Titiun Yejiel Invests $1.48 Million in Visa Inc. $V

Titiun Yejiel bought a new stake in Visa Inc. (NYSE:V) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,300 shares of the credit-card processor’s stock, valued at approximately $1,475,000. Visa makes up approximately 1.3% of Titiun Yejiel’s holdings, making the stock its 28th biggest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cresta Advisors Ltd. bought a new stake in shares of Visa during the fourth quarter valued at approximately $26,000. Parvin Asset Management LLC boosted its position in Visa by 200.0% in the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock valued at $26,000 after buying an additional 50 shares during the last quarter. RHL Group LLC acquired a new stake in shares of Visa in the 4th quarter valued at $34,000. Timmons Wealth Management LLC acquired a new stake in shares of Visa in the 4th quarter valued at $34,000. Finally, Copos Capital S.a r.l. bought a new stake in shares of Visa during the fourth quarter worth $35,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Transactions at Visa

In other Visa news, insider Tullier Kelly Mahon sold 57,272 shares of Visa stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $364.97, for a total transaction of $20,902,561.84. Following the transaction, the insider directly owned 49,662 shares in the company, valued at approximately $18,125,140.14. The trade was a 53.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total value of $729,720.00. Following the completion of the transaction, the general counsel directly owned 18,404 shares of the company’s stock, valued at approximately $6,625,440. The trade was a 9.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 90,759 shares of company stock valued at $32,375,779 over the last three months. 0.12% of the stock is currently owned by corporate insiders.

Visa Price Performance

Visa stock opened at $363.91 on Monday. The firm has a market capitalization of $649.37 billion, a P/E ratio of 30.94, a PEG ratio of 1.95 and a beta of 0.74. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $373.97. The business has a 50-day moving average of $349.37 and a 200-day moving average of $328.29. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.09. The business had revenue of $11.63 billion for the quarter, compared to the consensus estimate of $11.40 billion. Visa had a net margin of 50.78% and a return on equity of 67.68%. Visa’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the company posted $2.98 EPS. On average, equities analysts anticipate that Visa Inc. will post 13.15 EPS for the current year.

Visa declared that its Board of Directors has initiated a stock buyback plan on Tuesday, April 28th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the credit-card processor to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 11th. Visa’s dividend payout ratio (DPR) is currently 22.79%.

Analyst Ratings Changes

A number of analysts recently commented on V shares. Weiss Ratings upgraded Visa from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 30th. Sanford C. Bernstein reissued an “outperform” rating and set a $450.00 price target on shares of Visa in a research note on Tuesday, June 2nd. BNP Paribas Exane upgraded shares of Visa to a “strong-buy” rating in a report on Tuesday, July 21st. Oppenheimer reaffirmed an “outperform” rating and issued a $403.00 price objective (up from $391.00) on shares of Visa in a research note on Wednesday, April 29th. Finally, Robert W. Baird lifted their target price on shares of Visa from $412.00 to $420.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Seven investment analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $413.58.

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.