Visa Inc. $V Stake Boosted by One Way Holdings LLC

One Way Holdings LLC boosted its holdings in Visa Inc. (NYSE:V) by 6.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 66,466 shares of the credit-card processor’s stock after acquiring an additional 4,265 shares during the quarter. One Way Holdings LLC’s holdings in Visa were worth $23,883,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Beacon Capital Management LLC increased its holdings in shares of Visa by 2.0% in the 3rd quarter. Beacon Capital Management LLC now owns 1,283 shares of the credit-card processor’s stock worth $461,000 after buying an additional 25 shares during the last quarter. Argyle Capital Partners LLC lifted its holdings in shares of Visa by 0.7% during the 3rd quarter. Argyle Capital Partners LLC now owns 3,912 shares of the credit-card processor’s stock worth $1,406,000 after acquiring an additional 27 shares during the last quarter. Verus Financial Partners Inc. lifted its holdings in shares of Visa by 3.7% during the 3rd quarter. Verus Financial Partners Inc. now owns 752 shares of the credit-card processor’s stock worth $270,000 after acquiring an additional 27 shares during the last quarter. Concorde Asset Management LLC lifted its holdings in shares of Visa by 4.0% during the 2nd quarter. Concorde Asset Management LLC now owns 728 shares of the credit-card processor’s stock worth $250,000 after acquiring an additional 28 shares during the last quarter. Finally, Ellis Investment Partners LLC grew its position in Visa by 2.1% in the third quarter. Ellis Investment Partners LLC now owns 1,363 shares of the credit-card processor’s stock worth $490,000 after acquiring an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

NYSE V opened at $413.69 on Monday. The company has a 50-day simple moving average of $381.31 and a two-hundred day simple moving average of $342.25. Visa Inc. has a 12-month low of $293.89 and a 12-month high of $417.00. The firm has a market cap of $738.20 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 1.76 and a beta of 0.77. The company has a quick ratio of 0.99, a current ratio of 0.97 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last released its earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share for the quarter, beating analysts’ consensus estimates of $3.44 by $0.04. Visa had a return on equity of 70.50% and a net margin of 51.20%. The company had revenue of $12.14 billion during the quarter, compared to analyst estimates of $12.09 billion. During the same quarter in the previous year, the company posted $2.98 EPS. Visa’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, equities analysts forecast that Visa Inc. will post 15.03 EPS for the current year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 10th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This is a positive change from Visa’s previous quarterly dividend of $0.67. This represents a $3.12 annualized dividend and a dividend yield of 0.8%. Visa’s payout ratio is presently 25.30%.

Wall Street Analysts Forecast Growth

V has been the topic of a number of research reports. DZ Bank restated a “buy” rating on shares of Visa in a research report on Monday, August 3rd. Loop Capital upped their price objective on Visa from $387.00 to $404.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. KeyCorp increased their price objective on Visa from $415.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. President Capital increased their price objective on Visa from $411.00 to $474.00 and gave the company a “buy” rating in a research report on Monday, August 17th. Finally, Clear Str raised Visa to a “strong-buy” rating in a report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating and thirty-five have issued a Buy rating to the company. According to MarketBeat, Visa has an average rating of “Buy” and a consensus target price of $440.03.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 5,875 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $367.87, for a total value of $2,161,236.25. Following the transaction, the chief executive officer owned 15,174 shares in the company, valued at approximately $5,582,059.38. The trade was a 27.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie B. Rottenberg sold 2,028 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $381.35, for a total transaction of $773,377.80. Following the transaction, the general counsel directly owned 18,404 shares of the company’s stock, valued at approximately $7,018,365.40. This trade represents a 9.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 21,520 shares of company stock worth $7,960,757. 0.12% of the stock is owned by insiders.

Visa Company Profile

Visa Inc (NYSE: V) is a global payments technology company that facilitates electronic payments between consumers, businesses, financial institutions and governments. Through its VisaNet network, the company authorizes, clears and settles transactions made with Visa-branded credit, debit and prepaid cards, while generally not issuing cards, extending credit or setting cardholder account terms.

Visa provides payment products and services for consumer, commercial and government payments, as well as digital commerce and money movement.