Atlas Brown Inc. boosted its position in Visa Inc (NYSE:V) by 9.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,797 shares of the credit-card processor’s stock after purchasing an additional 230 shares during the period. Atlas Brown Inc.’s holdings in Visa were worth $526,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of V. Selective Wealth Management Inc. bought a new stake in shares of Visa during the 3rd quarter valued at $47,000. Investors Research Corp increased its holdings in shares of Visa by 40.2% in the 3rd quarter. Investors Research Corp now owns 279 shares of the credit-card processor’s stock valued at $48,000 after acquiring an additional 80 shares during the period. NewSquare Capital LLC increased its holdings in shares of Visa by 29.2% in the 3rd quarter. NewSquare Capital LLC now owns 310 shares of the credit-card processor’s stock valued at $53,000 after acquiring an additional 70 shares during the period. JJJ Advisors Inc. raised its position in shares of Visa by 203.4% in the 3rd quarter. JJJ Advisors Inc. now owns 358 shares of the credit-card processor’s stock worth $62,000 after acquiring an additional 240 shares in the last quarter. Finally, Winthrop Partners WNY LLC purchased a new stake in shares of Visa during the 3rd quarter worth $71,000. 81.08% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have commented on V. Nomura boosted their target price on shares of Visa from to and gave the stock a “buy” rating in a report on Monday. Guggenheim set a $194.00 price objective on shares of Visa and gave the stock a “buy” rating in a research report on Friday, October 25th. Morgan Stanley increased their target price on shares of Visa from $207.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Wedbush raised their target price on shares of Visa from $195.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Wells Fargo & Co increased their price objective on Visa from $200.00 to $213.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $203.79.
In related news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $177.79, for a total transaction of $1,244,530.00. Following the transaction, the chief executive officer now owns 55,446 shares in the company, valued at approximately $9,857,744.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP William M. Sheedy sold 21,164 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $178.71, for a total value of $3,782,218.44. Following the transaction, the executive vice president now owns 227,126 shares in the company, valued at approximately $40,589,687.46. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,480 shares of company stock valued at $10,606,182. 0.17% of the stock is owned by company insiders.
Shares of V traded up $0.60 during mid-day trading on Tuesday, hitting $195.93. 341,087 shares of the company were exchanged, compared to its average volume of 6,039,877. Visa Inc has a 1-year low of $133.30 and a 1-year high of $195.60. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.56 and a current ratio of 1.56. The company has a 50 day moving average of $186.67 and a 200-day moving average of $180.02. The stock has a market cap of $385.85 billion, a price-to-earnings ratio of 36.01, a price-to-earnings-growth ratio of 2.01 and a beta of 0.93.
Visa (NYSE:V) last released its quarterly earnings results on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.04. The firm had revenue of $6.14 billion during the quarter, compared to the consensus estimate of $6.08 billion. Visa had a net margin of 52.57% and a return on equity of 42.57%. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.21 EPS. Research analysts anticipate that Visa Inc will post 6.2 earnings per share for the current fiscal year.
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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