MQS Management LLC Invests $980,000 in Visa Inc. (NYSE:V)

MQS Management LLC bought a new stake in shares of Visa Inc. (NYSE:V - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,735 shares of the credit-card processor's stock, valued at approximately $980,000. Visa accounts for about 0.6% of MQS Management LLC's investment portfolio, making the stock its 7th biggest position.

A number of other hedge funds have also recently made changes to their positions in V. Alaethes Wealth LLC grew its stake in Visa by 0.4% in the 4th quarter. Alaethes Wealth LLC now owns 8,843 shares of the credit-card processor's stock valued at $2,302,000 after acquiring an additional 37 shares during the last quarter. Jessup Wealth Management Inc increased its stake in shares of Visa by 0.7% during the 1st quarter. Jessup Wealth Management Inc now owns 5,051 shares of the credit-card processor's stock worth $1,410,000 after purchasing an additional 37 shares in the last quarter. Long Run Wealth Advisors LLC raised its position in shares of Visa by 2.5% during the 1st quarter. Long Run Wealth Advisors LLC now owns 1,519 shares of the credit-card processor's stock worth $424,000 after purchasing an additional 37 shares during the last quarter. Cordatus Wealth Management LLC raised its position in shares of Visa by 0.3% during the 1st quarter. Cordatus Wealth Management LLC now owns 10,793 shares of the credit-card processor's stock worth $3,012,000 after purchasing an additional 37 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC grew its holdings in Visa by 1.8% during the 4th quarter. Garden State Investment Advisory Services LLC now owns 2,191 shares of the credit-card processor's stock valued at $571,000 after buying an additional 38 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insider Transactions 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 sale, the chief executive officer now directly owns 538 shares in the company, valued at $148,687.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.19% of the company's stock.

Analysts Set New Price Targets

V has been the topic of several analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating and set a $317.00 price target on shares of Visa in a research note on Thursday, September 12th. Citigroup lowered their target price on shares of Visa from $321.00 to $319.00 and set a "buy" rating for the company in a research note on Wednesday, July 24th. Jefferies Financial Group reduced their price target on Visa from $325.00 to $300.00 and set a "buy" rating on the stock in a research note on Wednesday, July 24th. TD Cowen decreased their price objective on Visa from $320.00 to $318.00 and set a "buy" rating on the stock in a report on Wednesday, July 24th. Finally, Piper Sandler dropped their target price on Visa from $322.00 to $319.00 and set an "overweight" rating for the company in a research note on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $310.22.

Visa Stock Down 1.1 %

Shares of V traded down $3.23 during midday trading on Thursday, hitting $285.25. The company had a trading volume of 10,379,156 shares, compared to its average volume of 7,089,552. The stock has a market cap of $519.81 billion, a price-to-earnings ratio of 31.87, a PEG ratio of 2.05 and a beta of 0.96. The company's 50 day moving average price is $270.27 and its 200 day moving average price is $273.46. 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 Inc. has a 52 week low of $227.78 and a 52 week high of $293.07.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, hitting the consensus estimate of $2.42. The company had revenue of $8.90 billion during the quarter, compared to analyst estimates of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. The business's revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.16 EPS. On average, equities research analysts predict that Visa Inc. will post 9.92 EPS for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Friday, August 9th. Visa's dividend payout ratio (DPR) is presently 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.