Silvant Capital Management LLC Grows Stock Holdings in Visa Inc. $V

Silvant Capital Management LLC increased its position in shares of Visa Inc. (NYSE:V) by 13.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 243,702 shares of the credit-card processor’s stock after purchasing an additional 28,424 shares during the quarter. Visa makes up about 3.3% of Silvant Capital Management LLC’s holdings, making the stock its 7th biggest position. Silvant Capital Management LLC’s holdings in Visa were worth $86,526,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in Visa in the 2nd quarter valued at about $7,034,939,000. Measured Wealth Private Client Group LLC grew its holdings in shares of Visa by 32.8% in the second quarter. Measured Wealth Private Client Group LLC now owns 1,094 shares of the credit-card processor’s stock valued at $388,000 after acquiring an additional 270 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Visa during the second quarter valued at approximately $30,176,000. Laidlaw Wealth Management LLC increased its position in shares of Visa by 7.3% during the second quarter. Laidlaw Wealth Management LLC now owns 797 shares of the credit-card processor’s stock valued at $283,000 after acquiring an additional 54 shares during the last quarter. Finally, Level Four Advisory Services LLC lifted its holdings in Visa by 1.9% during the second quarter. Level Four Advisory Services LLC now owns 40,596 shares of the credit-card processor’s stock worth $14,414,000 after acquiring an additional 764 shares during the period. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Visa news, 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 completion of the transaction, the chief executive officer owned 537 shares in the company, valued at $183,117. This trade represents a 95.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lloyd Carney sold 900 shares of Visa stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $336.48, for a total value of $302,832.00. Following the transaction, the director directly owned 2,468 shares of the company’s stock, valued at $830,432.64. The trade was a 26.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 24,042 shares of company stock valued at $8,175,152. Corporate insiders own 0.13% of the company’s stock.

Visa Price Performance

V opened at $334.10 on Friday. The firm has a 50-day moving average price of $339.82 and a 200-day moving average price of $347.42. Visa Inc. has a twelve month low of $299.00 and a twelve month 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. The company has a market capitalization of $608.65 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 1.98 and a beta of 0.87.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, topping 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 company had revenue of $10.72 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period last year, the firm earned $2.71 EPS. Visa’s revenue for the quarter was up 11.5% on a year-over-year basis. Equities analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend 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 is presently 26.25%.

Wall Street Analysts Forecast Growth

V has been the subject of a number of recent analyst reports. Raymond James Financial restated an “outperform” rating and issued a $408.00 price objective (up previously from $398.00) on shares of Visa in a research note on Wednesday, October 29th. Macquarie reduced their price target on shares of Visa from $425.00 to $410.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Wells Fargo & Company raised shares of Visa to a “strong-buy” rating in a research report on Wednesday, October 22nd. Morgan Stanley set a $398.00 target price on shares of Visa and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Visa in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $400.00.

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.