GQG Partners LLC reduced its holdings in Visa Inc. (NYSE:V) by 7.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,159,250 shares of the credit-card processor’s stock after selling 319,157 shares during the quarter. Visa comprises 2.9% of GQG Partners LLC’s portfolio, making the stock its 17th biggest holding. GQG Partners LLC’s holdings in Visa were worth $972,330,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of V. Danda Trouve Investment Management Inc. acquired a new stake in shares of Visa in the second quarter valued at about $25,000. Delos Wealth Advisors LLC acquired a new stake in Visa during the second quarter worth about $29,000. Baldrige Asset Management LLC acquired a new stake in Visa during the second quarter worth about $40,000. FFT Wealth Management LLC acquired a new stake in Visa during the second quarter worth about $46,000. Finally, Financial Management Professionals Inc. grew its position in Visa by 38.9% during the second quarter. Financial Management Professionals Inc. now owns 207 shares of the credit-card processor’s stock worth $48,000 after buying an additional 58 shares in the last quarter. 81.04% of the stock is currently owned by institutional investors.
In other news, EVP Tullier Kelly Mahon sold 2,091 shares of the business’s stock in a transaction on Wednesday, July 28th. The shares were sold at an average price of $248.71, for a total value of $520,052.61. Following the completion of the transaction, the executive vice president now owns 32,055 shares of the company’s stock, valued at approximately $7,972,399.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Ryan Mcinerney sold 11,194 shares of the business’s stock in a transaction on Friday, October 1st. The shares were sold at an average price of $224.17, for a total transaction of $2,509,358.98. The disclosure for this sale can be found here. Insiders have sold a total of 53,671 shares of company stock valued at $12,623,562 in the last ninety days. Company insiders own 0.19% of the company’s stock.
V stock traded up $1.85 during trading on Thursday, hitting $224.31. The company had a trading volume of 126,587 shares, compared to its average volume of 8,111,718. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average price of $228.88 and a 200-day moving average price of $230.73. Visa Inc. has a 12 month low of $179.23 and a 12 month high of $252.67. The stock has a market cap of $436.95 billion, a price-to-earnings ratio of 45.47, a PEG ratio of 2.00 and a beta of 0.98.
Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, July 27th. The credit-card processor reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.16. Visa had a net margin of 47.97% and a return on equity of 35.45%. The firm had revenue of $6.13 billion during the quarter, compared to analysts’ expectations of $5.86 billion. During the same quarter in the previous year, the company posted $1.07 EPS. Visa’s revenue was up 26.7% on a year-over-year basis. Equities analysts expect that Visa Inc. will post 5.82 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Friday, August 13th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Thursday, August 12th. Visa’s dividend payout ratio is presently 25.40%.
Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit card, credit card, prepaid products, commercial payment solutions, and global ATM.
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