Visa Inc. $V Stock Holdings Boosted by Prairie Advisory LLC

by · The Cerbat Gem

Prairie Advisory LLC raised its stake in shares of Visa Inc. (NYSE:V – Free Report) by 97.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,970 shares of the credit-card processor’s stock after purchasing an additional 12,337 shares during the period. Visa accounts for 1.0% of Prairie Advisory LLC’s holdings, making the stock its 21st biggest position. Prairie Advisory LLC’s holdings in Visa were worth $8,973,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Philadelphia Investment Partners LLC purchased a new stake in shares of Visa during the second quarter worth about $29,000. Virtus Advisers LLC purchased a new position in Visa in the 2nd quarter valued at about $33,000. Delos Wealth Advisors LLC purchased a new position in Visa in the 2nd quarter valued at about $38,000. Robinswood Financial LLC acquired a new stake in Visa in the 1st quarter worth about $35,000. Finally, Midwest Capital Advisors LLC acquired a new stake in Visa in the 1st quarter worth about $37,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on V shares. Barclays assumed coverage on Visa in a research note on Tuesday, July 7th. They set an “overweight” rating and a $420.00 price objective for the company. Morgan Stanley reissued an “overweight” rating and set a $416.00 target price (up from $415.00) on shares of Visa in a report on Wednesday, July 29th. Evercore raised their target price on Visa from $350.00 to $370.00 in a research report on Wednesday, July 29th. President Capital lifted their price target on Visa from $411.00 to $474.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Finally, Wolfe Research reiterated an “outperform” rating and set a $460.00 price target (up from $435.00) on shares of Visa in a research report on Tuesday, August 25th. Three equities research analysts have rated the stock with a Strong Buy rating and thirty-four have given a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $426.12.

View Our Latest Stock Analysis on V

Visa Price Performance

Shares of NYSE V traded down $0.05 during mid-day trading on Monday, reaching $402.56. The company’s stock had a trading volume of 1,997,540 shares, compared to its average volume of 7,521,127. The stock has a 50-day moving average of $372.73 and a two-hundred day moving average of $346.62. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $718.33 billion, a P/E ratio of 34.23, a P/E/G ratio of 1.89 and a beta of 0.77. Visa Inc. has a 1-year low of $293.89 and a 1-year high of $404.74.

Visa (NYSE:V – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.09. The firm had revenue of $11.63 billion for the quarter, compared to analyst estimates of $11.40 billion. Visa had a net margin of 50.78% and a return on equity of 67.68%. Visa’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.98 earnings per share. On average, equities research analysts anticipate that Visa Inc. will post 13.22 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were issued a $0.67 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $2.68 dividend on an annualized basis and a yield of 0.7%. Visa’s dividend payout ratio is presently 22.79%.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 5,875 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $358.81, for a total value of $2,108,008.75. Following the transaction, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at $5,444,582.94. This trade represents a 27.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie Rottenberg sold 2,028 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $381.35, for a total value of $773,377.80. Following the transaction, the general counsel owned 18,404 shares in the company, valued at approximately $7,018,365.40. This represents a 9.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 78,792 shares of company stock valued at $28,863,319 in the last ninety days. 0.12% of the stock is currently owned by corporate insiders.

Visa Company Profile

(Free Report)

Visa Inc (NYSE: V) is a global payments technology company that facilitates electronic payments between consumers, businesses, financial institutions and governments. Through its VisaNet network, the company authorizes, clears and settles transactions made with Visa-branded credit, debit and prepaid cards, while generally not issuing cards, extending credit or setting cardholder account terms.

Visa provides payment products and services for consumer, commercial and government payments, as well as digital commerce and money movement.

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