Regency Capital Management Inc. DE Buys 3,273 Shares of Visa Inc. (NYSE:V)

Regency Capital Management Inc. DE raised its stake in Visa Inc. (NYSE:V) by 42.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 11,061 shares of the credit-card processor’s stock after purchasing an additional 3,273 shares during the quarter. Visa accounts for 1.7% of Regency Capital Management Inc. DE’s portfolio, making the stock its 24th biggest position. Regency Capital Management Inc. DE’s holdings in Visa were worth $3,041,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rockland Trust Co. grew its stake in Visa by 2.7% in the third quarter. Rockland Trust Co. now owns 134,557 shares of the credit-card processor’s stock worth $36,996,000 after purchasing an additional 3,587 shares during the period. Duncan Williams Asset Management LLC grew its stake in Visa by 21.8% in the third quarter. Duncan Williams Asset Management LLC now owns 5,681 shares of the credit-card processor’s stock worth $1,562,000 after purchasing an additional 1,017 shares during the period. Abacus Wealth Partners LLC grew its stake in Visa by 21.3% in the third quarter. Abacus Wealth Partners LLC now owns 1,677 shares of the credit-card processor’s stock worth $461,000 after purchasing an additional 295 shares during the period. Deane Retirement Strategies Inc. grew its stake in Visa by 0.7% in the third quarter. Deane Retirement Strategies Inc. now owns 8,559 shares of the credit-card processor’s stock worth $2,353,000 after purchasing an additional 57 shares during the period. Finally, CJM Wealth Advisers Ltd. grew its stake in Visa by 4.5% in the third quarter. CJM Wealth Advisers Ltd. now owns 3,851 shares of the credit-card processor’s stock worth $1,059,000 after purchasing an additional 166 shares during the period. Institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on V. Compass Point started coverage on Visa in a research note on Wednesday, September 4th. They issued a “buy” rating and a $319.00 target price on the stock. TD Cowen lowered their price target on Visa from $320.00 to $318.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Keefe, Bruyette & Woods raised Visa from a “moderate buy” rating to a “strong-buy” rating in a report on Tuesday, September 24th. Citigroup lowered their price target on Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a 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 research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus target price of $312.04.

Visa Trading Up 0.4 %

Shares of V stock traded up $1.07 on Friday, reaching $277.93. 4,207,522 shares of the company’s stock were exchanged, compared to its average volume of 7,201,514. Visa Inc. has a 52 week low of $228.03 and a 52 week high of $293.07. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $506.47 billion, a PE ratio of 30.82, a P/E/G ratio of 1.92 and a beta of 0.96. The company’s fifty day simple moving average is $272.63 and its 200 day simple moving average is $273.12.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.42. The firm had revenue of $8.90 billion during 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 quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the company earned $2.16 EPS. As a group, analysts forecast that Visa Inc. will post 9.92 EPS for the current year.

Visa Dividend Announcement

The business also recently declared 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 0.75%. Visa’s dividend payout ratio is presently 23.24%.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the transaction, the chief executive officer now directly owns 538 shares in the company, valued at $148,687.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.19% 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.