Visa Inc. (NYSE:V) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its position in shares of Visa Inc. (NYSE:V - Free Report) by 13.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 169,108 shares of the credit-card processor's stock after acquiring an additional 20,323 shares during the period. Pacer Advisors Inc.'s holdings in Visa were worth $46,496,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in V. International Assets Investment Management LLC increased its position in Visa by 45,189.4% in the third quarter. International Assets Investment Management LLC now owns 9,758,505 shares of the credit-card processor's stock worth $2,683,101,000 after purchasing an additional 9,736,958 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Visa by 4,412.3% during the third quarter. SG Americas Securities LLC now owns 4,072,467 shares of the credit-card processor's stock valued at $1,119,725,000 after purchasing an additional 4,166,905 shares during the period. Swedbank AB purchased a new stake in Visa in the first quarter worth about $511,321,000. Wulff Hansen & CO. lifted its stake in Visa by 26,951.9% in the second quarter. Wulff Hansen & CO. now owns 1,587,944 shares of the credit-card processor's stock worth $416,788,000 after acquiring an additional 1,582,074 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Visa in the third quarter worth about $268,640,000. Institutional investors own 82.15% of the company's stock.

Visa Trading Down 0.3 %

NYSE V traded down $0.94 during trading on Friday, hitting $308.96. The stock had a trading volume of 2,778,008 shares, compared to its average volume of 6,947,820. The company has a market capitalization of $563.02 billion, a PE ratio of 31.84, a PEG ratio of 2.09 and a beta of 0.95. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The firm has a 50 day moving average price of $289.07 and a 200 day moving average price of $277.08. Visa Inc. has a twelve month low of $251.61 and a twelve month high of $312.44.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 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 business 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 company posted $2.33 earnings per share. The business's revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities research analysts forecast that Visa Inc. will post 11.19 earnings per share for the current year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.76%. This is a boost from Visa's previous quarterly dividend of $0.52. Visa's payout ratio is currently 24.25%.

Analysts Set New Price Targets

V has been the subject of several research analyst reports. Macquarie increased their price objective on shares of Visa from $300.00 to $335.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Royal Bank of Canada increased their price objective on shares of Visa from $311.00 to $322.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. BNP Paribas raised shares of Visa from a "neutral" rating to an "outperform" rating and set a $325.00 price objective for the company in a research report on Tuesday, September 3rd. TD Cowen increased their price objective on shares of Visa from $318.00 to $325.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird raised their price target on shares of Visa from $330.00 to $340.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $321.74.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at $148,687.06. This represents a 94.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.19% of the stock is owned by company insiders.

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.