Hudson Value Partners LLC sells 88 shares of Visa Inc. (NYSE:V)

Hudson Value Partners LLC reduced its holdings in Visa Inc. (NYSE:V – Free Report) by 0.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,641 shares of the credit card processor’s stock after selling 88 shares during the period. Visa makes up about 2.3% of Hudson Value Partners LLC’s holdings, making the stock its 13th largest position. Hudson Value Partners LLC’s holdings in Visa were worth $5,418,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have recently modified their holdings of the company. GUNN & Co INVESTMENT MANAGEMENT INC. raised its holdings in Visa by 1,215.7% during the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 168,786 shares of the credit card processor’s stock worth $43,943,000 after acquiring an additional 155,957 shares during the period. Brio Consultants LLC boosted its holdings in Visa by 39.1% during the 4th quarter. Brio Consultants LLC now owns 1,555 shares of the credit card processor’s stock worth $405,000 after acquiring an additional 437 shares during the period respective. Gilbert & Cook Inc. raised its holdings in Visa by 2.9% during the 4th quarter. Gilbert & Cook Inc. now owns 5,629 shares of the credit card processor’s stock worth $1,466,000 after acquiring an additional 158 shares during the period. Duff & Phelps Investment Management Co. raised its holdings in Visa by 0.3% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 17,812 shares of the credit card processor’s stock worth $4,637,000 after acquiring an additional 50 shares during the period. Finally, Cozad Asset Management Inc. raised its holdings in Visa by 1.9% in the 4th quarter. Cozad Asset Management Inc. now owns 4,419 shares of the credit card processor’s stock worth $1,150,000 after acquiring an additional 84 shares during the period. Institutional investors own 82.15% of the company’s shares.

Visa transaction up 0.7%

Shares of NYSE V opened at $276.37 on Friday. Visa Inc. has a 1 year low of $227.78 and a 1 year high of $290.96. The stock has a market cap of $505.46 billion, a P/E ratio of 30.88, a price-to-earnings-growth ratio of 1.89 and a beta of 0.95. The firm has a 50-day moving average of $265.67 and a 200-day moving average of $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.

Visa (NYSE:V – Get Your Free Report ) last posted its quarterly earnings results on Tuesday, July 23rd. The credit card processor reported $2.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The company had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.92 billion. In the same period last year, the company posted EPS of $2.16. Visa’s revenue grew 9.6% year over year. As a group, sell-side analysts expect that Visa Inc. to post 9.91 EPS for the current fiscal year.

Visa announces dividends

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 9th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, August 9. This represents a dividend of $2.08 on an annualized basis and a yield of 0.75%. Visa’s dividend payout ratio (DPR) is currently 23.24%.

Analyst upgrades and downgrades

V has been the subject of several analyst reports. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a report on Friday, August 9th. TD Cowen cut their price target on shares of Visa from $320.00 to $318.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Evercore ISI decreased their target price on shares of Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Morgan Stanley cut their price target on shares of Visa from $326.00 to $322.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Finally, Bank of America reissued a “neutral” rating and issued a $297.00 target price (down from $305.00) on shares of Visa in a report on Wednesday, July 10th. Six investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Moderate Buy” and a consensus price target of $308.50, according to MarketBeat.com.

Get the latest analysis on Visa

Visa Company Profile

(Free report)

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables the 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 payment solution for consumers; and Visa DPS, which offers a range of value-added services including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions and contact center services.

See Also

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