Mountain Pacific Investment Advisers LLC Lowers Holdings in Visa Inc. (NYSE:V)

Mountain Pacific Investment Advisers LLC decreased its holdings in Visa Inc. (NYSE:V) by 9.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,141 shares of the credit-card processor’s stock after selling 450 shares during the period. Mountain Pacific Investment Advisers LLC’s holdings in Visa were worth $1,139,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Livelsberger Financial Advisory bought a new position in shares of Visa during the 4th quarter valued at about $25,000. Westend Capital Management LLC purchased a new position in Visa during the 1st quarter valued at approximately $25,000. POM Investment Strategies LLC increased its stake in Visa by 970.0% in the 2nd quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock worth $28,000 after acquiring an additional 97 shares during the last quarter. TruNorth Capital Management LLC raised its holdings in shares of Visa by 211.9% during the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock worth $34,000 after acquiring an additional 89 shares in the last quarter. Finally, Bbjs Financial Advisors LLC bought a new position in shares of Visa during the 2nd quarter valued at approximately $35,000. Institutional investors own 82.15% of the company’s stock.

Visa Trading Up 0.7 %

NYSE:V opened at $276.96 on Thursday. Visa Inc. has a 52 week low of $228.03 and a 52 week high of $293.07. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. The company has a market cap of $506.54 billion, a PE ratio of 30.95, a P/E/G ratio of 1.92 and a beta of 0.96. The business’s 50 day moving average is $273.71 and its two-hundred day moving average is $272.71.

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

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th were given a $0.52 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $2.08 annualized dividend and a yield of 0.75%. Visa’s dividend payout ratio (DPR) is 23.24%.

Wall Street Analyst Weigh In

Several research firms recently commented on V. The Goldman Sachs Group reiterated a “buy” rating and issued a $317.00 price target on shares of Visa in a research report on Thursday, September 12th. Macquarie reissued an “outperform” rating and set a $300.00 target price on shares of Visa in a research report on Friday, September 27th. Morgan Stanley restated an “overweight” rating and issued a $322.00 price target on shares of Visa in a research report on Wednesday, September 25th. Oppenheimer started coverage on shares of Visa in a research note on Tuesday, October 1st. They set an “outperform” rating and a $318.00 price objective for the company. Finally, Piper Sandler lowered their target price on shares of Visa from $322.00 to $319.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $312.04.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the sale, the chief executive officer now owns 538 shares in the company, valued at $148,687.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is owned by corporate insiders.

About Visa

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.