Paragon Capital Management Ltd acquired a new stake in shares of Visa Inc (NYSE:V) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,137 shares of the credit-card processor’s stock, valued at approximately $435,000.
Other large investors also recently made changes to their positions in the company. Janus Henderson Group PLC raised its holdings in shares of Visa by 159.7% during the 2nd quarter. Janus Henderson Group PLC now owns 9,702,770 shares of the credit-card processor’s stock worth $909,979,000 after acquiring an additional 5,966,991 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Visa by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock worth $11,911,973,000 after acquiring an additional 2,628,148 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Visa by 20.3% during the 2nd quarter. Capital Research Global Investors now owns 11,394,893 shares of the credit-card processor’s stock worth $1,068,613,000 after acquiring an additional 1,919,732 shares in the last quarter. Harbour Capital Advisors LLC raised its holdings in shares of Visa by 10,570.6% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,598,668 shares of the credit-card processor’s stock worth $17,047,000 after acquiring an additional 1,583,686 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Visa by 1.3% during the 2nd quarter. BlackRock Inc. now owns 114,649,667 shares of the credit-card processor’s stock worth $10,751,846,000 after acquiring an additional 1,440,034 shares in the last quarter. Institutional investors own 81.50% of the company’s stock.
In related news, Director Robert W. Matschullat sold 6,220 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $113.76, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Tullier Kelly Mahon sold 49,702 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $113.66, for a total value of $5,649,129.32. Following the sale, the executive vice president now directly owns 76,202 shares in the company, valued at approximately $8,661,119.32. The disclosure for this sale can be found here. Insiders have sold a total of 58,068 shares of company stock worth $6,597,262 in the last three months. Corporate insiders own 0.14% of the company’s stock.
Several analysts have recently issued reports on V shares. Mizuho reaffirmed a “buy” rating and set a $115.00 price objective on shares of Visa in a 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 on the stock in a report on Tuesday, September 19th. Citigroup reaffirmed a “buy” rating and set a $136.00 price objective (up from $124.00) on shares of Visa in a report on Friday. BMO Capital Markets upped their price objective on Visa from $116.00 to $134.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. Finally, Vetr lowered Visa from a “buy” rating to a “hold” rating and set a $113.35 price target on the stock. in a report on Wednesday, October 25th. Four analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $122.03.
Visa Inc (NYSE:V) opened at $120.09 on Friday. Visa Inc has a 12-month low of $80.76 and a 12-month high of $120.48. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.90. The company has a market capitalization of $272,150.00, a price-to-earnings ratio of 42.89, a price-to-earnings-growth ratio of 1.75 and a beta of 0.99.
Visa (NYSE:V) last posted its quarterly earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.05. Visa had a return on equity of 31.80% and a net margin of 36.49%. The business had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same quarter in the prior year, the company earned $0.78 EPS. The business’s revenue was up 13.9% compared to the same quarter last year. equities research analysts expect that Visa Inc will post 4.07 earnings per share for the current fiscal year.
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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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