S&CO Inc. Buys $14.37M Stake in Visa Inc.

S&CO Inc., a firm, acquired a new stake in Visa Inc. (NYSE:V) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The company purchased 41,890 shares of Visa's stock, valued at approximately $14,372,000.

This is not an isolated instance, as several other hedge funds and institutional investors have also bought and sold shares of V in recent quarters. PayPay Securities Corp grew its holdings in shares of Visa by 102.7% during the fourth quarter. Parvin Asset Management LLC lifted its stake in Visa by 200.0% in the third quarter.

Visa's Board of Directors has approved a stock buyback plan that permits the company to repurchase up to $20.00 billion in shares through open market purchases. The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st, to investors of record on Tuesday, August 11th.

The credit-card processor reported $3.32 earnings per share for the quarter, topping analysts' consensus estimates of $3.23 by $0.09. The firm had revenue of $11.63 billion for the quarter, compared to analysts' expectations of $11.40 billion.