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:V) 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.

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:V) 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

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.