YHB Investment Advisors Inc. increased its holdings in Visa Inc (NYSE:V) by 1.4% in the second quarter, Holdings Channel.com reports. The firm owned 97,288 shares of the credit-card processor’s stock after acquiring an additional 1,305 shares during the period. Visa makes up approximately 2.7% of YHB Investment Advisors Inc.’s investment portfolio, making the stock its 6th biggest position. YHB Investment Advisors Inc.’s holdings in Visa were worth $18,793,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in V. CBIZ Investment Advisory Services LLC purchased a new position in Visa in the 1st quarter worth approximately $25,000. Stephenson National Bank & Trust bought a new position in shares of Visa in the fourth quarter worth approximately $28,000. AlphaMark Advisors LLC increased its stake in shares of Visa by 57.8% in the first quarter. AlphaMark Advisors LLC now owns 172 shares of the credit-card processor’s stock worth $28,000 after buying an additional 63 shares during the period. Laffer Investments bought a new stake in Visa during the 4th quarter valued at $31,000. Finally, Cedar Mountain Advisors LLC raised its holdings in Visa by 102.6% during the 2nd quarter. Cedar Mountain Advisors LLC now owns 158 shares of the credit-card processor’s stock valued at $31,000 after buying an additional 80 shares during the last quarter. 81.41% of the stock is currently owned by institutional investors.
V has been the topic of a number of analyst reports. Robert W. Baird boosted their price objective on shares of Visa from $166.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. Nomura Securities lowered their price target on Visa from $233.00 to $214.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Wedbush increased their price objective on Visa from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. BMO Capital Markets reduced their target price on Visa from $234.00 to $213.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Finally, Guggenheim lowered Visa from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 22nd. Six analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $207.48.
In other news, President Ryan Mcinerney sold 26,150 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $191.87, for a total transaction of $5,017,400.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $181.78, for a total transaction of $1,272,460.00. Following the transaction, the chief executive officer now directly owns 139,090 shares of the company’s stock, valued at $25,283,780.20. The disclosure for this sale can be found here. Insiders have sold 50,429 shares of company stock worth $9,654,214 over the last ninety days. 0.19% of the stock is currently owned by insiders.
Shares of NYSE V opened at $198.47 on Tuesday. The company has a market cap of $379.16 billion, a PE ratio of 35.76, a P/E/G ratio of 3.09 and a beta of 0.92. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.25. The firm’s 50 day moving average price is $194.27 and its 200-day moving average price is $186.79. Visa Inc has a 52-week low of $133.93 and a 52-week high of $214.17.
Visa (NYSE:V) last released its quarterly earnings data on Thursday, April 30th. The credit-card processor reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.04. The business had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.75 billion. Visa had a return on equity of 43.45% and a net margin of 52.26%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.31 EPS. On average, analysts forecast that Visa Inc will post 5 earnings per share for the current fiscal year.
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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