Waypoint Capital Advisors LLC Buys 52 Shares of Visa Inc. (NYSE:V)

Waypoint Capital Advisors LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,577 shares of the credit-card processor’s stock after acquiring an additional 52 shares during the quarter. Waypoint Capital Advisors LLC’s holdings in Visa were worth $1,808,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. WestHill Financial Advisors Inc. lifted its stake in shares of Visa by 5.7% in the third quarter. WestHill Financial Advisors Inc. now owns 1,451 shares of the credit-card processor’s stock worth $399,000 after buying an additional 78 shares during the last quarter. AA Financial Advisors LLC raised its holdings in Visa by 1.9% in the 3rd quarter. AA Financial Advisors LLC now owns 5,023 shares of the credit-card processor’s stock worth $1,381,000 after acquiring an additional 94 shares during the period. Chicago Capital LLC lifted its position in Visa by 5.2% during the 3rd quarter. Chicago Capital LLC now owns 404,914 shares of the credit-card processor’s stock worth $111,331,000 after acquiring an additional 20,023 shares during the last quarter. Etesian Wealth Advisors Inc. boosted its holdings in Visa by 2.8% during the third quarter. Etesian Wealth Advisors Inc. now owns 5,677 shares of the credit-card processor’s stock valued at $1,561,000 after acquiring an additional 154 shares during the period. Finally, TriaGen Wealth Management LLC grew its position in shares of Visa by 0.6% in the third quarter. TriaGen Wealth Management LLC now owns 6,605 shares of the credit-card processor’s stock valued at $1,816,000 after purchasing an additional 39 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on V. Bank of America increased their target price on Visa from $279.00 to $308.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Citigroup reduced their price objective on Visa from $321.00 to $319.00 and set a “buy” rating for the company in a research 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 report on Tuesday, June 25th. Jefferies Financial Group cut their target price on shares of Visa from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $317.00 price target on shares of Visa in a research report on Thursday, September 12th. Four investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $314.19.

Insider Activity at Visa

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

Visa Price Performance

NYSE:V opened at $290.62 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. The firm has a market cap of $531.53 billion, a PE ratio of 32.47, a price-to-earnings-growth ratio of 1.94 and a beta of 0.96. Visa Inc. has a 12 month low of $228.03 and a 12 month high of $293.07. The company’s 50-day moving average price is $276.91 and its two-hundred day moving average price is $272.91.

Visa (NYSE:V) last announced 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 for the quarter, compared to the consensus estimate of $8.92 billion. During the same period in the previous year, the business earned $2.16 EPS. Visa’s revenue was up 9.6% compared to the same quarter last year. On average, equities analysts anticipate that Visa Inc. will post 9.92 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th were paid a $0.52 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.72%. Visa’s dividend payout ratio (DPR) is presently 23.24%.

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.