Unisphere Establishment Has $398.95 Million Position in Visa Inc. (NYSE:V)

Unisphere Establishment raised its position in shares of Visa Inc. (NYSE:V) by 4.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,520,000 shares of the credit-card processor’s stock after acquiring an additional 60,000 shares during the period. Visa makes up 4.0% of Unisphere Establishment’s portfolio, making the stock its 9th biggest holding. Unisphere Establishment owned approximately 0.08% of Visa worth $398,954,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Livelsberger Financial Advisory bought a new stake in Visa during the fourth quarter valued at about $25,000. Westend Capital Management LLC acquired a new stake in Visa during the first quarter worth about $25,000. POM Investment Strategies LLC grew 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 worth $28,000 after buying an additional 97 shares in the last quarter. Frank Rimerman Advisors LLC acquired a new stake in Visa during the fourth quarter worth about $33,000. Finally, TruNorth Capital Management LLC grew its position in Visa by 211.9% during the second 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 in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Performance

V stock opened at $272.93 on Wednesday. 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 company has a 50 day moving average price of $271.12 and a 200 day moving average price of $273.42. Visa Inc. has a fifty-two week low of $227.78 and a fifty-two week high of $293.07. The stock has a market capitalization of $497.36 billion, a PE ratio of 30.49, a price-to-earnings-growth ratio of 2.04 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, hitting the consensus estimate of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The firm had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.92 billion. During the same quarter in the previous year, the company posted $2.16 EPS. Visa’s revenue was up 9.6% on a year-over-year basis. Analysts forecast that Visa Inc. will post 9.92 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 9th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Friday, August 9th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Tuesday, September 3rd. The shares were 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 of the company’s stock, valued at approximately $148,687.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

V has been the topic of a number of recent research reports. Jefferies Financial Group decreased their target price on Visa from $325.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Citigroup decreased their target price on Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Piper Sandler decreased their target price on Visa from $322.00 to $319.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. The Goldman Sachs Group reissued a “buy” rating and set a $317.00 target price on shares of Visa in a research report on Thursday, September 12th. Finally, JPMorgan Chase & Co. raised their price target on shares of Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Six equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $310.22.

Visa Company 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.