Wrapmanager Inc. trimmed its holdings in shares of Visa Inc (NYSE:V) by 43.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,087 shares of the credit-card processor’s stock after selling 6,156 shares during the quarter. Wrapmanager Inc.’s holdings in Visa were worth $851,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in V. Cordasco Financial Network bought a new position in shares of Visa in the third quarter worth approximately $105,000. Motco boosted its position in shares of Visa by 25.1% in the second quarter. Motco now owns 1,176 shares of the credit-card processor’s stock worth $110,000 after purchasing an additional 236 shares during the period. BDO Wealth Advisors LLC bought a new position in shares of Visa in the second quarter worth approximately $115,000. Mascoma Wealth Management LLC bought a new position in shares of Visa in the second quarter worth approximately $122,000. Finally, MPS Loria Financial Planners LLC bought a new position in shares of Visa in the second quarter worth approximately $123,000. Institutional investors own 81.55% of the company’s stock.
In other news, Director Robert W. Matschullat sold 6,220 shares of the stock in a transaction on Wednesday, December 13th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Tullier Kelly Mahon sold 49,702 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $113.66, for a total transaction of $5,649,129.32. Following the completion of 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. In the last ninety days, insiders have sold 58,068 shares of company stock worth $6,597,262. 0.14% of the stock is owned by insiders.
A number of research firms have weighed in on V. Wells Fargo & Co upgraded shares of Visa from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $107.01 to $120.00 in a research report on Tuesday, October 10th. Zacks Investment Research lowered shares of Visa from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Cantor Fitzgerald assumed coverage on shares of Visa in a research report on Thursday, September 28th. They set an “overweight” rating and a $120.00 target price for the company. Vetr lowered shares of Visa from a “buy” rating to a “hold” rating and set a $121.05 target price for the company. in a research report on Monday, January 8th. Finally, Buckingham Research upped their target price on shares of Visa from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Four analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. Visa presently has a consensus rating of “Buy” and a consensus target price of $122.03.
Shares of Visa Inc (NYSE V) opened at $123.11 on Friday. The stock has a market cap of $252,698.80, a price-to-earnings ratio of 43.97, a P/E/G ratio of 1.78 and a beta of 0.97. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.90 and a current ratio of 1.90. Visa Inc has a 12 month low of $81.41 and a 12 month high of $123.19.
Visa (NYSE:V) last released its quarterly earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.05. The company had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.63 billion. Visa had a net margin of 36.49% and a return on equity of 31.80%. Visa’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 earnings per share. equities analysts forecast that Visa Inc will post 4.08 EPS for the current year.
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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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