Mawer Investment Management Ltd. Buys 116,629 Shares of Visa Inc (NYSE:V)

Mawer Investment Management Ltd. boosted its stake in shares of Visa Inc (NYSE:V) by 4.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,863,387 shares of the credit-card processor’s stock after buying an additional 116,629 shares during the period. Visa makes up approximately 3.2% of Mawer Investment Management Ltd.’s holdings, making the stock its 3rd biggest holding. Mawer Investment Management Ltd. owned 0.14% of Visa worth $496,829,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. IFG Advisory LLC raised its holdings in shares of Visa by 4.7% in the second quarter. IFG Advisory LLC now owns 4,679 shares of the credit-card processor’s stock valued at $812,000 after purchasing an additional 208 shares during the last quarter. Pinkerton Retirement Specialists LLC raised its holdings in shares of Visa by 6.1% in the second quarter. Pinkerton Retirement Specialists LLC now owns 17,044 shares of the credit-card processor’s stock valued at $2,958,000 after purchasing an additional 975 shares during the last quarter. MRA Associates USA LLC acquired a new stake in shares of Visa in the second quarter valued at approximately $42,000. WCM Investment Management LLC raised its holdings in shares of Visa by 15.5% in the second quarter. WCM Investment Management LLC now owns 1,259,556 shares of the credit-card processor’s stock valued at $218,595,000 after purchasing an additional 168,758 shares during the last quarter. Finally, Private Wealth Partners LLC raised its holdings in shares of Visa by 0.3% in the second quarter. Private Wealth Partners LLC now owns 218,413 shares of the credit-card processor’s stock valued at $37,906,000 after purchasing an additional 578 shares during the last quarter. Hedge funds and other institutional investors own 81.34% of the company’s stock.

A number of analysts have recently issued reports on V shares. Wells Fargo & Co lifted their price objective on shares of Visa from $181.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. Robert W. Baird set a $196.00 target price on shares of Visa and gave the stock a “buy” rating in a report on Friday, July 19th. BMO Capital Markets boosted their target price on shares of Visa to $214.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Raymond James boosted their target price on shares of Visa from $177.00 to $193.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Finally, Jefferies Financial Group boosted their target price on shares of Visa from $190.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Two research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Visa currently has a consensus rating of “Buy” and a consensus price target of $195.46.

In other Visa news, Director Denise M. Morrison bought 1,000 shares of Visa stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of $171.13 per share, with a total value of $171,130.00. Following the completion of the transaction, the director now owns 3,223 shares in the company, valued at approximately $551,551.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lloyd Carney sold 3,500 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $182.73, for a total transaction of $639,555.00. Following the completion of the sale, the director now directly owns 3,452 shares of the company’s stock, valued at approximately $630,783.96. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

V stock traded down $4.10 during midday trading on Friday, reaching $175.99. 130,188 shares of the company were exchanged, compared to its average volume of 7,386,899. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.69 and a quick ratio of 1.69. The business has a 50-day moving average price of $178.90 and a two-hundred day moving average price of $163.38. Visa Inc has a one year low of $121.60 and a one year high of $184.07. The firm has a market capitalization of $355.60 billion, a price-to-earnings ratio of 38.19, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $1.37 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.04. Visa had a net margin of 53.43% and a return on equity of 41.04%. The firm had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.70 billion. During the same period in the previous year, the business posted $1.20 earnings per share. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, analysts anticipate that Visa Inc will post 5.4 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.57%. Visa’s dividend payout ratio (DPR) is 21.69%.

Visa Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

Further Reading: CD Ladder

Institutional Ownership by Quarter for Visa (NYSE:V)

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