Visa Inc. (NYSE:V) Stock Holdings Increased by Perissos Private Wealth Management LLC

Perissos Private Wealth Management LLC grew its stake in shares of Visa Inc. (NYSE:V) by 6.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 5,382 shares of the credit-card processor’s stock after acquiring an additional 308 shares during the quarter. Visa makes up about 1.3% of Perissos Private Wealth Management LLC’s portfolio, making the stock its 26th biggest position. Perissos Private Wealth Management LLC’s holdings in Visa were worth $1,413,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of V. Hilltop National Bank purchased a new position in shares of Visa during the 1st quarter valued at $1,212,000. Absolute Capital Management LLC acquired a new stake in Visa during the first quarter valued at $404,000. SageView Advisory Group LLC boosted its position in Visa by 40.4% during the fourth quarter. SageView Advisory Group LLC now owns 25,137 shares of the credit-card processor’s stock valued at $6,967,000 after purchasing an additional 7,236 shares during the last quarter. Davidson Capital Management Inc. grew its stake in Visa by 0.5% in the first quarter. Davidson Capital Management Inc. now owns 9,275 shares of the credit-card processor’s stock valued at $2,588,000 after purchasing an additional 44 shares in the last quarter. Finally, Empirical Finance LLC increased its position in Visa by 4.4% in the 1st quarter. Empirical Finance LLC now owns 45,724 shares of the credit-card processor’s stock worth $12,761,000 after purchasing an additional 1,914 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Up 0.7 %

Shares of V opened at $287.35 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37. The company has a 50-day simple moving average of $268.29 and a 200-day simple moving average of $273.16. Visa Inc. has a 52 week low of $227.78 and a 52 week high of $290.96. The firm has a market capitalization of $523.64 billion, a P/E ratio of 32.11, a P/E/G ratio of 2.01 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, meeting the consensus estimate of $2.42. Visa had a return on equity of 51.94% and a net margin of 54.72%. The firm had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.92 billion. During the same quarter in the prior year, the firm posted $2.16 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities research analysts expect that Visa Inc. will post 9.92 earnings per share for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 9th were given a $0.52 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $2.08 annualized dividend and a yield of 0.72%. Visa’s dividend payout ratio (DPR) is currently 23.24%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on V shares. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Morgan Stanley decreased their target price on shares of Visa from $326.00 to $322.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Piper Sandler dropped their price target on shares of Visa from $322.00 to $319.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Macquarie reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Visa in a research note on Wednesday, July 24th. Finally, Compass Point began coverage on shares of Visa in a research report on Wednesday, September 4th. They set a “buy” rating and a $319.00 target price on the stock. Six analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $309.81.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $148,687.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

Visa Profile

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.