Visa Inc. $V Shares Sold by SSA Swiss Advisors AG

SSA Swiss Advisors AG lessened its position in shares of Visa Inc. (NYSE:V) by 12.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,689 shares of the credit-card processor’s stock after selling 1,570 shares during the quarter. Visa comprises 1.8% of SSA Swiss Advisors AG’s investment portfolio, making the stock its 20th biggest holding. SSA Swiss Advisors AG’s holdings in Visa were worth $3,782,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Keystone Global Partners LLC purchased a new position in Visa during the 1st quarter worth approximately $26,000. von Borstel & Associates Inc. purchased a new position in Visa during the 1st quarter worth approximately $27,000. Family Legacy Financial Solutions LLC purchased a new position in Visa during the 2nd quarter worth approximately $28,000. Harbor Asset Planning Inc. purchased a new position in Visa during the 2nd quarter worth approximately $29,000. Finally, Cranbrook Wealth Management LLC grew its stake in Visa by 82.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock worth $32,000 after buying an additional 41 shares during 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 Visa stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the transaction, the general counsel directly owned 11,925 shares of the company’s stock, valued at approximately $4,102,438.50. The trade was a 14.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total value of $3,589,015.50. Following the transaction, the chief executive officer directly 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. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Erste Group Bank downgraded Visa from a “buy” rating to a “hold” rating in a research note on Monday, September 22nd. Oppenheimer lifted their target price on Visa from $390.00 to $391.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Raymond James Financial reiterated an “outperform” rating on shares of Visa in a research note on Wednesday, July 30th. Macquarie lifted their target price on Visa from $380.00 to $425.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Finally, Citigroup upgraded Visa to a “strong-buy” rating in a research note on Thursday, October 23rd. 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $392.75.

Visa Stock Up 0.1%

Visa stock opened at $347.71 on Tuesday. The stock’s 50 day moving average price is $344.89 and its 200 day moving average price is $348.09. The company has a market cap of $637.28 billion, a PE ratio of 33.96, a price-to-earnings-growth ratio of 2.05 and a beta of 0.90. Visa Inc. has a 1-year low of $281.35 and a 1-year high of $375.51. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12.

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

Visa Company 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.