19,203 Shares in Visa Inc. (NYSE:V) Purchased by Kennedy Capital Management LLC

Kennedy Capital Management LLC bought a new stake in Visa Inc. (NYSE:V) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 19,203 shares of the credit-card processor’s stock, valued at approximately $5,359,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Mendota Financial Group LLC boosted its stake in Visa by 372.6% during the fourth quarter. Mendota Financial Group LLC now owns 1,276 shares of the credit-card processor’s stock worth $332,000 after buying an additional 1,006 shares in the last quarter. Next Capital Management LLC acquired a new position in Visa in the fourth quarter worth about $263,000. Meridian Financial Partners LLC lifted its stake in Visa by 3.0% during the fourth quarter. Meridian Financial Partners LLC now owns 8,101 shares of the credit-card processor’s stock worth $2,172,000 after purchasing an additional 236 shares during the period. Synergy Asset Management LLC boosted its holdings in Visa by 32.3% during the fourth quarter. Synergy Asset Management LLC now owns 6,878 shares of the credit-card processor’s stock valued at $1,791,000 after purchasing an additional 1,679 shares in the last quarter. Finally, Abacus Planning Group Inc. grew its stake in shares of Visa by 8.3% in the 4th quarter. Abacus Planning Group Inc. now owns 1,211 shares of the credit-card processor’s stock valued at $315,000 after purchasing an additional 93 shares during the period. 82.15% of the stock is owned by institutional investors.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. StockNews.com downgraded Visa from a “buy” rating to a “hold” rating in a research report on Tuesday. Oppenheimer increased their target price on shares of Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Mizuho boosted their price target on shares of Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Wedbush raised their price objective on shares of Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, TD Cowen reduced their target price on Visa from $320.00 to $318.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Seven investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average price target of $307.25.

Visa Trading Up 0.7 %

Shares of V traded up $1.76 during trading hours on Wednesday, reaching $264.86. The stock had a trading volume of 996,742 shares, compared to its average volume of 6,860,647. The company has a market cap of $484.41 billion, a P/E ratio of 29.39, a P/E/G ratio of 1.85 and a beta of 0.95. Visa Inc. has a 52 week low of $227.78 and a 52 week high of $290.96. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average of $269.44 and a 200 day moving average of $274.34.

Visa (NYSE:V) last released its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The business had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.92 billion. During the same quarter last year, the firm earned $2.16 earnings per share. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, sell-side analysts expect that Visa Inc. will post 9.91 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $2.08 dividend on an annualized basis and a yield of 0.79%. Visa’s dividend payout ratio is 23.24%.

Visa Company 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.