Dana Investment Advisors Inc. Increases Holdings in Visa Inc. $V

Dana Investment Advisors Inc. boosted its holdings in shares of Visa Inc. (NYSE:V) by 4.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 130,891 shares of the credit-card processor’s stock after purchasing an additional 5,833 shares during the period. Visa comprises approximately 1.3% of Dana Investment Advisors Inc.’s investment portfolio, making the stock its 9th biggest position. Dana Investment Advisors Inc.’s holdings in Visa were worth $44,684,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Visa by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 162,544,006 shares of the credit-card processor’s stock worth $57,711,249,000 after buying an additional 1,461,575 shares during the last quarter. Geode Capital Management LLC grew its position in Visa by 2.5% in the second quarter. Geode Capital Management LLC now owns 43,096,802 shares of the credit-card processor’s stock valued at $15,253,245,000 after acquiring an additional 1,067,631 shares during the last quarter. Norges Bank acquired a new position in Visa during the second quarter worth about $7,034,939,000. TCI Fund Management Ltd. raised its stake in Visa by 14.6% during the second quarter. TCI Fund Management Ltd. now owns 19,067,558 shares of the credit-card processor’s stock worth $6,769,936,000 after acquiring an additional 2,429,996 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Visa by 1.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 12,820,885 shares of the credit-card processor’s stock worth $4,552,057,000 after acquiring an additional 145,665 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Performance

Shares of V opened at $306.22 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. The firm’s fifty day simple moving average is $335.58 and its two-hundred day simple moving average is $338.77. Visa Inc. has a 12 month low of $299.00 and a 12 month high of $375.51. The stock has a market capitalization of $555.84 billion, a P/E ratio of 28.73, a price-to-earnings-growth ratio of 1.84 and a beta of 0.79.

Visa (NYSE:V) last released its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, topping the consensus estimate of $3.14 by $0.03. The business had revenue of $10.90 billion during the quarter, compared to analysts’ expectations of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.The firm’s revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.75 earnings per share. As a group, analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 10th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $2.68 annualized dividend and a yield of 0.9%. Visa’s dividend payout ratio is currently 25.14%.

Analyst Ratings Changes

Several brokerages recently issued reports on V. Evercore set a $380.00 price target on shares of Visa in a report on Friday, December 12th. Raymond James Financial restated an “outperform” rating and issued a $408.00 target price (up previously from $398.00) on shares of Visa in a research report on Wednesday, October 29th. Royal Bank Of Canada reiterated an “outperform” rating and set a $395.00 price target on shares of Visa in a report on Friday, January 30th. Bank of America raised Visa from a “neutral” rating to a “buy” rating and set a $382.00 price objective on the stock in a report on Thursday, December 11th. Finally, Cantor Fitzgerald upgraded Visa to a “strong-buy” rating in a research report on Tuesday, January 27th. Seven analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Visa currently has an average rating of “Buy” and an average price target of $391.43.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $349.18, for a total value of $3,661,152.30. Following the completion of the sale, the chief executive officer directly owned 9,401 shares of the company’s stock, valued at approximately $3,282,641.18. The trade was a 52.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.12% of the company’s stock.

Visa 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.