Mizuho Markets Cayman LP Has $5.33 Million Stock Position in Visa Inc. $V

Mizuho Markets Cayman LP increased its holdings in shares of Visa Inc. (NYSE:V) by 84.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,616 shares of the credit-card processor’s stock after buying an additional 7,169 shares during the quarter. Visa accounts for about 0.2% of Mizuho Markets Cayman LP’s holdings, making the stock its 29th biggest holding. Mizuho Markets Cayman LP’s holdings in Visa were worth $5,331,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Insight Wealth Strategies LLC raised its stake in Visa by 1.6% during the third quarter. Insight Wealth Strategies LLC now owns 1,875 shares of the credit-card processor’s stock worth $640,000 after acquiring an additional 29 shares in the last quarter. Old Port Advisors boosted its stake in shares of Visa by 0.9% in the 3rd quarter. Old Port Advisors now owns 3,423 shares of the credit-card processor’s stock valued at $1,169,000 after purchasing an additional 29 shares in the last quarter. Carr Financial Group Corp boosted its stake in shares of Visa by 2.4% in the 3rd quarter. Carr Financial Group Corp now owns 1,290 shares of the credit-card processor’s stock valued at $440,000 after purchasing an additional 30 shares in the last quarter. Define Financial LLC grew its holdings in shares of Visa by 4.0% during the 3rd quarter. Define Financial LLC now owns 779 shares of the credit-card processor’s stock valued at $266,000 after purchasing an additional 30 shares during the last quarter. Finally, Patron Partners LLC grew its holdings in shares of Visa by 0.6% during the 3rd quarter. Patron Partners LLC now owns 4,648 shares of the credit-card processor’s stock valued at $1,587,000 after purchasing an additional 30 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Up 1.0%

Shares of NYSE V opened at $310.10 on Tuesday. The company has a 50 day simple moving average of $324.62 and a 200 day simple moving average of $335.62. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.11. Visa Inc. has a 1 year low of $299.00 and a 1 year high of $375.51. The firm has a market cap of $562.88 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 1.76 and a beta of 0.78.

Visa (NYSE:V) last posted its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, topping analysts’ consensus estimates of $3.14 by $0.03. Visa had a net margin of 50.23% and a return on equity of 61.74%. The firm had revenue of $10.90 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same period in the previous year, the firm posted $2.75 EPS. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. On average, research analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 10th were paid a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $2.68 annualized dividend and a dividend yield of 0.9%. Visa’s payout ratio is currently 25.14%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $395.00 price objective on shares of Visa in a research note on Friday, January 30th. Cantor Fitzgerald raised shares of Visa to a “strong-buy” rating in a research note on Tuesday, January 27th. Evercore set a $380.00 price target on shares of Visa in a report on Friday, December 12th. Macquarie Infrastructure reiterated an “outperform” rating and issued a $410.00 price target on shares of Visa in a research note on Friday, January 30th. Finally, TD Cowen reissued a “buy” rating on shares of Visa in a report on Friday, January 30th. Seven analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $392.65.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $349.18, for a total value of $3,661,152.30. Following the completion of the sale, the chief executive officer directly owned 9,401 shares in the company, valued at $3,282,641.18. This represents a 52.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lloyd Carney sold 650 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total value of $201,253.00. Following the transaction, the director directly owned 2,679 shares of the company’s stock, valued at approximately $829,471.98. This represents a 19.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.12% of the company’s stock.

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.