AMI Investment Management Inc. Boosts Holdings in Visa Inc. (NYSE:V)

AMI Investment Management Inc. raised its position in shares of Visa Inc. (NYSE:V) by 0.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,750 shares of the credit-card processor’s stock after acquiring an additional 106 shares during the period. Visa makes up about 1.4% of AMI Investment Management Inc.’s investment portfolio, making the stock its 21st largest position. AMI Investment Management Inc.’s holdings in Visa were worth $4,056,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Livelsberger Financial Advisory purchased a new stake in Visa in the fourth quarter worth $25,000. Westend Capital Management LLC bought a new stake in Visa during the 1st quarter valued at about $25,000. POM Investment Strategies LLC boosted its position in Visa by 970.0% in the 2nd 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. Frank Rimerman Advisors LLC bought a new position in Visa in the 4th quarter worth about $33,000. Finally, TruNorth Capital Management LLC increased its position in shares of 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 acquiring an additional 89 shares during the period. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $148,687.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.19% of the stock is owned by corporate insiders.

Visa Stock Performance

NYSE:V traded up $1.03 during trading hours on Friday, hitting $277.89. 4,259,954 shares of the company were exchanged, compared to its average volume of 7,201,777. The company’s 50 day moving average price is $272.63 and its 200-day moving average price is $273.12. The stock has a market capitalization of $506.40 billion, a price-to-earnings ratio of 30.82, a PEG ratio of 1.92 and a beta of 0.96. Visa Inc. has a 52-week low of $228.03 and a 52-week high of $293.07. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37.

Visa (NYSE:V) last released its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.42. Visa had a return on equity of 51.94% and a net margin of 54.72%. The firm had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.92 billion. During the same period in the prior year, the firm earned $2.16 EPS. The firm’s revenue was up 9.6% on a year-over-year basis. As a group, research analysts forecast that Visa Inc. will post 9.92 earnings per share for the current year.

Visa Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently issued reports on V. Macquarie reiterated an “outperform” rating and issued a $300.00 price target on shares of Visa in a report on Friday, September 27th. The Goldman Sachs Group reissued a “buy” rating and set a $317.00 price target on shares of Visa in a research report on Thursday, September 12th. BNP Paribas upgraded Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price target on the stock in a research note on Tuesday, September 3rd. Evercore ISI lowered their price objective on shares of Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Finally, Morgan Stanley reissued an “overweight” rating and set a $322.00 target price on shares of Visa in a research report on Wednesday, September 25th. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.