Copper Rock Capital Partners LLC Purchases 3,487 Shares of Visa Inc. (V)
Copper Rock Capital Partners LLC boosted its position in Visa Inc. (NYSE:V) by 524.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,152 shares of the credit-card processor’s stock after buying an additional 3,487 shares during the quarter. Copper Rock Capital Partners LLC’s holdings in Visa were worth $324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Mercer Capital Advisers Inc. increased its position in Visa by 2.2% in the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after buying an additional 25 shares during the last quarter. Advantage Investment Management LLC increased its position in Visa by 27.4% in the first quarter. Advantage Investment Management LLC now owns 1,462 shares of the credit-card processor’s stock worth $130,000 after buying an additional 314 shares during the last quarter. Delta Asset Management LLC TN increased its position in Visa by 2.5% in the first quarter. Delta Asset Management LLC TN now owns 1,541 shares of the credit-card processor’s stock worth $137,000 after buying an additional 38 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in Visa in the first quarter worth $153,000. Finally, Tarbox Group Inc. increased its position in Visa by 259.5% in the first quarter. Tarbox Group Inc. now owns 2,139 shares of the credit-card processor’s stock worth $190,000 after buying an additional 1,544 shares during the last quarter. 81.74% of the stock is owned by institutional investors and hedge funds.
In related news, Director Mary B. Cranston sold 10,400 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $103.32, for a total value of $1,074,528.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Tullier Kelly Mahon sold 29,772 shares of the stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the completion of the transaction, the executive vice president now directly owns 17,360 shares of the company’s stock, valued at approximately $1,751,797.60. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.
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V has been the subject of several recent research reports. Vetr upgraded Visa from a “sell” rating to a “hold” rating and set a $105.08 price target for the company in a research report on Wednesday. BMO Capital Markets reiterated an “outperform” rating on shares of Visa in a research report on Tuesday. UBS AG reiterated an “overweight” rating on shares of Visa in a research report on Thursday, August 24th. Robert W. Baird reiterated a “buy” rating on shares of Visa in a research report on Thursday, August 24th. Finally, KeyCorp reiterated a “buy” rating and issued a $110.00 price target on shares of Visa in a research report on Friday, August 25th. Four analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $105.35.
Visa Inc. (NYSE:V) traded down 0.5436% during midday trading on Friday, hitting $105.5034. The stock had a trading volume of 4,976,758 shares. The company has a market capitalization of $241.23 billion, a PE ratio of 39.2352 and a beta of 0.94. The stock’s 50-day moving average is $102.66 and its 200-day moving average is $95.09. Visa Inc. has a 1-year low of $75.17 and a 1-year high of $106.84.
Visa (NYSE:V) last announced its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.05. Visa had a net margin of 36.53% and a return on equity of 30.95%. The firm had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter last year, the firm earned $0.69 EPS. The firm’s revenue for the quarter was up 25.8% compared to the same quarter last year. Equities research analysts forecast that Visa Inc. will post $3.43 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Friday, August 18th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend was Wednesday, August 16th. Visa’s payout ratio is 24.54%.
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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