Park Presidio Capital LLC maintained its position in Visa Inc. (NYSE:V) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 754,400 shares of the credit-card processor’s stock at the end of the second quarter. Visa comprises 11.4% of Park Presidio Capital LLC’s portfolio, making the stock its biggest holding. Park Presidio Capital LLC’s holdings in Visa were worth $70,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently added to or reduced their stakes in the company. Motco boosted its holdings in Visa by 25.1% in the 2nd quarter. Motco now owns 1,176 shares of the credit-card processor’s stock worth $110,000 after buying an additional 236 shares during the period. BDO Wealth Advisors LLC bought a new position in Visa in the 2nd quarter worth approximately $115,000. Mascoma Wealth Management LLC bought a new position in Visa in the 2nd quarter worth approximately $122,000. SpiderRock Advisors LLC boosted its holdings in Visa by 107.1% in the 2nd quarter. SpiderRock Advisors LLC now owns 1,309 shares of the credit-card processor’s stock worth $124,000 after buying an additional 19,709 shares during the period. Finally, Almanack Investment Partners LLC. bought a new position in Visa in the 2nd quarter worth approximately $125,000. 81.91% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently commented on V shares. Buckingham Research started coverage on shares of Visa in a report on Monday, October 2nd. They issued a “buy” rating and a $129.00 price objective for the company. Robert W. Baird reaffirmed a “buy” rating on shares of Visa in a report on Thursday, August 24th. KeyCorp reiterated a “buy” rating and issued a $110.00 target price on shares of Visa in a research note on Friday, August 25th. Vetr upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $108.51 target price on the stock in a research note on Tuesday, September 26th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $124.00 target price on shares of Visa in a research note on Friday, September 22nd. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. Visa presently has a consensus rating of “Buy” and an average target price of $117.08.
Shares of Visa Inc. (NYSE:V) traded up $1.20 during trading hours on Friday, reaching $112.60. 7,594,738 shares of the company were exchanged, compared to its average volume of 8,210,495. The stock has a market cap of $233,266.78, a PE ratio of 32.36, a PEG ratio of 1.65 and a beta of 0.97. Visa Inc. has a one year low of $77.19 and a one year high of $113.62. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.90 and a current ratio of 1.90.
Visa (NYSE:V) last issued its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.05. The company had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.63 billion. Visa had a net margin of 36.49% and a return on equity of 31.80%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 EPS. equities research analysts predict that Visa Inc. will post 4.05 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Friday, November 17th were given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Thursday, November 16th. This is a boost from Visa’s previous quarterly dividend of $0.17. Visa’s dividend payout ratio (DPR) is presently 27.86%.
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Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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