Vinva Investment Management Ltd Has $41.74 Million Stock Holdings in Visa Inc. $V

Vinva Investment Management Ltd grew its position in shares of Visa Inc. (NYSE:V) by 36.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 119,727 shares of the credit-card processor’s stock after acquiring an additional 32,056 shares during the quarter. Visa comprises approximately 1.1% of Vinva Investment Management Ltd’s holdings, making the stock its 10th largest holding. Vinva Investment Management Ltd’s holdings in Visa were worth $41,738,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Charles Lim Capital Ltd increased its holdings in shares of Visa by 1,400.0% in the 2nd quarter. Charles Lim Capital Ltd now owns 75,000 shares of the credit-card processor’s stock worth $26,629,000 after buying an additional 70,000 shares during the last quarter. Te Ahumairangi Investment Management Ltd increased its stake in Visa by 14.1% during the second quarter. Te Ahumairangi Investment Management Ltd now owns 31,121 shares of the credit-card processor’s stock worth $11,050,000 after acquiring an additional 3,840 shares during the last quarter. Echo45 Advisors LLC increased its stake in Visa by 4.7% during the second quarter. Echo45 Advisors LLC now owns 1,591 shares of the credit-card processor’s stock worth $565,000 after acquiring an additional 72 shares during the last quarter. Employees Retirement System of Texas raised its position in Visa by 71.7% during the second quarter. Employees Retirement System of Texas now owns 37,117 shares of the credit-card processor’s stock valued at $13,178,000 after purchasing an additional 15,500 shares during the period. Finally, Choreo LLC lifted its stake in shares of Visa by 11.6% in the 2nd quarter. Choreo LLC now owns 82,299 shares of the credit-card processor’s stock valued at $29,218,000 after purchasing an additional 8,572 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Activity

In related news, insider Paul D. Fabara sold 2,172 shares of Visa stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $325.93, for a total transaction of $707,919.96. Following the transaction, the insider directly owned 26,413 shares of the company’s stock, valued at $8,608,789.09. This trade represents a 7.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Lloyd Carney sold 900 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $336.48, for a total value of $302,832.00. Following the sale, the director owned 2,468 shares of the company’s stock, valued at approximately $830,432.64. This represents a 26.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 24,042 shares of company stock worth $8,175,152. Corporate insiders own 0.13% of the company’s stock.

Visa Price Performance

V opened at $334.10 on Thursday. Visa Inc. has a 12-month low of $299.00 and a 12-month high of $375.51. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53. The business’s fifty day simple moving average is $339.91 and its 200-day simple moving average is $347.52. The company has a market capitalization of $608.65 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 1.98 and a beta of 0.87.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.01. Visa had a return on equity of 60.31% and a net margin of 50.15%.The firm had revenue of $10.72 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the previous year, the company posted $2.71 earnings per share. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. On average, equities research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 12th. This is a boost from Visa’s previous quarterly dividend of $0.59. Visa’s dividend payout ratio is currently 26.25%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on V shares. Raymond James Financial reissued an “outperform” rating and set a $408.00 target price (up previously from $398.00) on shares of Visa in a research report on Wednesday, October 29th. Macquarie lowered their target price on shares of Visa from $425.00 to $410.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Robert W. Baird set a $425.00 price target on shares of Visa in a report on Wednesday, October 29th. Erste Group Bank lowered shares of Visa from a “buy” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, KeyCorp restated an “overweight” rating and set a $405.00 target price on shares of Visa in a research report on Wednesday, October 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus target price of $400.00.

About Visa

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.