Visa Inc. (NYSE:V) Shares Acquired by Motiv8 Investments LLC

Motiv8 Investments LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 11.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,441 shares of the credit-card processor’s stock after purchasing an additional 246 shares during the quarter. Motiv8 Investments LLC’s holdings in Visa were worth $641,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Mine & Arao Wealth Creation & Management LLC. grew its stake in Visa by 4.2% in the 2nd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 12,865 shares of the credit-card processor’s stock valued at $3,377,000 after acquiring an additional 516 shares during the last quarter. Chicago Capital LLC grew its stake in Visa by 2.9% in the 2nd quarter. Chicago Capital LLC now owns 384,891 shares of the credit-card processor’s stock valued at $101,022,000 after acquiring an additional 10,900 shares during the last quarter. One Wealth Management Investment & Advisory Services LLC lifted its holdings in Visa by 3.4% in the 2nd quarter. One Wealth Management Investment & Advisory Services LLC now owns 7,512 shares of the credit-card processor’s stock valued at $1,972,000 after purchasing an additional 245 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in Visa by 39.7% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 112,191 shares of the credit-card processor’s stock valued at $29,447,000 after purchasing an additional 31,898 shares in the last quarter. Finally, Hanlon Investment Management Inc. purchased a new position in Visa in the 2nd quarter valued at about $216,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Up 0.3 %

NYSE:V traded up $0.75 on Friday, hitting $279.37. 7,187,805 shares of the company’s stock traded hands, compared to its average volume of 7,125,969. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. Visa Inc. has a 1 year low of $227.78 and a 1 year high of $290.96. The firm has a 50-day moving average price of $266.53 and a 200-day moving average price of $273.14. The company has a market cap of $509.10 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 1.98 and a beta of 0.96.

Visa (NYSE:V) last posted its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, hitting the consensus estimate of $2.42. Visa had a return on equity of 51.94% and a net margin of 54.72%. The firm had revenue of $8.90 billion during the quarter, compared to analyst estimates of $8.92 billion. During the same period in the previous year, the company earned $2.16 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities analysts anticipate that Visa Inc. will post 9.92 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Friday, August 9th. Visa’s dividend payout ratio (DPR) is 23.24%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Citigroup reduced their target price on shares of Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Piper Sandler reduced their target price on shares of Visa from $322.00 to $319.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. JPMorgan Chase & Co. upped their target price on shares of Visa from $290.00 to $320.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. William Blair upgraded shares of Visa to a “strong-buy” rating in a report on Tuesday, July 23rd. Finally, Bank of America reiterated a “neutral” rating and set a $297.00 price objective (down from $305.00) on shares of Visa in a report on Wednesday, July 10th. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $309.54.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at $148,687.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.19% of the company’s stock.

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.