Visa Inc. (NYSE:V) Position Lifted by Cardano Risk Management B.V.

Cardano Risk Management B.V. raised its holdings in Visa Inc. (NYSE:V - Free Report) by 48.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 744,806 shares of the credit-card processor's stock after buying an additional 243,442 shares during the quarter. Visa comprises 3.6% of Cardano Risk Management B.V.'s investment portfolio, making the stock its 7th largest position. Cardano Risk Management B.V.'s holdings in Visa were worth $204,784,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Peterson Financial Group Inc. bought a new position in shares of Visa in the 3rd quarter worth approximately $26,000. POM Investment Strategies LLC lifted its position in Visa by 970.0% during the second quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor's stock valued at $28,000 after buying an additional 97 shares during the period. Reston Wealth Management LLC bought a new stake in shares of Visa during the 3rd quarter valued at $31,000. TruNorth Capital Management LLC grew its position in shares of Visa by 211.9% in the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor's stock worth $34,000 after buying an additional 89 shares during the period. Finally, Bbjs Financial Advisors LLC bought a new position in shares of Visa in the 2nd quarter worth about $35,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Trading Up 0.5 %

V stock traded up $1.39 during midday trading on Friday, reaching $309.64. The company's stock had a trading volume of 5,106,284 shares, compared to its average volume of 5,762,525. The firm has a market capitalization of $564.26 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 2.07 and a beta of 0.95. Visa Inc. has a 1 year low of $245.60 and a 1 year high of $312.44. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.37 and a current ratio of 1.28. The stock has a fifty day simple moving average of $287.04 and a two-hundred day simple moving average of $275.95.

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

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Tuesday, November 12th. This is a boost from Visa's previous quarterly dividend of $0.52. Visa's dividend payout ratio is presently 24.25%.

Wall Street Analysts Forecast Growth

V has been the subject of a number of analyst reports. Compass Point started coverage on Visa in a research report on Wednesday, September 4th. They set a "buy" rating and a $319.00 price objective for the company. Barclays lifted their price target on Visa from $319.00 to $347.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. BMO Capital Markets increased their price objective on shares of Visa from $310.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Monness Crespi & Hardt reaffirmed a "neutral" rating on shares of Visa in a report on Tuesday, September 24th. Finally, Susquehanna raised their price target on shares of Visa from $326.00 to $339.00 and gave the company a "positive" rating in a research report on Wednesday, October 30th. Four investment 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.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $321.74.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The shares were 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 approximately $148,687.06. This trade represents a 94.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.19% of the company's stock.

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.