Foster & Motley Inc. Buys 4,620 Shares of Visa Inc. (NYSE:V)

Foster & Motley Inc. lifted its stake in shares of Visa Inc. (NYSE:V) by 81.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,301 shares of the credit-card processor’s stock after buying an additional 4,620 shares during the quarter. Foster & Motley Inc.’s holdings in Visa were worth $2,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Harvest Portfolios Group Inc. boosted its position in shares of Visa by 4.7% during the third quarter. Harvest Portfolios Group Inc. now owns 69,056 shares of the credit-card processor’s stock valued at $18,987,000 after purchasing an additional 3,071 shares in the last quarter. Radnor Capital Management LLC lifted its position in Visa by 11.1% during the third quarter. Radnor Capital Management LLC now owns 11,120 shares of the credit-card processor’s stock valued at $3,057,000 after buying an additional 1,115 shares during the period. Wisconsin Capital Management LLC boosted its holdings in shares of Visa by 1.1% during the 3rd quarter. Wisconsin Capital Management LLC now owns 31,656 shares of the credit-card processor’s stock valued at $8,704,000 after buying an additional 335 shares in the last quarter. Avidian Wealth Enterprises LLC increased its stake in shares of Visa by 3.8% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 8,590 shares of the credit-card processor’s stock worth $2,362,000 after acquiring an additional 316 shares in the last quarter. Finally, Beacon Financial Advisory LLC increased its stake in shares of Visa by 6.3% in the 3rd quarter. Beacon Financial Advisory LLC now owns 8,093 shares of the credit-card processor’s stock worth $2,225,000 after acquiring an additional 483 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $148,687.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is owned by company insiders.

Visa Stock Up 4.8 %

V opened at $307.36 on Thursday. Visa Inc. has a 1-year low of $240.97 and a 1-year high of $309.00. The firm’s 50 day simple moving average is $282.69 and its two-hundred day simple moving average is $274.20. The company has a current ratio of 1.28, a quick ratio of 1.37 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $560.11 billion, a PE ratio of 31.59, a PEG ratio of 1.96 and a beta of 0.95.

Visa (NYSE:V) last released its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.13. The company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. Visa’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.33 earnings per share. As a group, equities analysts forecast that Visa Inc. will post 11.18 EPS for the current year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.77%. This is a positive change from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Tuesday, November 12th. Visa’s dividend payout ratio is currently 21.38%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on V shares. Citigroup upped their price objective on shares of Visa from $319.00 to $326.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. TD Cowen upped their price target on Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Bank of America lifted their price objective on Visa from $279.00 to $308.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Barclays increased their target price on Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Compass Point began coverage on shares of Visa in a research note on Wednesday, September 4th. They issued a “buy” rating and a $319.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $321.74.

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.