Global Strategic Investment Solutions LLC Purchases 50 Shares of Visa Inc. (NYSE:V)

Global Strategic Investment Solutions LLC increased its position in shares of Visa Inc. (NYSE:V) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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.

Other large investors have also recently modified their holdings of the company. JB Capital LLC grew its stake in Visa by 8.8% during the 3rd quarter. JB Capital LLC now owns 15,415 shares of the credit-card processor’s stock worth $4,238,000 after buying an additional 1,241 shares during the last quarter. Keudell Morrison Wealth Management raised its stake in Visa by 2.1% in the third quarter. Keudell Morrison Wealth Management now owns 12,013 shares of the credit-card processor’s stock valued at $3,303,000 after buying an additional 243 shares during the last quarter. Valley Brook Capital Group Inc. boosted its holdings in Visa by 2.5% in the third quarter. Valley Brook Capital Group Inc. now owns 6,623 shares of the credit-card processor’s stock worth $1,821,000 after acquiring an additional 162 shares in the last quarter. Kornitzer Capital Management Inc. KS grew its stake in shares of Visa by 1.8% during the third quarter. Kornitzer Capital Management Inc. KS now owns 75,289 shares of the credit-card processor’s stock worth $20,701,000 after acquiring 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 third quarter. Washington Trust Bank now owns 3,258 shares of the credit-card processor’s stock valued at $896,000 after acquiring an additional 37 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on V shares. BMO Capital Markets lifted their target price on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Compass Point initiated coverage on shares of Visa in a research note on Wednesday, September 4th. They set a “buy” rating and a $319.00 price objective for the company. Macquarie upped their target price on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Oppenheimer restated an “outperform” rating and issued a $321.00 target price (up previously from $318.00) on shares of Visa in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $317.00 price target on shares of Visa in a research note on Thursday, September 12th. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $321.74.

Visa Stock Performance

V opened at $305.76 on Friday. The firm’s fifty day simple moving average is $282.69 and its two-hundred day simple moving average is $274.20. Visa Inc. has a 52-week low of $240.97 and a 52-week high of $309.00. The company has a market cap 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 company has a quick ratio of 1.37, a current ratio of 1.28 and a debt-to-equity ratio of 0.55.

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

Visa Increases Dividend

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

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $148,687.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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.