Perpetual Ltd Has $1.77 Million Holdings in Visa Inc. (NYSE:V)

Perpetual Ltd increased its stake in Visa Inc. (NYSE:VFree Report) by 0.8% in the first quarter, Holdings Channel.com reports. The firm owned 6,344 shares of the credit-card processor’s stock after purchasing an additional 52 shares during the quarter. Perpetual Ltd’s holdings in Visa were worth $1,770,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Montecito Bank & Trust boosted its stake in shares of Visa by 1.1% during the 1st quarter. Montecito Bank & Trust now owns 11,612 shares of the credit-card processor’s stock worth $3,241,000 after buying an additional 122 shares during the last quarter. Welch Group LLC boosted its stake in shares of Visa by 5.2% during the 1st quarter. Welch Group LLC now owns 25,608 shares of the credit-card processor’s stock worth $7,147,000 after buying an additional 1,274 shares during the last quarter. Woodstock Corp boosted its stake in shares of Visa by 1.0% during the 1st quarter. Woodstock Corp now owns 35,446 shares of the credit-card processor’s stock worth $9,892,000 after buying an additional 366 shares during the last quarter. Collective Family Office LLC boosted its stake in shares of Visa by 6.9% during the 1st quarter. Collective Family Office LLC now owns 2,229 shares of the credit-card processor’s stock worth $622,000 after buying an additional 144 shares during the last quarter. Finally, Rise Advisors LLC lifted its stake in Visa by 218.3% in the 1st quarter. Rise Advisors LLC now owns 974 shares of the credit-card processor’s stock valued at $272,000 after purchasing an additional 668 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on V. Wedbush raised their target price on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Oppenheimer raised their target price on shares of Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Mizuho raised their target price on shares of Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Macquarie raised their target price on shares of Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Finally, Citigroup raised their target price on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $303.76.

Read Our Latest Stock Analysis on Visa

Visa Price Performance

Visa stock traded up $3.23 during mid-day trading on Thursday, reaching $276.85. The company had a trading volume of 10,163,746 shares, compared to its average volume of 6,346,391. Visa Inc. has a fifty-two week low of $224.98 and a fifty-two week high of $290.96. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. The company has a market cap of $506.34 billion, a P/E ratio of 30.93, a P/E/G ratio of 1.87 and a beta of 0.97. The business has a fifty day simple moving average of $273.99 and a 200 day simple moving average of $272.74.

Visa (NYSE:VGet Free Report) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The firm had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same quarter last year, the business posted $2.09 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. On average, equities research analysts predict that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were given a $0.52 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. Visa’s dividend payout ratio is currently 23.24%.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the transaction, the insider now owns 17,894 shares in the company, valued at approximately $4,959,322.10. The disclosure for this sale can be found here. Insiders have sold 34,402 shares of company stock worth $9,559,382 over the last quarter. Corporate insiders own 0.19% of the company’s stock.

About Visa

(Free Report)

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.

See Also

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:VFree Report).

Institutional Ownership by Quarter for Visa (NYSE:V)

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