University of Notre Dame DU Lac increased its stake in shares of Visa Inc (NYSE:V) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,700 shares of the credit-card processor’s stock after acquiring an additional 994 shares during the quarter. University of Notre Dame DU Lac’s holdings in Visa were worth $4,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of V. Krilogy Financial LLC lifted its holdings in Visa by 0.3% in the 2nd quarter. Krilogy Financial LLC now owns 2,572 shares of the credit-card processor’s stock worth $241,000 after buying an additional 7 shares during the period. Raab & Moskowitz Asset Management LLC lifted its holdings in Visa by 0.5% in the 2nd quarter. Raab & Moskowitz Asset Management LLC now owns 7,428 shares of the credit-card processor’s stock worth $739,000 after buying an additional 38 shares during the period. Westside Investment Management Inc. lifted its holdings in Visa by 2.4% in the 2nd quarter. Westside Investment Management Inc. now owns 1,680 shares of the credit-card processor’s stock worth $160,000 after buying an additional 40 shares during the period. IMS Capital Management lifted its holdings in Visa by 1.0% in the 2nd quarter. IMS Capital Management now owns 4,878 shares of the credit-card processor’s stock worth $457,000 after buying an additional 48 shares during the period. Finally, Arete Wealth Advisors LLC lifted its holdings in Visa by 1.3% in the 2nd quarter. Arete Wealth Advisors LLC now owns 4,252 shares of the credit-card processor’s stock worth $399,000 after buying an additional 56 shares during the period. Institutional investors and hedge funds own 81.28% of the company’s stock.
Several equities research analysts have weighed in on V shares. Citigroup reiterated a “buy” rating and issued a $136.00 price objective (up previously from $124.00) on shares of Visa in a report on Friday, January 12th. Vetr upgraded Visa from a “hold” rating to a “buy” rating and set a $126.37 target price for the company in a research note on Monday, February 5th. BMO Capital Markets raised their target price on Visa from $116.00 to $134.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded Visa from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Thursday, January 25th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $123.00 target price on shares of Visa in a research note on Monday, January 29th. Two investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Visa presently has an average rating of “Buy” and an average target price of $133.85.
Visa Inc (NYSE V) opened at $121.85 on Friday. Visa Inc has a 52-week low of $86.98 and a 52-week high of $126.88. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market capitalization of $276,140.00, a P/E ratio of 40.35, a P/E/G ratio of 1.61 and a beta of 1.03.
Visa (NYSE:V) last posted its quarterly earnings data on Thursday, February 1st. The credit-card processor reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.10. Visa had a return on equity of 32.97% and a net margin of 38.12%. The company had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same quarter last year, the company earned $0.86 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. equities analysts forecast that Visa Inc will post 4.37 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Friday, February 16th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, February 15th. This is a positive change from Visa’s previous quarterly dividend of $0.20. Visa’s dividend payout ratio (DPR) is 27.81%.
Visa announced that its board has approved a share buyback program on Thursday, February 1st that allows the company to repurchase $7.50 billion in shares. This repurchase authorization allows the credit-card processor to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.
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Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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