MJP Associates Inc. ADV Buys 595 Shares of Visa Inc. (NYSE:V)

MJP Associates Inc. ADV lifted its stake in shares of Visa Inc. (NYSE:V) by 10.1% during the second quarter, Holdings Channel.com reports. The firm owned 6,507 shares of the credit-card processor’s stock after buying an additional 595 shares during the period. MJP Associates Inc. ADV’s holdings in Visa were worth $1,708,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of V. Westend Capital Management LLC acquired a new stake in shares of Visa during the 1st quarter worth approximately $25,000. Livelsberger Financial Advisory bought a new stake in shares of Visa during the 4th quarter valued at $25,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa during the 4th quarter valued at $32,000. Frank Rimerman Advisors LLC acquired a new position in shares of Visa in the 4th quarter valued at $33,000. Finally, Abich Financial Wealth Management LLC boosted its position in shares of Visa by 52.9% in the 1st quarter. Abich Financial Wealth Management LLC now owns 133 shares of the credit-card processor’s stock worth $37,000 after purchasing an additional 46 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.19% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on V shares. Morgan Stanley cut their target price on Visa from $326.00 to $322.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research note on Friday. Macquarie reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Visa in a research note on Wednesday, July 24th. TD Cowen reduced their price target on shares of Visa from $320.00 to $318.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, Citigroup lowered their price objective on shares of Visa from $321.00 to $319.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $307.25.

Visa Stock Up 0.2 %

V stock traded up $0.45 during midday trading on Friday, hitting $259.76. The company’s stock had a trading volume of 7,228,127 shares, compared to its average volume of 7,072,978. The company’s fifty day moving average price is $267.56 and its 200 day moving average price is $273.92. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37. Visa Inc. has a twelve month low of $227.78 and a twelve month high of $290.96. The stock has a market capitalization of $473.36 billion, a P/E ratio of 29.02, a PEG ratio of 1.82 and a beta of 0.95.

Visa (NYSE:V) last released 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 business had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.92 billion. During the same quarter in the previous year, the business earned $2.16 earnings per share. Visa’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, equities research analysts predict that Visa Inc. will post 9.91 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Friday, August 9th. Visa’s dividend payout ratio is currently 23.24%.

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.