

Visa Trading Up 0.3 %

Visa stock opened at $279.37 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market capitalization of $510.95 billion, a price-to-earnings ratio of 31.21, a PEG ratio of 1.98 and a beta of 0.96. Visa Inc. has a one year low of $227.78 and a one year high of $290.96. The company’s fifty day moving average price is $266.53 and its two-hundred day moving average price is $273.13.

Visa (NYSE:V) last posted its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, hitting the consensus estimate of $2.42. The firm had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.16 earnings per share. On average, analysts forecast that Visa Inc. will post 9.92 earnings per share for the current fiscal year.

Visa Dividend Announcement

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

Visa 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.