Godsey & Gibb Inc. Raises Stock Position in Visa Inc. (NYSE:V)

Godsey & Gibb Inc. grew its holdings in shares of Visa Inc. (NYSE:V) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,419 shares of the credit-card processor’s stock after buying an additional 1,021 shares during the quarter. Visa accounts for approximately 2.2% of Godsey & Gibb Inc.’s holdings, making the stock its 17th biggest holding. Godsey & Gibb Inc.’s holdings in Visa were worth $23,211,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Purus Wealth Management LLC lifted its holdings in shares of Visa by 5.6% in the 1st quarter. Purus Wealth Management LLC now owns 23,287 shares of the credit-card processor’s stock worth $6,499,000 after acquiring an additional 1,226 shares during the last quarter. Metropolis Capital Ltd raised its position in Visa by 6.6% in the 1st quarter. Metropolis Capital Ltd now owns 885,400 shares of the credit-card processor’s stock worth $247,097,000 after purchasing an additional 54,747 shares during the period. Cherrydale Wealth Management LLC lifted its stake in Visa by 13.2% in the first quarter. Cherrydale Wealth Management LLC now owns 1,384 shares of the credit-card processor’s stock worth $386,000 after purchasing an additional 161 shares during the last quarter. Westend Capital Management LLC purchased a new position in shares of Visa during the first quarter valued at approximately $25,000. Finally, Lane & Associates LLC raised its holdings in shares of Visa by 19.0% in the first quarter. Lane & Associates LLC now owns 2,541 shares of the credit-card processor’s stock worth $709,000 after buying an additional 406 shares during the period. Institutional investors own 82.15% of the company’s stock.

Visa Trading Up 0.1 %

V opened at $290.62 on Monday. Visa Inc. has a 1-year low of $228.03 and a 1-year high of $293.07. The firm has a market capitalization of $531.53 billion, a price-to-earnings ratio of 32.47, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37. The company’s 50 day simple moving average is $276.91 and its two-hundred day simple moving average is $272.88.

Visa (NYSE:V) last issued its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, hitting analysts’ consensus estimates of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The company had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.92 billion. During the same period in the previous year, the firm earned $2.16 earnings per share. Visa’s quarterly revenue was up 9.6% compared to the same quarter last year. Analysts expect that Visa Inc. will post 9.92 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Friday, August 9th. Visa’s dividend payout ratio is presently 23.24%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on V shares. William Blair upgraded Visa to a “strong-buy” rating in a report on Tuesday, July 23rd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $317.00 price target on shares of Visa in a research report on Thursday, September 12th. Monness Crespi & Hardt reiterated a “neutral” rating on shares of Visa in a research note on Tuesday, September 24th. JPMorgan Chase & Co. boosted their price objective on shares of Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Finally, BMO Capital Markets increased their target price on Visa from $300.00 to $310.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Four investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average target price of $314.19.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at $148,687.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.19% of the stock is owned by insiders.

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.