Mason & Associates Inc Trims Stake in Visa Inc. $V

Mason & Associates Inc lowered its stake in Visa Inc. (NYSE:V) by 11.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,741 shares of the credit-card processor’s stock after selling 220 shares during the quarter. Mason & Associates Inc’s holdings in Visa were worth $618,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of V. Keystone Global Partners LLC purchased a new stake in Visa in the 1st quarter valued at approximately $26,000. von Borstel & Associates Inc. purchased a new stake in Visa in the 1st quarter valued at approximately $27,000. Family Legacy Financial Solutions LLC purchased a new stake in Visa in the 2nd quarter valued at approximately $28,000. Harbor Asset Planning Inc. purchased a new stake in Visa in the 2nd quarter valued at approximately $29,000. Finally, Cranbrook Wealth Management LLC lifted its stake in Visa by 82.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock valued at $32,000 after buying an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the sale, the general counsel directly owned 11,925 shares in the company, valued at approximately $4,102,438.50. This represents a 14.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total value of $3,589,015.50. Following the completion of the sale, the chief executive officer owned 537 shares of the company’s stock, valued at approximately $183,815.10. This represents a 95.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on V. Robert W. Baird set a $410.00 target price on Visa and gave the company an “outperform” rating in a research note on Monday, October 6th. Deutsche Bank Aktiengesellschaft started coverage on Visa in a research note on Thursday, July 17th. They set a “buy” rating and a $410.00 price target on the stock. Morgan Stanley increased their price target on Visa from $386.00 to $402.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. UBS Group reissued a “buy” rating and set a $415.00 price target (up previously from $405.00) on shares of Visa in a research note on Wednesday, July 30th. Finally, KeyCorp reissued an “overweight” rating and set a $405.00 price target on shares of Visa in a research note on Wednesday, October 22nd. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average price target of $392.75.

Visa Trading Up 0.1%

V stock opened at $347.71 on Tuesday. The company has a market cap of $637.28 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 2.05 and a beta of 0.90. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. The business has a fifty day simple moving average of $344.89 and a 200-day simple moving average of $348.09. Visa Inc. has a 52 week low of $281.35 and a 52 week high of $375.51.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.13. The business had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.42 EPS. On average, equities research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.