Hodges Capital Management Inc. Cuts Holdings in Visa Inc (V)

Hodges Capital Management Inc. lessened its holdings in shares of Visa Inc (NYSE:V) by 3.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,026 shares of the credit-card processor’s stock after selling 560 shares during the quarter. Hodges Capital Management Inc.’s holdings in Visa were worth $1,897,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Janus Henderson Group PLC boosted its position in shares of Visa by 159.7% in the second quarter. Janus Henderson Group PLC now owns 9,702,770 shares of the credit-card processor’s stock valued at $909,979,000 after acquiring an additional 5,966,991 shares during the period. Vanguard Group Inc. boosted its position in shares of Visa by 2.1% in the second quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock valued at $11,911,973,000 after acquiring an additional 2,628,148 shares during the period. Capital Research Global Investors boosted its position in shares of Visa by 20.3% in the second quarter. Capital Research Global Investors now owns 11,394,893 shares of the credit-card processor’s stock valued at $1,068,613,000 after acquiring an additional 1,919,732 shares during the period. Harbour Capital Advisors LLC boosted its position in shares of Visa by 10,570.6% in the second quarter. Harbour Capital Advisors LLC now owns 1,598,668 shares of the credit-card processor’s stock valued at $17,047,000 after acquiring an additional 1,583,686 shares during the period. Finally, Prudential Financial Inc. boosted its position in shares of Visa by 56.1% in the third quarter. Prudential Financial Inc. now owns 4,023,202 shares of the credit-card processor’s stock valued at $423,401,000 after acquiring an additional 1,445,091 shares during the period. Hedge funds and other institutional investors own 81.50% of the company’s stock.

Visa Inc (NYSE V) opened at $120.09 on Friday. The company has a market cap of $272,150.00, a P/E ratio of 42.89, a price-to-earnings-growth ratio of 1.75 and a beta of 0.99. Visa Inc has a one year low of $80.76 and a one year high of $120.48. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.90 and a current ratio of 1.90.

Visa (NYSE:V) last posted its quarterly earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 EPS for the quarter, topping the consensus estimate of $0.85 by $0.05. The firm had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.63 billion. Visa had a net margin of 36.49% and a return on equity of 31.80%. The business’s revenue was up 13.9% compared to the same quarter last year. During the same period last year, the firm posted $0.78 earnings per share. sell-side analysts predict that Visa Inc will post 4.07 EPS for the current fiscal year.

In other Visa news, EVP Tullier Kelly Mahon sold 49,702 shares of Visa stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $113.66, for a total transaction of $5,649,129.32. Following the transaction, the executive vice president now directly owns 76,202 shares of the company’s stock, valued at $8,661,119.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James H. Hoffmeister sold 2,146 shares of Visa stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $112.09, for a total transaction of $240,545.14. Following the transaction, the senior vice president now directly owns 687 shares in the company, valued at $77,005.83. The disclosure for this sale can be found here. Insiders have sold 58,068 shares of company stock worth $6,597,262 over the last three months. Insiders own 0.14% of the company’s stock.

A number of research firms have recently commented on V. Cowen restated a “buy” rating and issued a $129.00 price objective on shares of Visa in a research report on Friday. Citigroup restated a “buy” rating and issued a $136.00 price objective (up from $124.00) on shares of Visa in a research report on Friday. Wells Fargo & Co restated an “outperform” rating and issued a $135.00 price objective (up from $127.00) on shares of Visa in a research report on Tuesday, January 9th. Stephens restated a “buy” rating and issued a $135.00 price objective on shares of Visa in a research report on Wednesday. Finally, Vetr lowered shares of Visa from a “buy” rating to a “hold” rating and set a $121.05 price objective for the company. in a research report on Monday, January 8th. Four analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. Visa has a consensus rating of “Buy” and an average price target of $122.03.

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Visa Company Profile

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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