Catawba Capital Management VA boosted its holdings in Visa (NYSE:V) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,100 shares of the credit-card processor’s stock after purchasing an additional 810 shares during the quarter. Catawba Capital Management VA’s holdings in Visa were worth $2,406,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in V. Beach Investment Management LLC. lifted its position in Visa by 455.7% during the second quarter. Beach Investment Management LLC. now owns 144,089 shares of the credit-card processor’s stock valued at $13,513,000 after purchasing an additional 118,159 shares during the period. Lipe & Dalton lifted its position in Visa by 1.0% during the second quarter. Lipe & Dalton now owns 15,050 shares of the credit-card processor’s stock valued at $1,411,000 after purchasing an additional 150 shares during the period. Allen Investment Management LLC bought a new position in Visa during the second quarter valued at approximately $986,000. Bellwether Investment Group LLC lifted its position in Visa by 10.9% during the second quarter. Bellwether Investment Group LLC now owns 2,427 shares of the credit-card processor’s stock valued at $228,000 after purchasing an additional 238 shares during the period. Finally, Ray Gerald L & Associates Ltd. lifted its position in Visa by 0.6% during the second quarter. Ray Gerald L & Associates Ltd. now owns 136,989 shares of the credit-card processor’s stock valued at $12,847,000 after purchasing an additional 862 shares during the period. Institutional investors and hedge funds own 81.52% of the company’s stock.
A number of analysts have commented on the stock. Vetr cut shares of Visa from a “buy” rating to a “hold” rating and set a $117.74 target price for the company. in a report on Tuesday, December 12th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $141.00 target price on shares of Visa in a report on Friday, December 22nd. Zacks Investment Research cut shares of Visa from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Susquehanna Bancshares upped their target price on shares of Visa from $126.00 to $148.00 in a report on Thursday, December 28th. Finally, Barclays reaffirmed a “buy” rating and set a $145.00 target price on shares of Visa in a report on Friday, January 5th. Two investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Visa presently has an average rating of “Buy” and an average target price of $134.97.
V traded down $3.49 during trading on Friday, hitting $117.70. 8,383,796 shares of the company traded hands, compared to its average volume of 8,650,757. Visa has a 1 year low of $88.13 and a 1 year high of $126.88. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $242,525.22, a price-to-earnings ratio of 33.82, a PEG ratio of 1.55 and a beta of 0.99.
Visa (NYSE:V) last released its quarterly earnings data on Thursday, February 1st. The credit-card processor reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.10. Visa had a net margin of 38.12% and a return on equity of 32.97%. The business had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same quarter last year, the business earned $0.86 earnings per share. Visa’s quarterly revenue was up 9.0% compared to the same quarter last year. equities research analysts forecast that Visa will post 4.38 earnings per share for the current year.
Visa announced that its board has initiated a stock buyback program on Thursday, February 1st that permits the company to repurchase $7.50 billion in shares. This repurchase authorization permits the credit-card processor to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.
In other Visa news, EVP Lynne Biggar sold 1,712 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $120.00, for a total transaction of $205,440.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is owned by company insiders.
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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.
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