Silvant Capital Management LLC Acquires 4,221 Shares of Visa Inc. $V

Silvant Capital Management LLC lifted its stake in Visa Inc. (NYSE:V) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 275,048 shares of the credit-card processor’s stock after acquiring an additional 4,221 shares during the period. Visa makes up about 2.7% of Silvant Capital Management LLC’s holdings, making the stock its 11th largest holding. Silvant Capital Management LLC’s holdings in Visa were worth $94,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of V. Cresta Advisors Ltd. purchased a new position in shares of Visa during the 4th quarter valued at $26,000. Parvin Asset Management LLC increased its stake in Visa by 200.0% in the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after acquiring an additional 50 shares during the last quarter. RHL Group LLC bought a new position in Visa in the 4th quarter worth about $34,000. Timmons Wealth Management LLC purchased a new stake in shares of Visa in the 4th quarter valued at about $34,000. Finally, Copos Capital S.a r.l. purchased a new stake in Visa in the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Trading Up 0.2%

Shares of NYSE V opened at $366.31 on Friday. The firm has a 50-day moving average of $352.75 and a 200 day moving average of $329.35. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $373.97. The stock has a market cap of $653.65 billion, a P/E ratio of 31.15, a price-to-earnings-growth ratio of 1.96 and a beta of 0.74. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.99.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.09. Visa had a return on equity of 67.68% and a net margin of 50.78%.The firm had revenue of $11.63 billion for the quarter, compared to analysts’ expectations of $11.40 billion. During the same period in the previous year, the firm posted $2.98 EPS. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, sell-side analysts expect that Visa Inc. will post 13.16 EPS for the current fiscal year.

Visa Announces Dividend

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

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

Wall Street Analyst Weigh In

V has been the subject of several research analyst reports. Truist Financial set a $406.00 price target on Visa and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Piper Sandler reissued an “overweight” rating and set a $430.00 price target (up from $394.00) on shares of Visa in a research report on Wednesday, July 29th. Clear Str upgraded shares of Visa to a “strong-buy” rating in a report on Thursday, July 16th. Royal Bank Of Canada reissued an “outperform” rating and issued a $412.00 target price (up from $395.00) on shares of Visa in a research note on Wednesday, July 29th. Finally, Barclays started coverage on Visa in a report on Tuesday, July 7th. They issued an “overweight” rating and a $420.00 price objective for the company. Seven research analysts have rated the stock with a Strong Buy rating and twenty-four have given a Buy rating to the company’s stock. Based on data from MarketBeat, Visa has a consensus rating of “Buy” and a consensus target price of $413.58.

Insider Activity

In related news, CEO Ryan Mcinerney sold 10,490 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $343.99, for a total transaction of $3,608,455.10. Following the completion of the sale, the chief executive officer owned 15,174 shares of the company’s stock, valued at $5,219,704.26. This trade represents a 40.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Tullier Kelly Mahon sold 57,272 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $364.97, for a total transaction of $20,902,561.84. Following the sale, the insider directly owned 49,662 shares of the company’s stock, valued at $18,125,140.14. This trade represents a 53.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 90,759 shares of company stock worth $32,375,779 over the last 90 days. 0.12% of the stock is currently owned by insiders.

Visa Company 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.