Calamos Advisors LLC Purchases 10,826 Shares of Visa Inc. $V

Calamos Advisors LLC boosted its holdings in Visa Inc. (NYSE:V) by 1.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 724,144 shares of the credit-card processor’s stock after buying an additional 10,826 shares during the period. Visa accounts for approximately 1.0% of Calamos Advisors LLC’s holdings, making the stock its 11th biggest position. Calamos Advisors LLC’s holdings in Visa were worth $257,107,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in V. Keystone Global Partners LLC purchased a new position in shares of Visa during the first quarter valued at about $26,000. Family Legacy Financial Solutions LLC purchased a new position in shares of Visa in the 2nd quarter worth $28,000. Harbor Asset Planning Inc. bought a new stake in Visa during the second quarter worth approximately $29,000. Cranbrook Wealth Management LLC increased its position in shares of Visa by 82.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock valued at $32,000 after purchasing an additional 41 shares during the last quarter. Finally, Hoese & Co LLP purchased a new stake in shares of Visa in the second quarter valued at $36,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Visa

In related news, Director Lloyd Carney sold 900 shares of Visa stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $336.48, for a total transaction of $302,832.00. Following the transaction, the director directly owned 2,468 shares of the company’s stock, valued at $830,432.64. This trade represents a 26.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the business’s stock in a transaction that occurred 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 directly owned 11,925 shares of the company’s stock, valued at $4,102,438.50. This trade represents a 14.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 23,897 shares of company stock valued at $8,164,561. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the subject of a number of recent analyst reports. Truist Financial dropped their price target on shares of Visa from $400.00 to $397.00 and set a “buy” rating for the company in a research note on Thursday, July 17th. Wells Fargo & Company upgraded Visa to a “strong-buy” rating in a research report on Wednesday, October 22nd. Erste Group Bank cut Visa from a “buy” rating to a “hold” rating in a research note on Monday, September 22nd. Raymond James Financial reissued an “outperform” rating and set a $408.00 price target (up from $398.00) on shares of Visa in a research note on Wednesday, October 29th. Finally, Robert W. Baird set a $425.00 price objective on Visa in a research report on Wednesday, October 29th. Four equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $400.00.

Visa Stock Up 0.0%

Shares of NYSE:V opened at $339.00 on Thursday. The business’s 50 day moving average is $342.72 and its 200 day moving average is $348.78. The stock has a market cap of $621.32 billion, a P/E ratio of 33.20, a price-to-earnings-growth ratio of 2.05 and a beta of 0.87. Visa Inc. has a 52-week low of $299.00 and a 52-week high of $375.51. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last issued its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, topping 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 business had revenue of $10.72 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same period in the prior year, the business earned $2.71 EPS. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. Sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.59. Visa’s dividend payout ratio (DPR) is currently 23.11%.

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.