Headland Capital LLC Purchases 51 Shares of Visa Inc. $V

Headland Capital LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 6.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 849 shares of the credit-card processor’s stock after purchasing an additional 51 shares during the quarter. Visa accounts for 0.1% of Headland Capital LLC’s holdings, making the stock its 29th biggest holding. Headland Capital LLC’s holdings in Visa were worth $301,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Fishman Jay A Ltd. MI raised its position in shares of Visa by 1.3% during the second quarter. Fishman Jay A Ltd. MI now owns 107,794 shares of the credit-card processor’s stock worth $38,272,000 after acquiring an additional 1,365 shares during the last quarter. PUREfi Wealth LLC increased its stake in shares of Visa by 4.9% in the 2nd quarter. PUREfi Wealth LLC now owns 3,944 shares of the credit-card processor’s stock valued at $1,400,000 after acquiring an additional 186 shares in the last quarter. Petros Family Wealth LLC increased its stake in Visa by 5.3% during the 2nd quarter. Petros Family Wealth LLC now owns 1,226 shares of the credit-card processor’s stock valued at $435,000 after purchasing an additional 62 shares in the last quarter. Knights of Columbus Asset Advisors LLC increased its stake in Visa by 11.2% during the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 42,777 shares of the credit-card processor’s stock valued at $15,188,000 after purchasing an additional 4,319 shares in the last quarter. Finally, Plimoth Trust Co. LLC increased its stake in Visa by 3.4% during the 2nd quarter. Plimoth Trust Co. LLC now owns 21,068 shares of the credit-card processor’s stock valued at $7,480,000 after purchasing an additional 698 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

V has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Visa in a report on Thursday, July 17th. They set a “buy” rating and a $410.00 price objective on the stock. Morgan Stanley boosted their price target on shares of Visa from $386.00 to $402.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Robert W. Baird set a $410.00 price target on shares of Visa and gave the stock an “outperform” rating in a report on Monday. Oppenheimer boosted their price target on shares of Visa from $390.00 to $391.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Visa in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $389.00.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the transaction, the chief executive officer directly owned 537 shares in the company, valued at $183,815.10. This trade represents a 95.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $344.02, for a total value of $697,328.54. Following the sale, the general counsel directly owned 11,925 shares of the company’s stock, valued at approximately $4,102,438.50. This trade represents a 14.53% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Visa Trading Down 0.3%

Shares of V opened at $351.31 on Thursday. The business’s 50-day moving average price is $343.66 and its 200-day moving average price is $346.96. Visa Inc. has a twelve month low of $274.42 and a twelve month high of $375.51. The stock has a market cap of $643.88 billion, a PE ratio of 34.31, a P/E/G ratio of 2.09 and a beta of 0.90. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52.

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

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were given 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 (DPR) is presently 23.05%.

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.