Visa Inc. $V Stock Position Cut by Dudley & Shanley Inc.

Dudley & Shanley Inc. cut its holdings in shares of Visa Inc. (NYSE:V) by 0.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 97,211 shares of the credit-card processor’s stock after selling 35 shares during the quarter. Visa makes up approximately 5.4% of Dudley & Shanley Inc.’s holdings, making the stock its 3rd largest holding. Dudley & Shanley Inc.’s holdings in Visa were worth $34,515,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of V. Keystone Global Partners LLC purchased a new stake in Visa during the 1st quarter worth approximately $26,000. von Borstel & Associates Inc. purchased a new stake in Visa during the 1st quarter worth approximately $27,000. 1 North Wealth Services LLC bought a new stake in shares of Visa in the 1st quarter valued at approximately $38,000. Anderson Financial Strategies LLC bought a new stake in shares of Visa in the 1st quarter valued at approximately $53,000. Finally, O Brien Wealth Partners LLC bought a new stake in shares of Visa in the 1st quarter valued at approximately $54,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Price Performance

Shares of V opened at $338.96 on Tuesday. The company has a market cap of $621.24 billion, a P/E ratio of 33.10, a PEG ratio of 2.26 and a beta of 0.92. The stock has a fifty day moving average price of $346.67 and a 200 day moving average price of $346.69. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a 12 month low of $268.23 and a 12 month high of $375.51.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.13. The firm had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.The firm’s revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.42 EPS. On average, research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, August 12th. Visa’s dividend payout ratio is presently 23.05%.

Insiders Place Their Bets

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the business’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the transaction, the general counsel owned 11,925 shares in the company, valued at approximately $4,102,438.50. The trade was a 14.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,630 shares of the business’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the transaction, the chief executive officer owned 537 shares of the company’s stock, valued at $190,001.34. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the subject of a number of research analyst reports. Truist Financial lowered their price target on Visa from $400.00 to $397.00 and set a “buy” rating for the company in a report on Thursday, July 17th. Morgan Stanley boosted their price target on Visa from $386.00 to $402.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Mizuho upgraded Visa from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $359.00 to $425.00 in a report on Thursday, June 5th. UBS Group reiterated a “buy” rating and issued a $415.00 price target (up from $405.00) on shares of Visa in a report on Wednesday, July 30th. Finally, Jefferies Financial Group boosted their price target on Visa from $400.00 to $410.00 and gave the company a “buy” rating in a report on Tuesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $385.96.

Visa Company 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.