RPG Investment Advisory LLC Has $446,000 Holdings in Visa Inc. $V

RPG Investment Advisory LLC lifted its holdings in shares of Visa Inc. (NYSE:V) by 100.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,272 shares of the credit-card processor’s stock after buying an additional 636 shares during the period. RPG Investment Advisory LLC’s holdings in Visa were worth $446,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Keystone Global Partners LLC acquired a new stake in Visa in the 1st quarter valued at about $26,000. von Borstel & Associates Inc. bought a new position in shares of Visa during the first quarter worth approximately $27,000. Measured Risk Portfolios Inc. bought a new position in shares of Visa during the fourth quarter worth approximately $47,000. Navigoe LLC bought a new position in shares of Visa during the fourth quarter worth approximately $53,000. Finally, O Brien Wealth Partners LLC acquired a new position in Visa during the first quarter valued at approximately $54,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of the business’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the sale, the chief executive officer directly owned 537 shares of the company’s stock, valued at $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the business’s stock in a transaction 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 sale, the general counsel directly owned 11,925 shares of the company’s stock, valued at $4,102,438.50. This represents a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,127 shares of company stock valued at $28,340,553. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on V. William Blair reaffirmed an “outperform” rating on shares of Visa in a report on Wednesday, April 30th. Mizuho upgraded shares of Visa from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $359.00 to $425.00 in a report on Thursday, June 5th. Wall Street Zen upgraded shares of Visa from a “hold” rating to a “buy” rating in a report on Monday, May 12th. UBS Group reiterated a “buy” rating and issued a $415.00 target price (up from $405.00) on shares of Visa in a report on Wednesday, July 30th. Finally, Morgan Stanley upped their price objective on shares of Visa from $386.00 to $402.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $380.84.

Visa Stock Down 0.1%

V opened at $343.5530 on Friday. The company has a 50 day moving average of $347.99 and a 200 day moving average of $347.37. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. Visa Inc. has a 12 month low of $265.31 and a 12 month high of $375.51. The company has a market cap of $629.66 billion, a PE ratio of 33.55, a price-to-earnings-growth ratio of 2.29 and a beta of 0.94.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, beating the consensus estimate of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The firm had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.82 billion. During the same period last year, the firm earned $2.42 EPS. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, sell-side analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 12th. Visa’s payout ratio is currently 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.