Capital Management Corp VA Has $9.74 Million Holdings in Visa Inc. (NYSE:V)

Capital Management Corp VA increased its stake in shares of Visa Inc. (NYSE:V) by 1.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 35,433 shares of the credit-card processor’s stock after acquiring an additional 596 shares during the period. Visa accounts for about 1.7% of Capital Management Corp VA’s holdings, making the stock its 23rd largest position. Capital Management Corp VA’s holdings in Visa were worth $9,742,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in V. POM Investment Strategies LLC lifted its position in 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 acquiring an additional 97 shares during the last quarter. Reston Wealth Management LLC acquired a new position in shares of Visa during the 3rd quarter worth about $31,000. TruNorth Capital Management LLC lifted its position in shares of Visa by 211.9% during the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock worth $34,000 after purchasing an additional 89 shares during the last quarter. Bbjs Financial Advisors LLC acquired a new stake in Visa in the 2nd quarter valued at approximately $35,000. Finally, CarsonAllaria Wealth Management Ltd. acquired a new stake in Visa in the 2nd quarter valued at approximately $35,000. 82.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

V has been the subject of several research reports. Oppenheimer reissued an “outperform” rating and issued a $321.00 price objective (up from $318.00) on shares of Visa in a research report on Wednesday, October 30th. Mizuho increased their price target on shares of Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a report on Friday, November 1st. StockNews.com upgraded shares of Visa from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Piper Sandler increased their target price on shares of Visa from $319.00 to $322.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada lifted their target price on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $321.74.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $148,687.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.19% of the stock is owned by company insiders.

Visa Stock Up 0.5 %

Shares of V opened at $293.36 on Wednesday. The company has a market capitalization of $534.59 billion, a P/E ratio of 30.15, a PEG ratio of 1.96 and a beta of 0.95. Visa Inc. has a one year low of $240.97 and a one year high of $296.34. The business’s 50 day simple moving average is $281.92 and its 200-day simple moving average is $273.97. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.37.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the previous year, the firm earned $2.33 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. As a group, sell-side analysts predict that Visa Inc. will post 11.18 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, November 12th. This is an increase from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.80%. Visa’s payout ratio is currently 21.38%.

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.