Dimensional Fund Advisors LP Boosts Position in Visa Inc. (NYSE:V)

Dimensional Fund Advisors LP grew its holdings in shares of Visa Inc. (NYSE:V) by 9.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 7,670,269 shares of the credit-card processor’s stock after acquiring an additional 685,228 shares during the quarter. Visa comprises 0.5% of Dimensional Fund Advisors LP’s portfolio, making the stock its 13th largest holding. Dimensional Fund Advisors LP’s holdings in Visa were worth $2,013,403,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Alaethes Wealth LLC lifted its stake in shares of Visa by 0.4% during the 4th quarter. Alaethes Wealth LLC now owns 8,843 shares of the credit-card processor’s stock worth $2,302,000 after acquiring an additional 37 shares during the last quarter. Jessup Wealth Management Inc lifted its stake in shares of Visa by 0.7% during the 1st quarter. Jessup Wealth Management Inc now owns 5,051 shares of the credit-card processor’s stock worth $1,410,000 after acquiring an additional 37 shares during the last quarter. Long Run Wealth Advisors LLC lifted its stake in shares of Visa by 2.5% during the 1st quarter. Long Run Wealth Advisors LLC now owns 1,519 shares of the credit-card processor’s stock worth $424,000 after acquiring an additional 37 shares during the last quarter. Cordatus Wealth Management LLC lifted its stake in shares of Visa by 0.3% during the 1st quarter. Cordatus Wealth Management LLC now owns 10,793 shares of the credit-card processor’s stock worth $3,012,000 after acquiring an additional 37 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC lifted its stake in shares of Visa by 1.8% during the 4th quarter. Garden State Investment Advisory Services LLC now owns 2,191 shares of the credit-card processor’s stock worth $571,000 after acquiring an additional 38 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

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 dated Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $148,687.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.19% of the company’s stock.

Visa Trading Up 0.7 %

Shares of NYSE:V opened at $287.35 on Monday. The business’s 50-day moving average is $268.29 and its 200 day moving average is $273.16. Visa Inc. has a 1 year low of $227.78 and a 1 year high of $290.96. The firm has a market capitalization of $523.64 billion, a P/E ratio of 32.11, a P/E/G ratio of 2.01 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37.

Visa (NYSE:V) last announced its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.42. Visa had a return on equity of 51.94% and a net margin of 54.72%. 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 prior year, the company posted $2.16 EPS. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, research analysts predict that Visa Inc. will post 9.92 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th were paid a dividend of $0.52 per share. The ex-dividend date was Friday, August 9th. This represents a $2.08 annualized dividend and a yield of 0.72%. Visa’s payout ratio is presently 23.24%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group decreased their price target on Visa from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Citigroup reduced their price objective on Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. William Blair upgraded Visa to a “strong-buy” rating in a report on Tuesday, July 23rd. The Goldman Sachs Group restated a “buy” rating and set a $317.00 price objective on shares of Visa in a report on Thursday. Finally, Macquarie restated an “outperform” rating and set a $300.00 price objective on shares of Visa in a report on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $309.81.

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.