1,131 Shares in Visa Inc (NYSE:V) Acquired by Silversage Advisors
Silversage Advisors bought a new position in Visa Inc (NYSE:V) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,131 shares of the credit-card processor’s stock, valued at approximately $234,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. CBIZ Investment Advisory Services LLC bought a new position in shares of Visa during the 1st quarter valued at approximately $25,000. AlphaMark Advisors LLC raised its stake in Visa by 57.8% during the first quarter. AlphaMark Advisors LLC now owns 172 shares of the credit-card processor’s stock valued at $28,000 after purchasing an additional 63 shares in the last quarter. Cedar Mountain Advisors LLC lifted its position in Visa by 102.6% during the second quarter. Cedar Mountain Advisors LLC now owns 158 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 80 shares during the last quarter. CVA Family Office LLC bought a new stake in shares of Visa in the 1st quarter worth about $32,000. Finally, Price Wealth LLC increased its holdings in shares of Visa by 90.0% in the 2nd quarter. Price Wealth LLC now owns 190 shares of the credit-card processor’s stock worth $37,000 after buying an additional 90 shares during the last quarter. Institutional investors own 81.41% of the company’s stock.
In related news, insider Rajat Taneja sold 3,279 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $202.02, for a total value of $662,423.58. Following the transaction, the insider now directly owns 221,282 shares in the company, valued at $44,703,389.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Ryan Mcinerney sold 26,150 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $191.87, for a total value of $5,017,400.50. The disclosure for this sale can be found here. Insiders have sold 50,429 shares of company stock worth $9,746,754 in the last three months. 0.19% of the stock is currently owned by corporate insiders.
V opened at $190.40 on Friday. Visa Inc has a twelve month low of $133.93 and a twelve month high of $214.17. The firm has a market capitalization of $377.15 billion, a PE ratio of 36.07, a PEG ratio of 3.09 and a beta of 0.92. The company has a current ratio of 1.55, a quick ratio of 1.25 and a debt-to-equity ratio of 0.59. The firm’s 50-day moving average price is $194.04 and its 200 day moving average price is $187.14.
Visa (NYSE:V) last released its earnings results on Tuesday, July 28th. The credit-card processor reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.05. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.85 billion. Visa had a net margin of 51.37% and a return on equity of 40.65%. The business’s revenue was down 18.6% on a year-over-year basis. During the same period last year, the company posted $1.37 EPS. As a group, analysts predict that Visa Inc will post 4.98 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.20 dividend on an annualized basis and a yield of 0.63%. Visa’s payout ratio is 22.06%.
Visa Company Profile
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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