Junto Capital Management LP Makes New $110.03 Million Investment in Visa Inc. $V

Junto Capital Management LP purchased a new position in Visa Inc. (NYSE:V) during the third quarter, Holdings Channel reports. The institutional investor purchased 322,311 shares of the credit-card processor’s stock, valued at approximately $110,031,000. Visa accounts for 2.3% of Junto Capital Management LP’s investment portfolio, making the stock its 12th largest position.

Other institutional investors also recently modified their holdings of the company. Sagard Holdings Management Inc. acquired a new stake in Visa during the 2nd quarter worth about $31,000. Bare Financial Services Inc lifted its stake in shares of Visa by 287.0% in the 2nd quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock valued at $32,000 after purchasing an additional 66 shares during the period. Imprint Wealth LLC bought a new stake in shares of Visa during the 3rd quarter valued at about $39,000. Winnow Wealth LLC bought a new stake in shares of Visa during the 2nd quarter valued at about $40,000. Finally, Moisand Fitzgerald Tamayo LLC grew its stake in Visa by 344.8% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 129 shares of the credit-card processor’s stock worth $44,000 after purchasing an additional 100 shares during the period. 82.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on V shares. Evercore set a $380.00 target price on Visa in a report on Friday, December 12th. Macquarie Infrastructure restated an “outperform” rating and set a $410.00 price target on shares of Visa in a report on Friday, January 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Visa in a research report on Wednesday, January 21st. Truist Financial set a $372.00 price objective on shares of Visa in a research note on Tuesday, February 10th. Finally, Cantor Fitzgerald upgraded shares of Visa to a “strong-buy” rating in a research report on Tuesday, January 27th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $392.65.

Visa Stock Performance

NYSE V opened at $310.10 on Tuesday. The company has a fifty day moving average price of $324.62 and a 200-day moving average price of $335.62. The firm has a market cap of $562.88 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 1.76 and a beta of 0.78. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.11. Visa Inc. has a 1 year low of $299.00 and a 1 year high of $375.51.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $3.14 by $0.03. Visa had a net margin of 50.23% and a return on equity of 61.74%. The company had revenue of $10.90 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same period last year, the firm earned $2.75 earnings per share. The firm’s revenue was up 14.6% on a year-over-year basis. As a group, equities research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $2.68 annualized dividend and a dividend yield of 0.9%. Visa’s dividend payout ratio (DPR) is currently 25.14%.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $349.18, for a total value of $3,661,152.30. Following the transaction, the chief executive officer owned 9,401 shares in the company, valued at $3,282,641.18. The trade was a 52.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lloyd Carney sold 650 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total value of $201,253.00. Following the completion of the transaction, the director directly owned 2,679 shares of the company’s stock, valued at approximately $829,471.98. This represents a 19.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is owned by insiders.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.