Steigerwald Gordon & Koch Inc. Acquires 2,175 Shares of Visa Inc. (NYSE:V)

Steigerwald Gordon & Koch Inc. lifted its position in Visa Inc. (NYSE:V) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 82,859 shares of the credit-card processor’s stock after purchasing an additional 2,175 shares during the quarter. Visa accounts for approximately 2.5% of Steigerwald Gordon & Koch Inc.’s holdings, making the stock its 14th biggest holding. Steigerwald Gordon & Koch Inc.’s holdings in Visa were worth $22,782,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in V. Livelsberger Financial Advisory acquired a new stake in shares of Visa in the fourth quarter valued at approximately $25,000. Westend Capital Management LLC bought a new stake in Visa during the first quarter worth about $25,000. POM Investment Strategies LLC raised its stake in Visa by 970.0% during the second 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 in the last quarter. TruNorth Capital Management LLC raised its stake in 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 acquiring an additional 89 shares in the last quarter. Finally, Bbjs Financial Advisors LLC acquired a new position in Visa during the second quarter worth about $35,000. Institutional investors own 82.15% of the company’s stock.

Visa Trading Up 0.1 %

Shares of NYSE V traded up $0.34 during trading on Thursday, hitting $277.27. 851,838 shares of the company traded hands, compared to its average volume of 7,124,601. Visa Inc. has a 1 year low of $228.03 and a 1 year high of $293.07. The company has a 50-day moving average price of $273.71 and a 200-day moving average price of $272.71. The firm has a market capitalization of $507.11 billion, a P/E ratio of 30.95, a P/E/G ratio of 1.92 and a beta of 0.96. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last issued 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. The business had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.16 EPS. On average, equities analysts predict that Visa Inc. will post 9.92 EPS for the current year.

Visa Dividend Announcement

The business 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. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Friday, August 9th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm’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 value of $2,382,309.40. Following the completion of the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $148,687.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods upgraded Visa from a “moderate buy” rating to a “strong-buy” rating in a report on Tuesday, September 24th. The Goldman Sachs Group reissued a “buy” rating and issued a $317.00 price objective on shares of Visa in a report on Thursday, September 12th. Morgan Stanley restated an “overweight” rating and issued a $322.00 target price on shares of Visa in a research note on Wednesday, September 25th. Royal Bank of Canada decreased their price objective on Visa from $315.00 to $311.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Finally, Macquarie reissued an “outperform” rating and set a $300.00 price objective on shares of Visa in a report on Friday, September 27th. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $312.04.

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.