Rosenblum Silverman Sutton S F Inc. CA reduced its position in Visa (NYSE:V) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,324 shares of the credit-card processor’s stock after selling 1,480 shares during the period. Visa makes up approximately 5.4% of Rosenblum Silverman Sutton S F Inc. CA’s holdings, making the stock its 3rd largest holding. Rosenblum Silverman Sutton S F Inc. CA’s holdings in Visa were worth $14,974,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in V. Krilogy Financial LLC lifted its position in Visa by 0.3% during the 2nd quarter. Krilogy Financial LLC now owns 2,572 shares of the credit-card processor’s stock worth $241,000 after acquiring an additional 7 shares in the last quarter. Raab & Moskowitz Asset Management LLC lifted its position in Visa by 0.5% during the 2nd quarter. Raab & Moskowitz Asset Management LLC now owns 7,428 shares of the credit-card processor’s stock worth $739,000 after acquiring an additional 38 shares in the last quarter. Westside Investment Management Inc. lifted its position in Visa by 2.4% during the 2nd quarter. Westside Investment Management Inc. now owns 1,680 shares of the credit-card processor’s stock worth $160,000 after acquiring an additional 40 shares in the last quarter. Arete Wealth Advisors LLC lifted its position in Visa by 1.3% during the 2nd quarter. Arete Wealth Advisors LLC now owns 4,252 shares of the credit-card processor’s stock worth $399,000 after acquiring an additional 56 shares in the last quarter. Finally, Comerica Securities Inc. lifted its position in Visa by 0.4% during the 2nd quarter. Comerica Securities Inc. now owns 18,509 shares of the credit-card processor’s stock worth $1,736,000 after acquiring an additional 72 shares in the last quarter. 81.52% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Lynne Biggar sold 1,712 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $120.00, for a total value of $205,440.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by insiders.
Shares of NYSE V opened at $117.70 on Monday. Visa has a twelve month low of $88.13 and a twelve month high of $126.88. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $242,525.22, a PE ratio of 33.82, a PEG ratio of 1.55 and a beta of 0.99.
Visa (NYSE:V) last issued its quarterly earnings results on Thursday, February 1st. The credit-card processor reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.10. Visa had a return on equity of 32.97% and a net margin of 38.12%. The business had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the previous year, the business earned $0.86 EPS. The business’s quarterly revenue was up 9.0% on a year-over-year basis. equities analysts forecast that Visa will post 4.38 EPS for the current year.
Visa announced that its Board of Directors has authorized a share buyback plan on Thursday, February 1st that permits the company to repurchase $7.50 billion in shares. This repurchase authorization permits the credit-card processor to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
Several equities analysts recently commented on V shares. Susquehanna Bancshares boosted their price target on Visa from $126.00 to $148.00 in a research report on Thursday, December 28th. Cowen reissued a “buy” rating and set a $129.00 price target on shares of Visa in a research report on Friday, January 12th. Citigroup reissued a “buy” rating and set a $136.00 price target (up from $124.00) on shares of Visa in a research report on Friday, January 12th. Stephens reissued a “buy” rating and set a $135.00 price target on shares of Visa in a research report on Wednesday, January 10th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $141.00 target price on shares of Visa in a research report on Friday, December 22nd. Two equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Visa currently has a consensus rating of “Buy” and a consensus price target of $134.97.
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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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