Pragma Gestao DE Patrimonio Ltd. Has $9.35 Million Holdings in Visa Inc. (NYSE:V)

Pragma Gestao DE Patrimonio Ltd. decreased its position in Visa Inc. (NYSE:V) by 47.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,000 shares of the credit-card processor’s stock after selling 31,000 shares during the quarter. Visa comprises 4.8% of Pragma Gestao DE Patrimonio Ltd.’s investment portfolio, making the stock its 12th largest holding. Pragma Gestao DE Patrimonio Ltd.’s holdings in Visa were worth $9,348,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in V. CWA Asset Management Group LLC bought a new stake in shares of Visa in the third quarter valued at approximately $17,135,000. Hollencrest Capital Management boosted its position in shares of Visa by 0.5% in the third quarter. Hollencrest Capital Management now owns 110,895 shares of the credit-card processor’s stock valued at $30,491,000 after acquiring an additional 504 shares during the period. ABLE Financial Group LLC raised its stake in shares of Visa by 6.4% in the third quarter. ABLE Financial Group LLC now owns 3,480 shares of the credit-card processor’s stock valued at $957,000 after purchasing an additional 210 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. raised its stake in shares of Visa by 0.8% in the third quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,253 shares of the credit-card processor’s stock valued at $1,994,000 after purchasing an additional 56 shares in the last quarter. Finally, Capital Performance Advisors LLP raised its stake in shares of Visa by 70.0% in the third quarter. Capital Performance Advisors LLP now owns 1,970 shares of the credit-card processor’s stock valued at $542,000 after purchasing an additional 811 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Stock Up 0.7 %

V stock opened at $307.92 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.37 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $561.13 billion, a PE ratio of 31.65, a PEG ratio of 2.06 and a beta of 0.95. Visa Inc. has a 1-year low of $240.97 and a 1-year high of $311.15. The business’s 50 day simple moving average is $283.95 and its 200 day simple moving average is $274.67.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period in the prior year, the firm posted $2.33 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, research analysts anticipate that Visa Inc. will post 11.18 EPS for the current year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.59 per share. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Tuesday, November 12th. Visa’s dividend payout ratio is 21.38%.

Analyst Ratings Changes

V has been the subject of several recent analyst reports. Barclays increased their price objective on Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Jefferies Financial Group raised their price target on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods upgraded Visa from a “moderate buy” rating to a “strong-buy” rating in a report on Tuesday, September 24th. The Goldman Sachs Group reiterated a “buy” rating and issued a $317.00 price target on shares of Visa in a report on Thursday, September 12th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $321.74.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at $148,687.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.19% of the stock is currently owned by 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.