Banque Cantonale Vaudoise Has $30.07 Million Position in Visa Inc. (NYSE:V)

Banque Cantonale Vaudoise grew its holdings in shares of Visa Inc. (NYSE:V) by 16.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,760 shares of the credit-card processor’s stock after purchasing an additional 15,238 shares during the period. Visa makes up 1.2% of Banque Cantonale Vaudoise’s portfolio, making the stock its 10th biggest holding. Banque Cantonale Vaudoise’s holdings in Visa were worth $30,071,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Livelsberger Financial Advisory bought a new position in shares of Visa during the 4th quarter valued at about $25,000. O Brien Wealth Partners LLC purchased a new stake in Visa during the fourth quarter valued at about $32,000. Frank Rimerman Advisors LLC purchased a new stake in Visa during the fourth quarter valued at about $33,000. Valued Wealth Advisors LLC purchased a new stake in Visa during the fourth quarter valued at about $37,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new stake in Visa during the fourth quarter valued at about $40,000. Institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Wedbush upped their price objective on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Royal Bank of Canada upped their price objective on shares of Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Finally, Macquarie increased their price target on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and a consensus target price of $303.76.

Visa Trading Down 0.6 %

NYSE:V opened at $275.20 on Friday. Visa Inc. has a 52 week low of $225.50 and a 52 week high of $290.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. The stock’s 50 day moving average price is $273.97 and its 200 day moving average price is $272.88. The company has a market capitalization of $503.32 billion, a P/E ratio of 30.75, a P/E/G ratio of 1.89 and a beta of 0.97.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter last year, the company posted $2.09 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, research analysts forecast that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.76%. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the transaction, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The disclosure for this sale can be found here. Insiders have sold a total of 34,402 shares of company stock worth $9,559,382 over the last 90 days. Insiders own 0.19% of the company’s stock.

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.