Fairfield Financial Advisors LTD Makes New Investment in Visa Inc. (NYSE:V)

Fairfield Financial Advisors LTD acquired a new stake in shares of Visa Inc. (NYSE:V) during the second quarter, Holdings Channel reports. The fund acquired 15,394 shares of the credit-card processor’s stock, valued at approximately $4,041,000. Visa makes up about 1.4% of Fairfield Financial Advisors LTD’s investment portfolio, making the stock its 18th biggest position.

Several other large investors have also recently modified their holdings of V. Brown Brothers Harriman & Co. boosted its holdings in Visa by 4.6% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 81,315 shares of the credit-card processor’s stock valued at $21,343,000 after acquiring an additional 3,595 shares during the period. Quilter Plc lifted its position in Visa by 2.8% in the second quarter. Quilter Plc now owns 718,706 shares of the credit-card processor’s stock valued at $188,639,000 after purchasing an additional 19,479 shares during the last quarter. Rathbones Group PLC boosted its stake in shares of Visa by 3.3% during the second quarter. Rathbones Group PLC now owns 3,333,932 shares of the credit-card processor’s stock valued at $875,057,000 after purchasing an additional 107,523 shares during the period. Plato Investment Management Ltd grew its holdings in shares of Visa by 3.9% in the second quarter. Plato Investment Management Ltd now owns 42,865 shares of the credit-card processor’s stock worth $11,251,000 after purchasing an additional 1,596 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its stake in shares of Visa by 11.0% in the second quarter. Thompson Siegel & Walmsley LLC now owns 21,482 shares of the credit-card processor’s stock worth $5,638,000 after buying an additional 2,128 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Price Performance

NYSE:V opened at $287.35 on Monday. The business’s 50-day moving average is $268.29 and its 200 day moving average is $273.16. Visa Inc. has a 12 month low of $227.78 and a 12 month high of $290.96. The company has a market capitalization of $523.64 billion, a P/E ratio of 32.11, a P/E/G ratio of 2.01 and a beta of 0.96. 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 (NYSE:V) last released its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.42. The business had revenue of $8.90 billion for the quarter, compared to the consensus estimate 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 in the previous year, the company posted $2.16 EPS. On average, equities research analysts forecast that Visa Inc. will post 9.92 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th were given a dividend of $0.52 per share. The ex-dividend date was Friday, August 9th. This represents a $2.08 annualized dividend and a yield of 0.72%. Visa’s dividend payout ratio (DPR) is currently 23.24%.

Analyst Upgrades and Downgrades

V has been the topic of a number of recent analyst reports. BNP Paribas raised shares of Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price target on the stock in a report on Tuesday, September 3rd. Bank of America reissued a “neutral” rating and issued a $297.00 target price (down from $305.00) on shares of Visa in a research note on Wednesday, July 10th. Evercore ISI lowered their price target on Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Macquarie reiterated an “outperform” rating and issued a $300.00 price objective on shares of Visa in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. upped 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. Six analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $309.81.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa 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 completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at $148,687.06. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.19% of the stock is owned by company 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.