Fairfield Financial Advisors LTD Makes New $4.04 Million Investment in Visa Inc. (NYSE:V)

Fairfield Financial Advisors LTD bought a new stake in Visa Inc. (NYSE:VFree Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,394 shares of the credit-card processor’s stock, valued at approximately $4,041,000. Visa makes up approximately 1.4% of Fairfield Financial Advisors LTD’s investment portfolio, making the stock its 18th biggest position.

Other hedge funds also recently modified their holdings of the company. Brown Brothers Harriman & Co. lifted its position in shares of Visa by 4.6% during the second quarter. Brown Brothers Harriman & Co. now owns 81,315 shares of the credit-card processor’s stock valued at $21,343,000 after purchasing an additional 3,595 shares in the last quarter. Quilter Plc increased its stake in Visa by 2.8% in the 2nd quarter. Quilter Plc now owns 718,706 shares of the credit-card processor’s stock valued at $188,639,000 after buying an additional 19,479 shares during the last quarter. Rathbones Group PLC increased its stake in Visa by 3.3% in the 2nd quarter. Rathbones Group PLC now owns 3,333,932 shares of the credit-card processor’s stock valued at $875,057,000 after buying an additional 107,523 shares during the last quarter. Plato Investment Management Ltd lifted its position in shares of Visa by 3.9% during the 2nd quarter. Plato Investment Management Ltd now owns 42,865 shares of the credit-card processor’s stock worth $11,251,000 after buying an additional 1,596 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its stake in shares of Visa by 11.0% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 21,482 shares of the credit-card processor’s stock worth $5,638,000 after buying an additional 2,128 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

V has been the topic of a number of recent analyst reports. Piper Sandler dropped their price target on Visa from $322.00 to $319.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Macquarie reiterated an “outperform” rating and set a $300.00 target price on shares of Visa in a research note on Wednesday, July 24th. StockNews.com upgraded shares of Visa from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. lifted their price objective on shares of Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Finally, TD Cowen decreased their price target 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. Six research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $309.81.

Get Our Latest Stock Analysis on V

Visa Stock Up 0.7 %

V opened at $287.35 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37. Visa Inc. has a one year low of $227.78 and a one year high of $290.96. The firm has a market capitalization of $523.64 billion, a P/E ratio of 32.11, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96. The company has a fifty day moving average price of $268.29 and a 200-day moving average price of $273.16.

Visa (NYSE:VGet Free Report) last posted its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, hitting the consensus estimate of $2.42. Visa had a return on equity of 51.94% and a net margin of 54.72%. The business had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.92 billion. During the same period in the previous year, the business earned $2.16 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis. Equities research 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 0.72%. The ex-dividend date was Friday, August 9th. Visa’s dividend payout ratio is currently 23.24%.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following 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 legal filing with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by company insiders.

Visa Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Visa (NYSE:V)

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