Calamos Advisors LLC Has $244.89 Million Holdings in Visa Inc. $V

Calamos Advisors LLC decreased its stake in Visa Inc. (NYSE:V) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 717,360 shares of the credit-card processor’s stock after selling 6,784 shares during the quarter. Visa makes up about 0.9% of Calamos Advisors LLC’s investment portfolio, making the stock its 13th largest position. Calamos Advisors LLC’s holdings in Visa were worth $244,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the stock. Family Legacy Financial Solutions LLC bought a new position in Visa during the 2nd quarter valued at about $28,000. Harbor Asset Planning Inc. bought a new stake in Visa during the second quarter worth about $29,000. Sagard Holdings Management Inc. acquired a new stake in shares of Visa during the second quarter worth approximately $31,000. Bare Financial Services Inc raised its stake in shares of Visa by 287.0% in the second quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock valued at $32,000 after acquiring an additional 66 shares during the last quarter. Finally, Cranbrook Wealth Management LLC boosted its holdings in shares of Visa by 82.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock worth $32,000 after acquiring an additional 41 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $341.00, for a total transaction of $3,575,385.00. Following the completion of the sale, the chief executive officer owned 537 shares in the company, valued at approximately $183,117. The trade was a 95.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lloyd Carney sold 900 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $336.48, for a total value of $302,832.00. Following the completion of the transaction, the director directly owned 2,468 shares in the company, valued at approximately $830,432.64. This trade represents a 26.72% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 13,557 shares of company stock valued at $4,586,137. Company insiders own 0.12% of the company’s stock.

Visa Stock Performance

Shares of NYSE:V opened at $350.99 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53. Visa Inc. has a 1-year low of $299.00 and a 1-year high of $375.51. The stock has a market capitalization of $639.41 billion, a P/E ratio of 34.38, a P/E/G ratio of 2.06 and a beta of 0.81. The business has a 50-day moving average price of $339.16 and a two-hundred day moving average price of $343.92.

Visa (NYSE:V) last issued its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.01. Visa had a net margin of 50.15% and a return on equity of 60.31%. The company had revenue of $10.72 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter last year, the firm earned $2.71 EPS. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. Equities analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. This is a boost from Visa’s previous quarterly dividend of $0.59. Visa’s dividend payout ratio (DPR) is presently 26.25%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Citigroup raised Visa to a “strong-buy” rating in a report on Thursday, October 23rd. Evercore ISI set a $380.00 price target on Visa in a report on Friday, December 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Visa in a report on Wednesday, October 8th. UBS Group set a $425.00 price objective on shares of Visa and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Bank of America raised shares of Visa from a “neutral” rating to a “buy” rating and set a $382.00 target price for the company in a research note on Thursday, December 11th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $402.52.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.