Visa Inc. (NYSE:V) Shares Purchased by BCS Wealth Management

BCS Wealth Management raised its position in Visa Inc. (NYSE:V) by 42.0% in the third quarter, Holdings Channel reports. The fund owned 2,264 shares of the credit-card processor’s stock after buying an additional 670 shares during the period. BCS Wealth Management’s holdings in Visa were worth $623,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in V. Daymark Wealth Partners LLC lifted its stake in Visa by 0.8% during the first quarter. Daymark Wealth Partners LLC now owns 165,395 shares of the credit-card processor’s stock worth $46,158,000 after purchasing an additional 1,353 shares during the last quarter. BTC Capital Management Inc. acquired a new stake in Visa during the first quarter worth approximately $446,000. MCIA Inc lifted its position in shares of Visa by 3.5% during the 1st quarter. MCIA Inc now owns 4,782 shares of the credit-card processor’s stock worth $1,323,000 after buying an additional 162 shares during the last quarter. PFW Advisors LLC boosted its holdings in shares of Visa by 357.2% in the 1st quarter. PFW Advisors LLC now owns 9,048 shares of the credit-card processor’s stock valued at $2,525,000 after buying an additional 7,069 shares in the last quarter. Finally, Cardano Risk Management B.V. acquired a new stake in Visa during the 1st quarter worth $108,145,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Activity at Visa

In other 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 transaction of $2,382,309.40. Following the completion of the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $148,687.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on V. TD Cowen decreased their price objective on shares of Visa from $320.00 to $318.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. BNP Paribas upgraded Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price target on the stock in a research note on Tuesday, September 3rd. BMO Capital Markets lifted their price target on Visa from $300.00 to $310.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Robert W. Baird increased their price objective on Visa from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Evercore ISI cut their target price on shares of Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Four research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $314.19.

Visa Trading Up 0.1 %

Shares of V opened at $290.62 on Friday. Visa Inc. has a twelve month low of $228.03 and a twelve month high of $293.07. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $531.53 billion, a P/E ratio of 32.47, a PEG ratio of 1.94 and a beta of 0.96. The firm’s 50-day moving average is $276.91 and its two-hundred day moving average is $272.94.

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, hitting analysts’ consensus estimates of $2.42. The business 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 in the prior year, the firm posted $2.16 EPS. On average, research analysts predict 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. Investors of record on Friday, August 9th were given a $0.52 dividend. The ex-dividend date was Friday, August 9th. This represents a $2.08 annualized dividend and a dividend yield of 0.72%. Visa’s dividend payout ratio is presently 23.24%.

About Visa

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.