Visa Inc. (NYSE:V) is Running Oak Capital LLC’s 8th Largest Position

Running Oak Capital LLC grew its holdings in shares of Visa Inc. (NYSE:V) by 5.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,546 shares of the credit-card processor’s stock after purchasing an additional 2,614 shares during the quarter. Visa comprises approximately 2.0% of Running Oak Capital LLC’s portfolio, making the stock its 8th biggest holding. Running Oak Capital LLC’s holdings in Visa were worth $15,026,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Peterson Financial Group Inc. purchased a new position in Visa during the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. bought a new stake in Visa during the fourth quarter valued at $26,000. Reston Wealth Management LLC bought a new position in Visa in the 3rd quarter worth about $31,000. Modus Advisors LLC purchased a new stake in shares of Visa in the 4th quarter valued at about $32,000. Finally, West Financial Advisors LLC lifted its position in Visa by 101.4% during the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after purchasing an additional 73 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Trading Up 1.2 %

Shares of V opened at $334.16 on Tuesday. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $335.49. The firm has a market capitalization of $622.49 billion, a price-to-earnings ratio of 34.34, a PEG ratio of 2.17 and a beta of 0.96. The firm’s 50-day moving average price is $314.95 and its 200-day moving average price is $290.79. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last posted its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. The firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.33 EPS. Sell-side analysts anticipate that Visa Inc. will post 11.19 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Macquarie upped their target price on shares of Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Bank of America increased their price objective on Visa from $314.00 to $331.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Wells Fargo & Company boosted their target price on Visa from $325.00 to $360.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, Morgan Stanley boosted their price objective on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $335.52.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Visa Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.