Carroll Financial Associates Inc. Increases Stake in Visa Inc (V)

Carroll Financial Associates Inc. increased its stake in Visa Inc (NYSE:V) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,477 shares of the credit-card processor’s stock after purchasing an additional 902 shares during the period. Carroll Financial Associates Inc.’s holdings in Visa were worth $1,219,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Wallington Asset Management LLC grew its holdings in shares of Visa by 3.8% in the second quarter. Wallington Asset Management LLC now owns 57,779 shares of the credit-card processor’s stock worth $5,419,000 after purchasing an additional 2,090 shares during the last quarter. iAB Financial Bank lifted its stake in Visa by 2.6% in the second quarter. iAB Financial Bank now owns 56,963 shares of the credit-card processor’s stock worth $5,342,000 after acquiring an additional 1,423 shares during the period. Carret Asset Management LLC lifted its stake in Visa by 4.5% in the first quarter. Carret Asset Management LLC now owns 27,037 shares of the credit-card processor’s stock worth $2,403,000 after acquiring an additional 1,153 shares during the period. Heritage Trust Co lifted its stake in Visa by 51.4% in the second quarter. Heritage Trust Co now owns 4,520 shares of the credit-card processor’s stock worth $424,000 after acquiring an additional 1,535 shares during the period. Finally, Cypress Asset Management Inc. TX lifted its stake in Visa by 31.1% in the second quarter. Cypress Asset Management Inc. TX now owns 14,720 shares of the credit-card processor’s stock worth $1,380,000 after acquiring an additional 3,495 shares during the period. Institutional investors own 81.50% of the company’s stock.

Shares of Visa Inc (NYSE V) opened at $119.84 on Friday. The stock has a market capitalization of $271,580.00, a P/E ratio of 42.80, a PEG ratio of 1.73 and a beta of 0.99. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.61. Visa Inc has a twelve month low of $80.51 and a twelve month high of $120.48.

Visa (NYSE:V) last released its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ 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 return on equity of 31.80% and a net margin of 36.49%. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS. equities research analysts predict that Visa Inc will post 4.07 earnings per share for the current fiscal year.

In related news, SVP James H. Hoffmeister sold 2,146 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 687 shares in the company, valued at approximately $77,005.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert W. Matschullat sold 6,220 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $113.76, for a total value of $707,587.20. Following the sale, the director now owns 57,368 shares of the company’s stock, valued at $6,526,183.68. The disclosure for this sale can be found here. Insiders sold a total of 58,068 shares of company stock worth $6,597,262 in the last ninety days. 0.14% of the stock is currently owned by corporate insiders.

Several equities analysts have commented on the company. Mizuho reissued a “buy” rating and set a $115.00 price objective on shares of Visa in a research report on Thursday, October 12th. Zacks Investment Research raised Visa from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a research report on Tuesday, September 19th. BMO Capital Markets raised their price objective on Visa from $116.00 to $134.00 and gave the company an “outperform” rating in a research report on Thursday, October 26th. Vetr lowered Visa from a “buy” rating to a “hold” rating and set a $113.35 price target for the company. in a research report on Wednesday, October 25th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $122.00 price target on shares of Visa in a research report on Tuesday, September 26th. Four research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $120.94.

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Visa 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.

Institutional Ownership by Quarter for Visa (NYSE:V)

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