Visa Inc. $V Stake Lessened by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. cut its stake in Visa Inc. (NYSE:V) by 40.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,414 shares of the credit-card processor’s stock after selling 9,847 shares during the period. Landscape Capital Management L.L.C.’s holdings in Visa were worth $4,945,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Nixon Peabody Trust Co. lifted its stake in Visa by 58.1% during the first quarter. Nixon Peabody Trust Co. now owns 4,201 shares of the credit-card processor’s stock worth $1,270,000 after purchasing an additional 1,543 shares during the last quarter. Vanguard Group Inc. increased its stake in Visa by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 160,975,832 shares of the credit-card processor’s stock valued at $56,455,834,000 after purchasing an additional 1,054,343 shares during the last quarter. Beacon Financial Group increased its stake in Visa by 83.9% during the first quarter. Beacon Financial Group now owns 22,501 shares of the credit-card processor’s stock valued at $6,801,000 after purchasing an additional 10,267 shares during the last quarter. Sterling Investment Management LLC raised its holdings in shares of Visa by 43.7% during the fourth quarter. Sterling Investment Management LLC now owns 17,832 shares of the credit-card processor’s stock worth $6,254,000 after purchasing an additional 5,421 shares during the period. Finally, Pincus Capital Management LP bought a new position in shares of Visa in the 4th quarter worth about $4,278,000. 82.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

V has been the subject of a number of recent research reports. Susquehanna reaffirmed a “positive” rating and set a $427.00 price objective (up from $410.00) on shares of Visa in a research report on Wednesday, July 29th. Weiss Ratings upgraded Visa from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 30th. Truist Financial set a $406.00 target price on Visa and gave the company a “buy” rating in a report on Wednesday, August 5th. Royal Bank Of Canada reiterated an “outperform” rating and set a $412.00 price target (up from $395.00) on shares of Visa in a research report on Wednesday, July 29th. Finally, BMO Capital Markets boosted their price objective on Visa from $387.00 to $405.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Seven investment analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $413.58.

Visa Trading Up 1.5%

Visa stock opened at $371.09 on Friday. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $373.97. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $662.18 billion, a price-to-earnings ratio of 31.56, a PEG ratio of 1.96 and a beta of 0.74. The firm has a 50-day moving average price of $353.73 and a two-hundred day moving average price of $329.64.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 EPS for the quarter, beating the consensus estimate of $3.23 by $0.09. The company had revenue of $11.63 billion for the quarter, compared to analyst estimates of $11.40 billion. Visa had a net margin of 50.78% and a return on equity of 67.68%. Visa’s revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.98 earnings per share. Sell-side analysts expect that Visa Inc. will post 13.16 earnings per share for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, August 11th. Visa’s dividend payout ratio (DPR) is currently 22.79%.

Visa declared that its Board of Directors has initiated a share buyback plan on Tuesday, April 28th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the credit-card processor to reacquire up to 3.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Visa

In other Visa news, insider Tullier Kelly Mahon sold 57,272 shares of Visa stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $364.97, for a total transaction of $20,902,561.84. Following the sale, the insider owned 49,662 shares of the company’s stock, valued at $18,125,140.14. The trade was a 53.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total value of $729,720.00. Following the sale, the general counsel directly owned 18,404 shares in the company, valued at $6,625,440. The trade was a 9.92% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 90,759 shares of company stock worth $32,375,779 in the last three months. 0.12% of the stock is owned by company insiders.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.