Visa Inc. (NYSE:V) Shares Acquired by Enterprise Bank & Trust Co

Enterprise Bank & Trust Co lifted its position in Visa Inc. (NYSE:V) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,561 shares of the credit-card processor’s stock after purchasing an additional 429 shares during the period. Visa comprises about 1.1% of Enterprise Bank & Trust Co’s portfolio, making the stock its 25th biggest holding. Enterprise Bank & Trust Co’s holdings in Visa were worth $2,746,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC boosted its position in Visa by 116,608.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock worth $5,090,978,000 after purchasing an additional 24,483,134 shares in the last quarter. Norges Bank acquired a new position in shares of Visa during the 4th quarter worth about $3,067,232,000. Morgan Stanley boosted its holdings in Visa by 13.0% in the 4th quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock worth $10,621,287,000 after buying an additional 5,864,340 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Visa by 130.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 7,042,098 shares of the credit-card processor’s stock worth $680,069,000 after buying an additional 3,986,135 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Visa by 3.7% in the first quarter. State Street Corp now owns 72,897,112 shares of the credit-card processor’s stock valued at $16,435,339,000 after acquiring an additional 2,572,159 shares in the last quarter. 81.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Royal Bank of Canada boosted their price target on Visa from $265.00 to $290.00 in a research report on Wednesday, July 26th. StockNews.com began coverage on shares of Visa in a research report on Thursday, August 17th. They issued a “buy” rating for the company. Robert W. Baird restated an “outperform” rating and set a $284.00 price target on shares of Visa in a research report on Thursday. Raymond James raised their target price on shares of Visa from $282.00 to $284.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 26th. Finally, Mizuho restated a “neutral” rating and issued a $255.00 price target on shares of Visa in a research report on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $273.77.

Visa Stock Down 0.2 %

Shares of NYSE:V opened at $241.00 on Friday. Visa Inc. has a fifty-two week low of $174.60 and a fifty-two week high of $250.06. The firm’s 50 day moving average price is $241.58 and its 200 day moving average price is $232.04. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.55. The stock has a market cap of $448.70 billion, a price-to-earnings ratio of 30.58, a price-to-earnings-growth ratio of 1.81 and a beta of 0.95.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 25th. The credit-card processor reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.05. The business had revenue of $8.12 billion for the quarter, compared to analyst estimates of $8.06 billion. Visa had a net margin of 51.94% and a return on equity of 49.42%. The company’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the business earned $1.98 EPS. As a group, equities research analysts predict that Visa Inc. will post 8.65 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Thursday, August 10th. Visa’s dividend payout ratio (DPR) is presently 22.84%.

Insider Buying and Selling

In other news, insider Rajat Taneja sold 15,800 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $250.01, for a total transaction of $3,950,158.00. Following the completion of the sale, the insider now owns 232,112 shares in the company, valued at approximately $58,030,321.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Visa news, CEO Ryan Mcinerney sold 425 shares of the business’s stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $240.00, for a total value of $102,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Rajat Taneja sold 15,800 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $250.01, for a total transaction of $3,950,158.00. Following the transaction, the insider now owns 232,112 shares in the company, valued at $58,030,321.12. The disclosure for this sale can be found here. Insiders sold a total of 81,550 shares of company stock worth $19,795,806 over the last 90 days. 0.22% of the stock is owned by insiders.

Visa Profile

Visa Inc operates as a payments technology company worldwide. 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, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; 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.