Rise Advisors LLC Buys 41 Shares of Visa Inc. $V

Rise Advisors LLC increased its stake in Visa Inc. (NYSE:V) by 3.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,348 shares of the credit-card processor’s stock after purchasing an additional 41 shares during the quarter. Rise Advisors LLC’s holdings in Visa were worth $479,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Atlas Brown Inc. increased its stake in shares of Visa by 0.9% in the 2nd quarter. Atlas Brown Inc. now owns 5,231 shares of the credit-card processor’s stock valued at $1,857,000 after acquiring an additional 46 shares in the last quarter. Persium Advisors LLC increased its stake in shares of Visa by 3.7% in the 2nd quarter. Persium Advisors LLC now owns 1,711 shares of the credit-card processor’s stock valued at $607,000 after acquiring an additional 61 shares in the last quarter. Richard P Slaughter Associates Inc increased its stake in shares of Visa by 16.4% in the 2nd quarter. Richard P Slaughter Associates Inc now owns 4,397 shares of the credit-card processor’s stock valued at $1,561,000 after acquiring an additional 619 shares in the last quarter. Canandaigua National Bank & Trust Co. increased its stake in shares of Visa by 8.2% in the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 8,805 shares of the credit-card processor’s stock valued at $3,126,000 after acquiring an additional 666 shares in the last quarter. Finally, RMR Wealth Builders increased its stake in shares of Visa by 1.7% in the 2nd quarter. RMR Wealth Builders now owns 17,524 shares of the credit-card processor’s stock valued at $6,222,000 after acquiring an additional 290 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Price Performance

V opened at $339.33 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $621.92 billion, a price-to-earnings ratio of 33.14, a P/E/G ratio of 2.26 and a beta of 0.92. The firm’s fifty day moving average price is $347.03 and its two-hundred day moving average price is $346.86. Visa Inc. has a 1 year low of $268.23 and a 1 year high of $375.51.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.13. The firm had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.42 EPS. As a group, analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa’s payout ratio is currently 23.05%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Mizuho upgraded shares of Visa from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $359.00 to $425.00 in a research note on Thursday, June 5th. Raymond James Financial restated an “outperform” rating on shares of Visa in a research note on Wednesday, July 30th. Morgan Stanley boosted their price target on shares of Visa from $386.00 to $402.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft started coverage on shares of Visa in a research note on Thursday, July 17th. They set a “buy” rating and a $410.00 price target for the company. Finally, Citigroup started coverage on shares of Visa in a research note on Monday, June 2nd. They set a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $385.96.

Insiders Place Their Bets

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction on Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the transaction, the general counsel directly owned 11,925 shares of the company’s stock, valued at $4,102,438.50. The trade was a 14.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of the business’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the completion of the transaction, the chief executive officer directly owned 537 shares in the company, valued at $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

About Visa

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.