Visa Inc. $V Shares Bought by GPM Growth Investors Inc.

GPM Growth Investors Inc. lifted its stake in shares of Visa Inc. (NYSE:V) by 0.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,403 shares of the credit-card processor’s stock after purchasing an additional 239 shares during the quarter. Visa comprises about 4.4% of GPM Growth Investors Inc.’s investment portfolio, making the stock its 8th largest position. GPM Growth Investors Inc.’s holdings in Visa were worth $11,150,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in V. May Hill Capital LLC lifted its stake in shares of Visa by 5.8% in the second quarter. May Hill Capital LLC now owns 2,848 shares of the credit-card processor’s stock valued at $1,011,000 after purchasing an additional 157 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in Visa by 4.5% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 37,120 shares of the credit-card processor’s stock worth $13,179,000 after buying an additional 1,614 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Visa by 19.7% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 544,783 shares of the credit-card processor’s stock valued at $193,425,000 after buying an additional 89,600 shares in the last quarter. Advisory Alpha LLC increased its holdings in Visa by 6.3% in the second quarter. Advisory Alpha LLC now owns 5,946 shares of the credit-card processor’s stock valued at $2,112,000 after buying an additional 354 shares in the last quarter. Finally, SYM FINANCIAL Corp lifted its position in shares of Visa by 25.2% during the 2nd quarter. SYM FINANCIAL Corp now owns 3,166 shares of the credit-card processor’s stock valued at $1,124,000 after acquiring an additional 638 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the completion of the sale, the chief executive officer directly owned 537 shares in the company, valued at $183,815.10. The trade was a 95.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the transaction, the general counsel directly owned 11,925 shares of the company’s stock, valued at approximately $4,102,438.50. This represents a 14.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Raymond James Financial restated an “outperform” rating and issued a $408.00 price target (up previously from $398.00) on shares of Visa in a report on Wednesday. UBS Group set a $425.00 target price on Visa and gave the company a “buy” rating in a report on Wednesday. Wells Fargo & Company upgraded Visa to a “strong-buy” rating in a research report on Wednesday, October 22nd. KeyCorp reaffirmed an “overweight” rating and set a $405.00 price target on shares of Visa in a research note on Wednesday, October 22nd. Finally, Barclays reissued an “overweight” rating and issued a $408.00 price objective (up from $396.00) on shares of Visa in a research note on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and a consensus target price of $400.00.

Visa Stock Performance

NYSE V opened at $340.93 on Thursday. Visa Inc. has a fifty-two week low of $287.19 and a fifty-two week high of $375.51. The stock has a market cap of $624.86 billion, a price-to-earnings ratio of 33.39, a price-to-earnings-growth ratio of 2.05 and a beta of 0.90. The business has a fifty day moving average of $344.93 and a 200-day moving average of $348.30. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.01. The business had revenue of $10.72 billion for the quarter, compared to analyst estimates of $10.60 billion. Visa had a return on equity of 60.20% and a net margin of 50.15%.The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.71 earnings per share. As a group, analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. This is an increase from Visa’s previous quarterly dividend of $0.59. Visa’s dividend payout ratio is 23.05%.

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.