Visa Inc. (NYSE:V) Shares Purchased by Procyon Advisors LLC #Visa #NYSEV #Shares #Purchased #Procyon #Advisors #LLC Welcome to Americanah Blog, here is the new story we have for you today:
Procyon Advisors LLC boosted its position in Visa Inc. (NYSE:V – Get Rating) by 5.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,757 shares of the credit-card processor’s stock after acquiring an additional 561 shares during the quarter. Procyon Advisors LLC’s holdings in Visa were worth $2,118,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in V. Rokos Capital Management LLP raised its position in Visa by 117.3% in the fourth quarter. Rokos Capital Management LLP now owns 95,000 shares of the credit-card processor’s stock valued at $20,613,000 after purchasing an additional 643,053 shares during the period. Clark Capital Management Group Inc. raised its position in Visa by 33.6% in the fourth quarter. Clark Capital Management Group Inc. now owns 12,667 shares of the credit-card processor’s stock valued at $2,745,000 after purchasing an additional 3,189 shares during the period. Fortis Capital Management LLC increased its position in shares of Visa by 123.5% during the fourth quarter. Fortis Capital Management LLC now owns 25,905 shares of the credit-card processor’s stock worth $5,614,000 after acquiring an additional 14,314 shares during the last quarter. Cheviot Value Management LLC increased its position in shares of Visa by 1,336.3% during the fourth quarter. Cheviot Value Management LLC now owns 55,084 shares of the credit-card processor’s stock worth $11,937,000 after acquiring an additional 51,249 shares during the last quarter. Finally, Siemens Fonds Invest GmbH increased its position in shares of Visa by 10.1% during the fourth quarter. Siemens Fonds Invest GmbH now owns 48,774 shares of the credit-card processor’s stock worth $10,626,000 after acquiring an additional 4,489 shares during the last quarter. 81.49% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Visa
In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $212.11, for a total transaction of $1,908,990.00. Following the sale, the chief executive officer now owns 156,887 shares of the company’s stock, valued at $33,277,301.57. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.21% of the company’s stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on V shares. Barclays lifted their target price on Visa from $263.00 to $271.00 and gave the stock an “overweight” rating in a research report on Thursday, July 28th. UBS Group lifted their target price on Visa from $292.00 to $296.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Daiwa Capital Markets lowered Visa from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $230.00 to $225.00 in a research report on Tuesday, August 16th. Royal Bank of Canada dropped their target price on Visa from $278.00 to $262.00 in a research report on Wednesday, July 27th. Finally, Wolfe Research decreased their price target on Visa from $285.00 to $260.00 in a research note on Wednesday, July 20th. Four equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus target price of $257.64.
Visa Stock Performance
Shares of NYSE V opened at $193.13 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.63. The stock has a 50 day simple moving average of $207.53 and a 200-day simple moving average of $207.32. The company has a market cap of $365.10 billion, a PE ratio of 28.49, a P/E/G ratio of 1.56 and a beta of 0.90. Visa Inc. has a 12-month low of $185.91 and a 12-month high of $236.96.
Visa Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Friday, August 12th were given a dividend of $0.375 per share. The ex-dividend date was Thursday, August 11th. This represents a $1.50 annualized dividend and a dividend yield of 0.78%. Visa’s dividend payout ratio is presently 22.12%.
Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.
Receive News & Ratings for Visa Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Visa and related companies with MarketBeat.com’s FREE daily email newsletter.