Stance Capital LLC Acquires 3,772 Shares of Visa Inc. $V

Stance Capital LLC boosted its holdings in shares of Visa Inc. (NYSE:VFree Report) by 82.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,363 shares of the credit-card processor’s stock after acquiring an additional 3,772 shares during the period. Visa accounts for about 1.0% of Stance Capital LLC’s investment portfolio, making the stock its 26th largest holding. Stance Capital LLC’s holdings in Visa were worth $2,855,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of V. Parvin Asset Management LLC lifted its holdings in shares of Visa by 200.0% during the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock valued at $26,000 after purchasing an additional 50 shares during the last quarter. Sagard Holdings Management Inc. bought a new stake in shares of Visa in the 2nd quarter worth approximately $31,000. Bare Financial Services Inc increased its position in Visa by 287.0% during the 2nd quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock valued at $32,000 after buying an additional 66 shares in the last quarter. Winnow Wealth LLC bought a new position in Visa during the 2nd quarter valued at approximately $40,000. Finally, Imprint Wealth LLC purchased a new position in Visa during the third quarter valued at $39,000. Institutional investors own 82.15% of the company’s stock.

Visa Stock Down 0.5%

V stock opened at $308.55 on Wednesday. The stock has a market capitalization of $560.07 billion, a P/E ratio of 28.94, a P/E/G ratio of 1.78 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. The business has a fifty day moving average price of $323.65 and a 200-day moving average price of $335.32.

Visa (NYSE:VGet Free Report) last released its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, beating the consensus estimate of $3.14 by $0.03. Visa had a return on equity of 61.74% and a net margin of 50.23%.The company had revenue of $10.90 billion for the quarter, compared to analysts’ expectations of $10.69 billion. During the same period last year, the firm posted $2.75 earnings per share. Visa’s revenue was up 14.6% compared to the same quarter last year. Equities analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $349.18, for a total transaction 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. This represents a 52.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lloyd Carney sold 650 shares of Visa stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total transaction of $201,253.00. Following the completion of the sale, the director directly owned 2,679 shares of the company’s stock, valued at approximately $829,471.98. This trade represents a 19.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the topic of several analyst reports. Freedom Capital raised Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Bank of America initiated coverage on Visa in a research report on Thursday, March 5th. They issued a “buy” rating and a $410.00 price target for the company. UBS Group reiterated a “buy” rating on shares of Visa in a research note on Tuesday, January 13th. Cantor Fitzgerald upgraded shares of Visa to a “strong-buy” rating in a research note on Tuesday, January 27th. Finally, HSBC raised shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $392.65.

Get Our Latest Stock Analysis on V

Key Visa News

Here are the key news stories impacting Visa this week:

Visa Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Visa (NYSE:V)

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