Orion Capital Management LLC Buys 139 Shares of Visa Inc. (NYSE:V)

Orion Capital Management LLC increased its stake in Visa Inc. (NYSE:V) by 3.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,445 shares of the credit-card processor’s stock after acquiring an additional 139 shares during the period. Orion Capital Management LLC’s holdings in Visa were worth $1,222,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. GG Group Ventures LLC grew its holdings in Visa by 3.1% during the 3rd quarter. GG Group Ventures LLC now owns 4,122 shares of the credit-card processor’s stock worth $1,133,000 after acquiring an additional 124 shares during the period. Geode Capital Management LLC grew its holdings in Visa by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 38,655,250 shares of the credit-card processor’s stock worth $10,601,135,000 after acquiring an additional 2,772,549 shares during the period. Foyston Gordon & Payne Inc grew its holdings in Visa by 2.1% during the 3rd quarter. Foyston Gordon & Payne Inc now owns 16,780 shares of the credit-card processor’s stock worth $4,614,000 after acquiring an additional 347 shares during the period. Goodman Advisory Group LLC grew its holdings in shares of Visa by 1.3% in the 3rd quarter. Goodman Advisory Group LLC now owns 6,226 shares of the credit-card processor’s stock valued at $1,712,000 after buying an additional 80 shares during the period. Finally, Greenwood Gearhart Inc. grew its holdings in shares of Visa by 10.6% in the 3rd quarter. Greenwood Gearhart Inc. now owns 44,663 shares of the credit-card processor’s stock valued at $12,280,000 after buying an additional 4,293 shares during the period. Institutional investors own 82.15% of the company’s stock.

Visa Stock Down 0.9 %

Visa stock opened at $308.30 on Tuesday. The stock has a market cap of $574.33 billion, a P/E ratio of 31.69, a P/E/G ratio of 2.09 and a beta of 0.96. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $317.42. The company’s 50-day moving average price is $296.38 and its two-hundred day moving average price is $279.98.

Visa (NYSE:V) last announced its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the prior year, the business posted $2.33 EPS. The business’s revenue was up 11.7% compared to the same quarter last year. As a group, analysts expect that Visa Inc. will post 11.19 EPS for the current year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Tuesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio is presently 24.25%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on V. Royal Bank of Canada boosted their price target on shares of Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Macquarie upped their target price on shares of Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. BMO Capital Markets upped their target price on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Mizuho upped their target price on shares of Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Piper Sandler upped their target price on shares of Visa from $319.00 to $322.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.41.

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company 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.