Visa Inc. (NYSE:V) Shares Bought by Regency Capital Management Inc. DE

Regency Capital Management Inc. DE increased its holdings in Visa Inc. (NYSE:V) by 42.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,061 shares of the credit-card processor’s stock after purchasing an additional 3,273 shares during the quarter. Visa accounts for about 1.7% of Regency Capital Management Inc. DE’s holdings, making the stock its 24th largest holding. Regency Capital Management Inc. DE’s holdings in Visa were worth $3,041,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. J. W. Coons Advisors LLC increased its stake in Visa by 1.2% during the 4th quarter. J. W. Coons Advisors LLC now owns 9,446 shares of the credit-card processor’s stock worth $2,459,000 after buying an additional 108 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new stake in shares of Visa in the fourth quarter valued at approximately $33,000. CFS Investment Advisory Services LLC grew its position in shares of Visa by 11.4% in the fourth quarter. CFS Investment Advisory Services LLC now owns 2,387 shares of the credit-card processor’s stock valued at $621,000 after purchasing an additional 245 shares in the last quarter. Kolinsky Wealth Management LLC grew its position in shares of Visa by 1.6% in the fourth quarter. Kolinsky Wealth Management LLC now owns 3,765 shares of the credit-card processor’s stock valued at $980,000 after purchasing an additional 61 shares in the last quarter. Finally, Prudential PLC grew its position in shares of Visa by 1.1% in the fourth quarter. Prudential PLC now owns 150,427 shares of the credit-card processor’s stock valued at $39,164,000 after purchasing an additional 1,695 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Up 0.4 %

V traded up $1.07 during trading on Friday, hitting $277.93. The company’s stock had a trading volume of 4,207,522 shares, compared to its average volume of 7,201,514. The firm’s 50 day moving average price is $272.63 and its 200-day moving average price is $273.12. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market cap of $506.47 billion, a PE ratio of 30.82, a PEG ratio of 1.92 and a beta of 0.96. Visa Inc. has a twelve month low of $228.03 and a twelve month high of $293.07.

Visa (NYSE:V) last issued its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, hitting the consensus estimate of $2.42. The business had revenue of $8.90 billion for 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 quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the company posted $2.16 EPS. On average, analysts expect that Visa Inc. will post 9.92 earnings per share for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Friday, August 9th. Visa’s dividend payout ratio is currently 23.24%.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated 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 approximately $148,687.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on V. BMO Capital Markets increased their price objective on Visa from $300.00 to $310.00 and gave the stock an “outperform” rating in a research report on Thursday. Jefferies Financial Group lowered their price objective on Visa from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Morgan Stanley restated an “overweight” rating and set a $322.00 price target on shares of Visa in a research note on Wednesday, September 25th. Bank of America upped their price target on Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Finally, Keefe, Bruyette & Woods upgraded Visa from a “moderate buy” rating to a “strong-buy” rating in a research note on Tuesday, September 24th. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and an average target price of $312.04.

About Visa

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.