Rockingstone Advisors LLC Acquires 105 Shares of Visa Inc. (NYSE:V)

Rockingstone Advisors LLC increased its position in shares of Visa Inc. (NYSE:V) by 2.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,737 shares of the credit-card processor’s stock after acquiring an additional 105 shares during the period. Rockingstone Advisors LLC’s holdings in Visa were worth $1,243,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. MV Capital Management Inc. lifted its holdings in Visa by 1.4% during the 4th quarter. MV Capital Management Inc. now owns 15,959 shares of the credit-card processor’s stock worth $4,155,000 after buying an additional 216 shares during the period. WCM Investment Management LLC lifted its holdings in Visa by 1.0% during the 4th quarter. WCM Investment Management LLC now owns 2,519,197 shares of the credit-card processor’s stock worth $655,999,000 after buying an additional 25,366 shares during the period. Louisiana State Employees Retirement System acquired a new position in Visa during the 4th quarter worth about $25,098,000. Crumly & Associates Inc. lifted its holdings in Visa by 43.8% during the 4th quarter. Crumly & Associates Inc. now owns 2,023 shares of the credit-card processor’s stock worth $527,000 after buying an additional 616 shares during the period. Finally, Triasima Portfolio Management inc. lifted its holdings in Visa by 29.6% during the 4th quarter. Triasima Portfolio Management inc. now owns 15,409 shares of the credit-card processor’s stock worth $4,012,000 after buying an additional 3,520 shares during the period. Institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. TD Cowen cut their target price on Visa from $320.00 to $318.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Mizuho boosted their price objective on Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Macquarie reissued an “outperform” rating and issued a $300.00 price objective on shares of Visa in a research note on Wednesday, July 24th. Citigroup dropped their price objective on Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Finally, Morgan Stanley dropped their price objective on Visa from $326.00 to $322.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and an average price target of $307.25.

Visa Price Performance

Shares of V stock traded up $0.56 on Friday, reaching $267.36. The company’s stock had a trading volume of 5,110,843 shares, compared to its average volume of 7,227,860. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. 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 $487.21 billion, a P/E ratio of 29.78, a PEG ratio of 1.84 and a beta of 0.95. The stock’s 50 day simple moving average is $266.63 and its 200-day simple moving average is $273.64.

Visa (NYSE:V) last issued 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. Visa had a return on equity of 51.94% and a net margin of 54.72%. The company had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.92 billion. During the same quarter last year, the business posted $2.16 earnings per share. The firm’s revenue was up 9.6% compared to the same quarter last year. As a group, equities analysts predict that Visa Inc. will post 9.91 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors 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 yield of 0.78%. Visa’s dividend payout ratio is presently 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.