Stiles Financial Services Inc Has $3.74 Million Stock Holdings in Visa Inc. (NYSE:V)

Stiles Financial Services Inc decreased its holdings in Visa Inc. (NYSE:V) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,597 shares of the credit-card processor’s stock after selling 239 shares during the period. Visa makes up about 1.3% of Stiles Financial Services Inc’s portfolio, making the stock its 15th biggest position. Stiles Financial Services Inc’s holdings in Visa were worth $3,740,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of V. POM Investment Strategies LLC grew its stake in shares of Visa by 970.0% during the second quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock worth $28,000 after buying an additional 97 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Visa during the 3rd quarter valued at $31,000. TruNorth Capital Management LLC grew its position in Visa by 211.9% during the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock worth $34,000 after acquiring an additional 89 shares during the last quarter. Bbjs Financial Advisors LLC bought a new stake in Visa during the 2nd quarter worth $35,000. Finally, CarsonAllaria Wealth Management Ltd. acquired a new position in Visa in the 2nd quarter worth about $35,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred 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 of the company’s stock, valued at $148,687.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on V shares. BMO Capital Markets boosted their price target on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. BNP Paribas upgraded Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price target on the stock in a research report on Tuesday, September 3rd. Monness Crespi & Hardt restated a “neutral” rating on shares of Visa in a research report on Tuesday, September 24th. Oppenheimer reaffirmed an “outperform” rating and issued a $321.00 price objective (up from $318.00) on shares of Visa in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average price target of $321.74.

Visa Trading Up 0.7 %

V opened at $307.92 on Friday. Visa Inc. has a fifty-two week low of $240.97 and a fifty-two week high of $311.15. The firm has a market capitalization of $561.13 billion, a PE ratio of 31.65, a P/E/G ratio of 2.06 and a beta of 0.95. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.37. The company’s 50-day moving average is $283.95 and its 200 day moving average is $274.67.

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

Visa Increases Dividend

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

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.