11 Capital Partners LP Raises Stock Holdings in Visa Inc. (NYSE:V)

11 Capital Partners LP boosted its stake in Visa Inc. (NYSE:V) by 28.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,440 shares of the credit-card processor’s stock after buying an additional 10,600 shares during the period. Visa makes up approximately 4.9% of 11 Capital Partners LP’s portfolio, making the stock its 11th biggest position. 11 Capital Partners LP’s holdings in Visa were worth $12,714,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Livelsberger Financial Advisory acquired a new position in Visa in the 4th quarter valued at about $25,000. Westend Capital Management LLC acquired a new position in Visa in the 1st quarter valued at about $25,000. POM Investment Strategies LLC grew its position in Visa by 970.0% in the 2nd quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock valued at $28,000 after acquiring an additional 97 shares in the last quarter. Frank Rimerman Advisors LLC acquired a new position in Visa in the 4th quarter valued at about $33,000. Finally, TruNorth Capital Management LLC grew its position in shares of Visa by 211.9% during the second quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock worth $34,000 after buying an additional 89 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the transaction, the chief executive officer now directly owns 538 shares in the company, valued at approximately $148,687.06. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.19% of the company’s stock.

Visa Stock Down 0.2 %

Visa stock opened at $284.67 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market capitalization of $518.76 billion, a price-to-earnings ratio of 31.81, a price-to-earnings-growth ratio of 2.05 and a beta of 0.96. Visa Inc. has a fifty-two week low of $227.78 and a fifty-two week high of $293.07. The stock’s fifty day moving average is $270.65 and its two-hundred day moving average is $273.49.

Visa (NYSE:V) last posted its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, meeting the consensus estimate of $2.42. The company had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. Visa’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.16 earnings per share. Analysts predict that Visa Inc. will post 9.92 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th were issued a $0.52 dividend. The ex-dividend date was Friday, August 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.73%. Visa’s dividend payout ratio (DPR) is 23.24%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on V. BNP Paribas raised Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price objective for the company in a research report on Tuesday, September 3rd. Jefferies Financial Group lowered their price objective on Visa from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Citigroup lowered their price objective on Visa from $321.00 to $319.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. upped their price target on Visa from $290.00 to $320.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Six analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $310.22.

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.