Y.D. More Investments Ltd Lowers Stock Holdings in Visa Inc. (NYSE:V)

Y.D. More Investments Ltd lowered its stake in Visa Inc. (NYSE:V) by 9.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,788 shares of the credit-card processor’s stock after selling 1,689 shares during the period. Visa accounts for about 0.9% of Y.D. More Investments Ltd’s holdings, making the stock its 26th largest holding. Y.D. More Investments Ltd’s holdings in Visa were worth $3,749,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in V. Steigerwald Gordon & Koch Inc. lifted its position in Visa by 1.2% in the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 77,046 shares of the credit-card processor’s stock valued at $17,371,000 after acquiring an additional 951 shares in the last quarter. Atomi Financial Group Inc. bought a new position in shares of Visa during the first quarter valued at $677,000. Point72 Europe London LLP boosted its position in shares of Visa by 56.4% during the fourth quarter. Point72 Europe London LLP now owns 24,871 shares of the credit-card processor’s stock valued at $5,167,000 after buying an additional 8,971 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Visa by 9.1% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 371,379 shares of the credit-card processor’s stock worth $83,731,000 after buying an additional 30,849 shares in the last quarter. Finally, BerganKDV Wealth Management LLC raised its position in Visa by 7.9% in the 1st quarter. BerganKDV Wealth Management LLC now owns 24,257 shares of the credit-card processor’s stock worth $5,469,000 after buying an additional 1,773 shares during the last quarter. Institutional investors own 81.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on V. Truist Financial lifted their price target on shares of Visa from $270.00 to $275.00 in a research note on Wednesday, July 26th. Credit Suisse Group lifted their price objective on Visa from $265.00 to $275.00 in a report on Wednesday, July 26th. Robert W. Baird reissued an “outperform” rating and issued a $284.00 target price on shares of Visa in a report on Thursday, September 14th. Jefferies Financial Group boosted their price target on Visa from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, July 19th. Finally, Raymond James increased their price objective 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $273.77.

Visa Stock Up 1.5 %

Shares of V opened at $244.64 on Tuesday. The business’s 50 day moving average is $241.67 and its 200 day moving average is $232.37. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.55. Visa Inc. has a 12-month low of $174.60 and a 12-month high of $250.06. The company has a market capitalization of $455.48 billion, a PE ratio of 31.05, a price-to-earnings-growth ratio of 1.81 and a beta of 0.95.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 25th. The credit-card processor reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.05. Visa had a net margin of 51.94% and a return on equity of 49.42%. The firm had revenue of $8.12 billion for the quarter, compared to analysts’ expectations of $8.06 billion. During the same quarter last year, the business posted $1.98 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. Research analysts expect that Visa Inc. will post 8.65 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Thursday, August 10th. Visa’s dividend payout ratio (DPR) is presently 22.84%.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 24,025 shares of Visa stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $240.00, for a total value of $5,766,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Visa news, CEO Ryan Mcinerney sold 24,025 shares of Visa stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $240.00, for a total value of $5,766,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Rajat Taneja sold 22,700 shares of Visa stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $240.21, for a total transaction of $5,452,767.00. Following the completion of the transaction, the insider now directly owns 232,112 shares of the company’s stock, valued at $55,755,623.52. 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. Corporate insiders own 0.21% of the company’s stock.

Visa Company 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.