Visa Inc (NYSE:V) Shares Purchased by Gobi Capital LLC

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Gobi Capital LLC boosted its holdings in shares of Visa Inc (NYSE:V) by 32.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 305,912 shares of the credit-card processor’s stock after acquiring an additional 74,810 shares during the quarter. Visa accounts for about 4.3% of Gobi Capital LLC’s investment portfolio, making the stock its 7th largest holding. Gobi Capital LLC’s holdings in Visa were worth $59,093,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in V. Emerald Advisors LLC raised its stake in shares of Visa by 2.1% during the 2nd quarter. Emerald Advisors LLC now owns 2,428 shares of the credit-card processor’s stock worth $469,000 after purchasing an additional 51 shares in the last quarter. BEAM Asset Management LLC raised its stake in shares of Visa by 2.0% during the 2nd quarter. BEAM Asset Management LLC now owns 2,654 shares of the credit-card processor’s stock worth $525,000 after purchasing an additional 52 shares in the last quarter. Perennial Investment Advisors LLC raised its stake in shares of Visa by 2.6% during the 2nd quarter. Perennial Investment Advisors LLC now owns 2,023 shares of the credit-card processor’s stock worth $391,000 after purchasing an additional 52 shares in the last quarter. Trellis Advisors LLC raised its stake in shares of Visa by 2.2% during the 2nd quarter. Trellis Advisors LLC now owns 2,419 shares of the credit-card processor’s stock worth $467,000 after purchasing an additional 52 shares in the last quarter. Finally, Atlas Private Wealth Management raised its stake in shares of Visa by 0.6% during the 2nd quarter. Atlas Private Wealth Management now owns 9,459 shares of the credit-card processor’s stock worth $1,827,000 after purchasing an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Shares of NYSE:V traded down $4.30 during trading on Friday, hitting $204.66. 13,240,573 shares of the stock were exchanged, compared to its average volume of 7,621,086. Visa Inc has a 1-year low of $133.93 and a 1-year high of $217.35. The company has a market capitalization of $397.53 billion, a price-to-earnings ratio of 38.98, a price-to-earnings-growth ratio of 3.11 and a beta of 0.90. The company’s fifty day simple moving average is $200.23 and its 200-day simple moving average is $186.96. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.55 and a current ratio of 1.55.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.05. Visa had a return on equity of 40.65% and a net margin of 51.37%. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same quarter last year, the firm earned $1.37 EPS. Visa’s revenue for the quarter was down 18.6% compared to the same quarter last year. On average, research analysts forecast that Visa Inc will post 5.01 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.59%. The ex-dividend date was Thursday, August 13th. Visa’s payout ratio is presently 22.06%.

V has been the subject of a number of recent research reports. Oppenheimer began coverage on Visa in a research note on Tuesday, June 23rd. They set an “outperform” rating and a $202.00 price target for the company. Wedbush raised their price objective on Visa from $200.00 to $220.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Cowen raised their price objective on Visa from $189.00 to $196.00 and gave the company an “outperform” rating in a research note on Wednesday, May 20th. Daiwa Capital Markets reissued a “neutral” rating and issued a $204.00 price objective on shares of Visa in a research note on Tuesday, July 21st. Finally, Wells Fargo & Co raised their price objective on Visa from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Seven investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $212.28.

In related news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $191.49, for a total value of $1,340,430.00. Following the sale, the chief executive officer now owns 133,090 shares of the company’s stock, valued at approximately $25,485,404.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lloyd Carney sold 1,550 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $192.64, for a total value of $298,592.00. Following the completion of the sale, the director now directly owns 2,962 shares in the company, valued at approximately $570,599.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 121,401 shares of company stock worth $25,345,655. 0.19% of the stock is owned by insiders.

About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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