Sivia Capital Partners LLC Buys 103 Shares of Visa Inc. (NYSE:V)

Sivia Capital Partners LLC lifted its stake in Visa Inc. (NYSE:V) by 2.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,748 shares of the credit-card processor’s stock after purchasing an additional 103 shares during the quarter. Visa comprises 0.7% of Sivia Capital Partners LLC’s portfolio, making the stock its 25th biggest holding. Sivia Capital Partners LLC’s holdings in Visa were worth $984,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of V. Westend Capital Management LLC bought a new stake in Visa in the first quarter worth about $25,000. Livelsberger Financial Advisory purchased a new stake in shares of Visa in the fourth quarter worth approximately $25,000. POM Investment Strategies LLC lifted its stake in shares of Visa by 970.0% during the 2nd quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock worth $28,000 after acquiring an additional 97 shares during the last quarter. Frank Rimerman Advisors LLC purchased a new position in Visa during the 4th quarter valued at $33,000. Finally, TruNorth Capital Management LLC grew its position in Visa by 211.9% in the 2nd 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 during the last quarter. Institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on V. Jefferies Financial Group decreased their target price on Visa from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Citigroup decreased their price objective on shares of Visa from $321.00 to $319.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Evercore ISI dropped their target price on shares of Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. BNP Paribas raised shares of Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price target for the company in a research note on Tuesday. Finally, Bank of America reiterated a “neutral” rating and issued a $297.00 price target (down previously from $305.00) on shares of Visa in a report on Wednesday, July 10th. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $309.54.

Visa Stock Performance

Shares of V stock opened at $279.48 on Friday. 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 company has a market cap of $509.30 billion, a PE ratio of 31.23, a PEG ratio of 1.98 and a beta of 0.96. Visa Inc. has a 12-month low of $227.78 and a 12-month high of $290.96. The business’s fifty day simple moving average is $266.53 and its 200-day simple moving average is $273.14.

Visa (NYSE:V) last released 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 company had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same period last year, the business posted $2.16 earnings per share. Analysts expect that Visa Inc. will post 9.92 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 9th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Friday, August 9th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at $148,687.06. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.19% of the stock is owned by insiders.

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.