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SCS and Kennedy boosted Visa stakes after strong Q3 results, with stock at $330.92 and a $400 target.
SCS Capital Management and Kennedy Capital Management both increased their stakes in Visa Inc. during the second quarter, with SCS raising its holding by 19.8% and Kennedy acquiring a $5.01 million position.
Visa reported strong Q3 earnings on October 28, posting $2.98 EPS and $10.72 billion in revenue, surpassing estimates and marking an 11.5% year-over-year revenue growth.
The company raised its quarterly dividend to $0.67, resulting in a 0.8% yield, and maintained a robust net margin of 50.15% and return on equity of 60.31%.
The stock, trading at $330.92 with a $602.85 billion market cap, has a consensus "Moderate Buy" rating and a $400 target price, with analysts citing strong fundamentals and global payment network leadership.
SCS y Kennedy aumentaron las apuestas de Visa después de fuertes resultados del tercer trimestre, con acciones en $330.92 y un objetivo de $400.