Visa Inc. (NYSE:V) Shares Purchased by OFI Invest Asset Management

OFI Invest Asset Management raised its position in Visa Inc. (NYSE:V) by 13.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 159,413 shares of the credit-card processor’s stock after buying an additional 18,943 shares during the period. Visa comprises 1.0% of OFI Invest Asset Management’s investment portfolio, making the stock its 26th biggest position. OFI Invest Asset Management’s holdings in Visa were worth $39,040,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Livelsberger Financial Advisory purchased a new position in Visa during the fourth quarter valued at $25,000. Westend Capital Management LLC purchased a new stake in Visa during the 1st quarter worth approximately $25,000. Frank Rimerman Advisors LLC acquired a new position in shares of Visa during the fourth quarter valued at approximately $33,000. TruNorth Capital Management LLC lifted its position in shares of Visa by 211.9% in the second quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock valued at $34,000 after acquiring an additional 89 shares in the last quarter. Finally, Bbjs Financial Advisors LLC acquired a new stake in shares of Visa in the second quarter worth approximately $35,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. TD Cowen decreased their price objective on Visa from $320.00 to $318.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Morgan Stanley lowered their price target on shares of Visa from $326.00 to $322.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Jefferies Financial Group cut their price target on Visa from $325.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Citigroup reduced their target price on shares of Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Finally, UBS Group increased their price target 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. Six investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and a consensus price target of $307.25.

Visa Stock Up 0.2 %

V stock traded up $0.58 during trading on Friday, hitting $267.38. 5,111,080 shares of the company’s stock were exchanged, compared to its average volume of 7,227,860. The business has a 50-day moving average price of $266.41 and a two-hundred day moving average price of $273.57. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $489.02 billion, a price-to-earnings ratio of 29.87, a PEG ratio of 1.84 and a beta of 0.95. Visa Inc. has a 52-week low of $227.78 and a 52-week high of $290.96.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The company had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.92 billion. During the same quarter in the prior year, the firm posted $2.16 earnings per share. Visa’s revenue for the quarter was up 9.6% on a year-over-year basis. As a group, equities research analysts expect that Visa Inc. will post 9.91 EPS for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.78%. The ex-dividend date is Friday, August 9th. Visa’s dividend payout ratio (DPR) is 23.24%.

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.