Pacer Advisors Inc. lifted its holdings in shares of Visa Inc. (NYSE:V) by 8.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,807 shares of the credit-card processor’s stock after purchasing an additional 2,755 shares during the period. Pacer Advisors Inc.’s holdings in Visa were worth $3,358,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Wallington Asset Management LLC increased its stake in Visa by 3.8% in the second quarter. Wallington Asset Management LLC now owns 57,779 shares of the credit-card processor’s stock valued at $5,419,000 after purchasing an additional 2,090 shares in the last quarter. iAB Financial Bank increased its stake in Visa by 2.6% in the second quarter. iAB Financial Bank now owns 56,963 shares of the credit-card processor’s stock valued at $5,342,000 after purchasing an additional 1,423 shares in the last quarter. Carret Asset Management LLC increased its stake in Visa by 4.5% in the first quarter. Carret Asset Management LLC now owns 27,037 shares of the credit-card processor’s stock valued at $2,403,000 after purchasing an additional 1,153 shares in the last quarter. Cypress Asset Management Inc. TX increased its stake in Visa by 31.1% in the second quarter. Cypress Asset Management Inc. TX now owns 14,720 shares of the credit-card processor’s stock valued at $1,380,000 after purchasing an additional 3,495 shares in the last quarter. Finally, DE Burlo Group Inc. increased its stake in Visa by 65.9% in the first quarter. DE Burlo Group Inc. now owns 145,000 shares of the credit-card processor’s stock valued at $12,886,000 after purchasing an additional 57,600 shares in the last quarter. Institutional investors own 82.46% of the company’s stock.
In related news, Director Mary B. Cranston sold 10,400 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total value of $1,074,528.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.14% of the company’s stock.
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Shares of Visa Inc. (NYSE V) opened at $111.40 on Tuesday. Visa Inc. has a 12-month low of $75.17 and a 12-month high of $112.90. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.65. The company has a market cap of $232,262.88, a PE ratio of 32.15, a PEG ratio of 1.64 and a beta of 0.97.
Visa (NYSE:V) last issued its quarterly earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.05. The company had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.63 billion. Visa had a net margin of 36.49% and a return on equity of 31.80%. Visa’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the business earned $0.78 EPS. research analysts predict that Visa Inc. will post 4.05 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th will be paid a $0.195 dividend. The ex-dividend date is Thursday, November 16th. This is a positive change from Visa’s previous quarterly dividend of $0.17. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.70%. Visa’s payout ratio is currently 23.57%.
Several equities research analysts have recently commented on V shares. Mizuho reiterated a “buy” rating and issued a $115.00 target price on shares of Visa in a research note on Thursday, October 12th. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a research note on Tuesday, September 19th. BidaskClub upgraded shares of Visa from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 10th. BMO Capital Markets boosted their target price on shares of Visa from $116.00 to $134.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. Finally, UBS AG reiterated an “overweight” rating on shares of Visa in a research note on Thursday, August 24th. Three equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $116.08.
Visa Company Profile
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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