Visa Inc. (NYSE:V) Shares Purchased by Stablepoint Partners LLC

Stablepoint Partners LLC raised its holdings in Visa Inc. (NYSE:V) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,256 shares of the credit-card processor’s stock after purchasing an additional 68 shares during the quarter. Stablepoint Partners LLC’s holdings in Visa were worth $2,293,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling at Visa

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

Analysts Set New Price Targets

A number of analysts recently weighed in on V shares. Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Bank of America boosted their target price on shares of Visa from $314.00 to $331.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Jefferies Financial Group increased their price target on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Barclays upped their target price on shares of Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Finally, Robert W. Baird lifted their price target on shares of Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $335.52.

Visa Trading Up 0.1 %

Shares of Visa stock opened at $334.80 on Wednesday. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $337.83. The business’s fifty day moving average is $315.39 and its two-hundred day moving average is $291.29. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The firm has a market cap of $623.69 billion, a PE ratio of 34.41, a P/E/G ratio of 2.17 and a beta of 0.96.

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

About Visa

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.