Visa Inc. (NYSE:V) is L. Roy Papp & Associates LLP’s 7th Largest Position

L. Roy Papp & Associates LLP boosted its holdings in Visa Inc. (NYSE:V) by 0.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,473 shares of the credit-card processor’s stock after buying an additional 68 shares during the period. Visa makes up 3.4% of L. Roy Papp & Associates LLP’s investment portfolio, making the stock its 7th biggest holding. L. Roy Papp & Associates LLP’s holdings in Visa were worth $27,946,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Nadler Financial Group Inc. boosted its holdings in Visa by 2.4% in the 4th quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock valued at $495,000 after purchasing an additional 44 shares during the period. Hilltop National Bank bought a new position in Visa in the 1st quarter valued at $1,212,000. TCI Wealth Advisors Inc. boosted its holdings in Visa by 0.8% in the 4th quarter. TCI Wealth Advisors Inc. now owns 5,107 shares of the credit-card processor’s stock valued at $1,330,000 after purchasing an additional 40 shares during the period. Absolute Capital Management LLC bought a new position in Visa in the 1st quarter valued at $404,000. Finally, SageView Advisory Group LLC boosted its holdings in Visa by 40.4% in the 4th quarter. SageView Advisory Group LLC now owns 25,137 shares of the credit-card processor’s stock valued at $6,967,000 after purchasing an additional 7,236 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

V has been the subject of several analyst reports. William Blair upgraded shares of Visa to a “strong-buy” rating in a research report on Tuesday, July 23rd. Evercore ISI reduced their price target on shares of Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Jefferies Financial Group dropped their price target on Visa from $325.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Citigroup reduced their target price on shares of Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, StockNews.com raised Visa from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Six equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $308.50.

Visa Stock Performance

Visa stock traded down $0.50 during mid-day trading on Friday, reaching $267.44. 3,620,937 shares of the company traded hands, compared to its average volume of 7,178,206. 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 fifty-two week low of $227.78 and a fifty-two week high of $290.96. The company has a market capitalization of $489.13 billion, a price-to-earnings ratio of 29.89, a price-to-earnings-growth ratio of 1.89 and a beta of 0.95. The firm’s fifty day moving average is $265.99 and its two-hundred day moving average is $273.36.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The firm had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. During the same quarter in the prior year, the business earned $2.16 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts expect that Visa Inc. will post 9.91 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 9th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.78%. The ex-dividend date is Friday, August 9th. Visa’s payout ratio is currently 23.24%.

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.