Visa Inc. (V) Holdings Maintained by Southpoint Capital Advisors LP
Southpoint Capital Advisors LP continued to hold its stake in Visa Inc. (NYSE:V) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 400,000 shares of the credit-card processor’s stock at the close of the second quarter. Visa accounts for 1.5% of Southpoint Capital Advisors LP’s portfolio, making the stock its 26th largest position. Southpoint Capital Advisors LP’s holdings in Visa were worth $37,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently made changes to their positions in V. Vantage Financial Partners Ltd. Inc. acquired a new stake in Visa during the second quarter worth about $958,000. Motco grew its holdings in Visa by 25.1% during the second quarter. Motco now owns 1,176 shares of the credit-card processor’s stock worth $110,000 after acquiring an additional 236 shares during the period. BDO Wealth Advisors LLC acquired a new stake in Visa during the second quarter worth about $115,000. Mascoma Wealth Management LLC acquired a new stake in Visa during the second quarter worth about $122,000. Finally, SpiderRock Advisors LLC grew its holdings in Visa by 107.1% during the second quarter. SpiderRock Advisors LLC now owns 1,309 shares of the credit-card processor’s stock worth $124,000 after acquiring an additional 19,709 shares during the period. 81.91% of the stock is currently owned by institutional investors and hedge funds.
In related news, SVP James H. Hoffmeister sold 2,146 shares of Visa stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $112.09, for a total transaction of $240,545.14. Following the transaction, the senior vice president now owns 687 shares in the company, valued at $77,005.83. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.14% of the company’s stock.
Several analysts recently commented on V shares. Vetr lowered Visa from a “hold” rating to a “sell” rating and set a $100.88 target price on the stock. in a report on Tuesday, August 22nd. Robert W. Baird reaffirmed a “buy” rating on shares of Visa in a report on Thursday, August 24th. UBS reaffirmed an “overweight” rating on shares of Visa in a report on Thursday, August 24th. KeyCorp reaffirmed a “buy” rating and set a $110.00 target price on shares of Visa in a report on Friday, August 25th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Visa in a report on Tuesday, September 12th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Visa presently has a consensus rating of “Buy” and an average price target of $117.08.
Visa Inc. (V) traded down $0.23 during midday trading on Tuesday, hitting $112.37. The stock had a trading volume of 7,538,600 shares, compared to its average volume of 7,659,476. The stock has a market capitalization of $233,266.78, a P/E ratio of 32.36, a PEG ratio of 1.65 and a beta of 0.97. Visa Inc. has a 1-year low of $77.19 and a 1-year high of $113.62. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.90 and a current ratio of 1.90.
Visa (NYSE:V) last released its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.05. The business had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.63 billion. Visa had a return on equity of 31.80% and a net margin of 36.49%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 earnings per share. research analysts forecast that Visa Inc. will post 4.05 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th were given a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Thursday, November 16th. This is an increase from Visa’s previous quarterly dividend of $0.17. Visa’s dividend payout ratio (DPR) is 27.86%.
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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