Coppell Advisory Solutions Corp. Takes $818,000 Position in Visa Inc. (NYSE:V)

Coppell Advisory Solutions Corp. acquired a new stake in shares of Visa Inc. (NYSE:V) during the 1st quarter, Holdings Channel reports. The fund acquired 2,932 shares of the credit-card processor’s stock, valued at approximately $818,000.

Several other institutional investors and hedge funds have also recently modified their holdings of V. Clear Point Advisors Inc. increased its holdings in Visa by 5.7% in the 1st quarter. Clear Point Advisors Inc. now owns 1,792 shares of the credit-card processor’s stock valued at $500,000 after acquiring an additional 97 shares during the last quarter. Creekmur Asset Management LLC grew its stake in shares of Visa by 50.0% in the 1st quarter. Creekmur Asset Management LLC now owns 975 shares of the credit-card processor’s stock worth $272,000 after buying an additional 325 shares in the last quarter. Motley Fool Asset Management LLC grew its stake in shares of Visa by 11.8% in the 1st quarter. Motley Fool Asset Management LLC now owns 67,098 shares of the credit-card processor’s stock worth $18,726,000 after buying an additional 7,095 shares in the last quarter. Redwood Investment Management LLC grew its stake in shares of Visa by 2.8% in the 1st quarter. Redwood Investment Management LLC now owns 13,927 shares of the credit-card processor’s stock worth $3,887,000 after buying an additional 382 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co grew its stake in shares of Visa by 13.0% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 69,546 shares of the credit-card processor’s stock worth $19,409,000 after buying an additional 7,990 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on V shares. Evercore ISI dropped their price objective on shares of Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Wedbush lifted their price target on shares of Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Citigroup dropped their price target on shares of Visa from $321.00 to $319.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. TD Cowen dropped their price target on shares of Visa from $320.00 to $318.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Finally, Morgan Stanley dropped their price target on shares of Visa from $326.00 to $322.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Seven equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $307.25.

Visa Stock Up 0.2 %

Visa stock traded up $0.56 during trading on Thursday, reaching $266.23. The stock had a trading volume of 2,128,412 shares, compared to its average volume of 6,873,665. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. Visa Inc. has a 52-week low of $227.78 and a 52-week high of $290.96. The business has a 50 day moving average price of $269.24 and a 200 day moving average price of $274.28. The stock has a market cap of $486.92 billion, a PE ratio of 29.68, a P/E/G ratio of 1.86 and a beta of 0.95.

Visa (NYSE:V) last issued its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, hitting the consensus estimate of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The company had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. During the same period in the previous year, the firm earned $2.16 EPS. The business’s revenue was up 9.6% on a year-over-year basis. On average, analysts predict that Visa Inc. will post 9.91 EPS for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Friday, August 9th. Visa’s dividend payout ratio (DPR) is currently 23.24%.

Visa 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.