Mizuho Markets Cayman LP Makes New $476,000 Investment in Visa Inc. $V

Mizuho Markets Cayman LP bought a new position in Visa Inc. (NYSE:V) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,575 shares of the credit-card processor’s stock, valued at approximately $476,000.

A number of other institutional investors have also made changes to their positions in V. FOCUS Wealth Advisors LLC lifted its stake in Visa by 0.4% during the fourth quarter. FOCUS Wealth Advisors LLC now owns 7,710 shares of the credit-card processor’s stock worth $2,704,000 after purchasing an additional 31 shares during the last quarter. Planned Solutions Inc. increased its stake in Visa by 2.0% during the fourth quarter. Planned Solutions Inc. now owns 1,598 shares of the credit-card processor’s stock valued at $560,000 after purchasing an additional 31 shares during the last quarter. Frederick Financial Consultants LLC increased its stake in Visa by 2.0% during the fourth quarter. Frederick Financial Consultants LLC now owns 1,598 shares of the credit-card processor’s stock valued at $560,000 after purchasing an additional 31 shares during the last quarter. Spinnaker Investment Group LLC raised its holdings in shares of Visa by 3.0% during the fourth quarter. Spinnaker Investment Group LLC now owns 1,088 shares of the credit-card processor’s stock worth $382,000 after purchasing an additional 32 shares during the period. Finally, Kuhn & Co Investment Counsel raised its holdings in shares of Visa by 0.5% during the fourth quarter. Kuhn & Co Investment Counsel now owns 6,096 shares of the credit-card processor’s stock worth $2,138,000 after purchasing an additional 32 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Chris Suh sold 10,639 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the completion of the transaction, the chief financial officer directly owned 9,872 shares in the company, valued at approximately $3,206,524.32. The trade was a 51.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 31,455 shares of the stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total value of $10,699,103.70. Following the completion of the transaction, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at $5,161,284.36. This trade represents a 67.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 75,581 shares of company stock worth $25,627,975. Insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the subject of several research reports. Evercore set a $350.00 price target on shares of Visa in a report on Wednesday, April 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $400.00 price objective on shares of Visa in a research note on Wednesday, April 29th. BMO Capital Markets reissued an “outperform” rating and issued a $387.00 target price (up from $375.00) on shares of Visa in a report on Wednesday, July 15th. Sanford C. Bernstein restated an “outperform” rating and issued a $450.00 target price on shares of Visa in a research note on Tuesday, June 2nd. Finally, Citigroup decreased their target price on Visa from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Eight investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $398.36.

Visa Stock Performance

V stock opened at $353.10 on Thursday. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $365.14. The stock has a market capitalization of $633.38 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 1.89 and a beta of 0.75. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.09 and a current ratio of 1.09. The stock’s fifty day moving average is $336.39 and its two-hundred day moving average is $325.10.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, topping the consensus estimate of $3.10 by $0.21. Visa had a net margin of 51.68% and a return on equity of 65.00%. The business had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.75 billion. During the same quarter in the prior year, the firm earned $2.76 earnings per share. The company’s quarterly revenue was up 17.1% on a year-over-year basis. On average, research analysts predict that Visa Inc. will post 13.13 EPS for the current year.

Visa declared that its board has initiated a stock buyback program on Tuesday, April 28th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the credit-card processor to buy up to 3.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were given a $0.67 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $2.68 annualized dividend and a yield of 0.8%. Visa’s dividend payout ratio is 23.34%.

Visa 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.