Saraza Management LP Makes New Investment in Visa Inc. $V

Saraza Management LP acquired a new position in shares of Visa Inc. (NYSE:V) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 40,000 shares of the credit-card processor’s stock, valued at approximately $14,202,000. Visa accounts for about 3.4% of Saraza Management LP’s holdings, making the stock its 18th largest holding.

Several other institutional investors have also recently bought and sold shares of the company. Keystone Global Partners LLC acquired a new stake in Visa in the 1st quarter valued at approximately $26,000. Family Legacy Financial Solutions LLC bought a new stake in shares of Visa in the second quarter valued at approximately $28,000. Harbor Asset Planning Inc. acquired a new stake in shares of Visa in the second quarter worth $29,000. Sagard Holdings Management Inc. bought a new position in Visa during the second quarter worth $31,000. Finally, Bare Financial Services Inc raised its stake in Visa by 287.0% during the 2nd quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock valued at $32,000 after purchasing an additional 66 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

V has been the topic of several research reports. Robert W. Baird set a $425.00 price objective on shares of Visa in a report on Wednesday, October 29th. Erste Group Bank lowered Visa from a “buy” rating to a “hold” rating in a research note on Monday, September 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Visa in a research report on Wednesday, October 8th. KeyCorp reissued an “overweight” rating and set a $405.00 price objective on shares of Visa in a report on Wednesday, October 22nd. Finally, UBS Group set a $425.00 target price on Visa and gave the company a “buy” rating in a research note on Wednesday, October 29th. Five analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Visa presently has an average rating of “Buy” and an average target price of $400.35.

Visa Stock Up 6.5%

Shares of NYSE V opened at $346.89 on Friday. Visa Inc. has a 1 year low of $299.00 and a 1 year high of $375.51. The firm’s 50-day moving average is $337.74 and its 200-day moving average is $345.39. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $631.94 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 1.93 and a beta of 0.82.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.01. Visa had a net margin of 50.15% and a return on equity of 60.31%. The business had revenue of $10.72 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same period in the prior year, the business posted $2.71 earnings per share. Visa’s revenue was up 11.5% compared to the same quarter last year. Equities analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th were paid a $0.67 dividend. This is an increase from Visa’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. Visa’s dividend payout ratio (DPR) is currently 26.25%.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 2,172 shares of the stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $325.93, for a total value of $707,919.96. Following the transaction, the insider owned 26,413 shares of the company’s stock, valued at approximately $8,608,789.09. This represents a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $341.00, for a total value of $3,575,385.00. Following the transaction, the chief executive officer owned 537 shares in the company, valued at approximately $183,117. This trade represents a 95.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 24,042 shares of company stock worth $8,175,152 in the last three months. Insiders own 0.13% of the company’s stock.

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.