Coppell Advisory Solutions Corp. Makes New Investment in Visa Inc. (NYSE:V)

Coppell Advisory Solutions Corp. bought a new position in Visa Inc. (NYSE:V) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,932 shares of the credit-card processor’s stock, valued at approximately $818,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of V. Westend Capital Management LLC acquired a new stake in shares of Visa in the 1st quarter worth approximately $25,000. Livelsberger Financial Advisory acquired a new stake in shares of Visa in the 4th quarter worth approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in Visa during the fourth quarter valued at approximately $32,000. Frank Rimerman Advisors LLC acquired a new position in Visa in the fourth quarter worth approximately $33,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new position in Visa in the fourth quarter worth approximately $40,000. Institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the subject of a number of recent analyst reports. TD Cowen decreased their price objective on shares of Visa from $320.00 to $318.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Oppenheimer raised their price objective on shares of Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. decreased their target price on shares of Visa from $300.00 to $290.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Royal Bank of Canada decreased their target price on shares of Visa from $315.00 to $311.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Finally, UBS Group lifted their target price on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Seven analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $307.25.

Insider Activity

In related news, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.19% of the company’s stock.

Visa Stock Up 0.2 %

V traded up $0.56 during trading hours on Thursday, hitting $266.23. 2,128,412 shares of the company’s stock were exchanged, compared to its average volume of 6,873,665. Visa Inc. has a 1-year low of $227.78 and a 1-year high of $290.96. The stock’s 50-day moving average is $269.24 and its two-hundred day moving average is $274.28. The stock has a market cap of $486.92 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 1.86 and a beta of 0.95. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, meeting analysts’ consensus estimates of $2.42. The firm had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.16 earnings per share. Sell-side analysts predict that Visa Inc. will post 9.91 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, August 9th. Visa’s payout ratio is presently 23.24%.

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.