Global Strategic Investment Solutions LLC Increases Holdings in Visa Inc. (NYSE:V)

Global Strategic Investment Solutions LLC grew its stake in Visa Inc. (NYSE:V) by 2.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,329 shares of the credit-card processor’s stock after acquiring an additional 50 shares during the quarter. Global Strategic Investment Solutions LLC’s holdings in Visa were worth $640,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. JB Capital LLC grew its holdings in shares of Visa by 8.8% in the third quarter. JB Capital LLC now owns 15,415 shares of the credit-card processor’s stock valued at $4,238,000 after purchasing an additional 1,241 shares during the period. Keudell Morrison Wealth Management boosted its holdings in Visa by 2.1% in the 3rd quarter. Keudell Morrison Wealth Management now owns 12,013 shares of the credit-card processor’s stock valued at $3,303,000 after purchasing an additional 243 shares during the last quarter. Valley Brook Capital Group Inc. grew its stake in shares of Visa by 2.5% in the 3rd quarter. Valley Brook Capital Group Inc. now owns 6,623 shares of the credit-card processor’s stock valued at $1,821,000 after buying an additional 162 shares during the period. Kornitzer Capital Management Inc. KS increased its holdings in shares of Visa by 1.8% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 75,289 shares of the credit-card processor’s stock worth $20,701,000 after buying an additional 1,344 shares during the last quarter. Finally, Washington Trust Bank increased its holdings in shares of Visa by 1.1% during the 3rd quarter. Washington Trust Bank now owns 3,258 shares of the credit-card processor’s stock worth $896,000 after buying an additional 37 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

V has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Compass Point began coverage on Visa in a report on Wednesday, September 4th. They set a “buy” rating and a $319.00 price target for the company. Macquarie raised their price objective on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Mizuho upped their target price on shares of Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, TD Cowen increased their target price on shares of Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $321.74.

Visa Price Performance

Shares of V opened at $305.76 on Friday. The firm has a market capitalization of $557.19 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 2.06 and a beta of 0.95. The firm’s fifty day simple moving average is $282.69 and its 200-day simple moving average is $274.20. Visa Inc. has a twelve month low of $240.97 and a twelve month high of $309.00. The company has a current ratio of 1.28, a quick ratio of 1.37 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the previous year, the business earned $2.33 EPS. Visa’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities analysts forecast that Visa Inc. will post 11.18 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.77%. This is an increase from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Tuesday, November 12th. Visa’s dividend payout ratio is 21.38%.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction 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 directly owns 538 shares in the company, valued at $148,687.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.19% of the stock is currently owned by 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.