Howland Capital Management LLC decreased its stake in shares of Visa (NYSE:V) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 312,201 shares of the credit-card processor’s stock after selling 4,474 shares during the quarter. Visa comprises about 2.8% of Howland Capital Management LLC’s portfolio, making the stock its 3rd biggest holding. Howland Capital Management LLC’s holdings in Visa were worth $35,597,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. Fundsmith LLP boosted its stake in shares of Visa by 5.3% during the 2nd quarter. Fundsmith LLP now owns 5,217,623 shares of the credit-card processor’s stock worth $489,309,000 after acquiring an additional 262,930 shares during the period. Beach Point Capital Management LP bought a new position in shares of Visa during the 3rd quarter worth approximately $5,736,000. Calamos Wealth Management LLC boosted its stake in shares of Visa by 186.5% during the 3rd quarter. Calamos Wealth Management LLC now owns 68,524 shares of the credit-card processor’s stock worth $7,211,000 after acquiring an additional 44,609 shares during the period. Gs Investments Inc. bought a new position in shares of Visa during the 2nd quarter worth approximately $2,408,000. Finally, Meyer Handelman Co. boosted its stake in Visa by 38.3% in the 3rd quarter. Meyer Handelman Co. now owns 22,124 shares of the credit-card processor’s stock valued at $2,329,000 after purchasing an additional 6,124 shares during the period. 81.52% of the stock is currently owned by hedge funds and other institutional investors.
Visa stock opened at $117.70 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.60. Visa has a 52 week low of $88.13 and a 52 week high of $126.88. The firm has a market cap of $246,872.95, a PE ratio of 33.82, a price-to-earnings-growth ratio of 1.58 and a beta of 0.99.
Visa (NYSE:V) last posted its quarterly earnings results on Thursday, February 1st. The credit-card processor reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.10. Visa had a return on equity of 32.97% and a net margin of 38.12%. The company had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter in the previous year, the firm earned $0.86 EPS. Visa’s revenue was up 9.0% on a year-over-year basis. research analysts forecast that Visa will post 4.38 EPS for the current year.
Visa declared that its board has approved a share repurchase program on Thursday, February 1st that allows the company to buyback $7.50 billion in shares. This buyback authorization allows the credit-card processor to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.
In other news, EVP Lynne Biggar sold 1,712 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $120.00, for a total transaction of $205,440.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is currently owned by insiders.
Several research firms recently issued reports on V. Keefe, Bruyette & Woods restated a “buy” rating on shares of Visa in a research note on Thursday, February 1st. BMO Capital Markets restated a “positive” rating and issued a $148.00 price target on shares of Visa in a research note on Monday, February 5th. Barclays restated a “buy” rating and issued a $145.00 price target on shares of Visa in a research note on Friday, January 5th. Mizuho restated a “buy” rating and issued a $136.00 price target on shares of Visa in a research note on Friday, February 2nd. Finally, Piper Jaffray boosted their price target on Visa from $158.00 to $164.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Three analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Visa currently has a consensus rating of “Buy” and a consensus price target of $135.19.
WARNING: This piece was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2018/04/07/visa-v-holdings-decreased-by-howland-capital-management-llc.html.
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa (NYSE:V).
Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.