Fishman Jay A Ltd. MI boosted its holdings in shares of Visa Inc (NYSE:V) by 0.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 107,860 shares of the credit-card processor’s stock after purchasing an additional 460 shares during the quarter. Visa makes up approximately 3.5% of Fishman Jay A Ltd. MI’s portfolio, making the stock its 13th biggest holding. Fishman Jay A Ltd. MI’s holdings in Visa were worth $18,553,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of V. Bath Savings Trust Co grew its position in shares of Visa by 14.5% in the 2nd quarter. Bath Savings Trust Co now owns 10,224 shares of the credit-card processor’s stock worth $1,774,000 after acquiring an additional 1,296 shares in the last quarter. Cox Capital Mgt LLC boosted its position in Visa by 2.0% during the 2nd quarter. Cox Capital Mgt LLC now owns 15,784 shares of the credit-card processor’s stock valued at $2,739,000 after purchasing an additional 315 shares during the period. Thomasville National Bank boosted its position in Visa by 1.0% during the 2nd quarter. Thomasville National Bank now owns 98,183 shares of the credit-card processor’s stock valued at $17,039,000 after purchasing an additional 932 shares during the period. Park National Corp OH boosted its position in Visa by 8.3% during the 2nd quarter. Park National Corp OH now owns 115,812 shares of the credit-card processor’s stock valued at $20,099,000 after purchasing an additional 8,901 shares during the period. Finally, Winfield Associates Inc. boosted its position in Visa by 0.7% during the 2nd quarter. Winfield Associates Inc. now owns 32,439 shares of the credit-card processor’s stock valued at $5,630,000 after purchasing an additional 230 shares during the period. Institutional investors own 80.98% of the company’s stock.
In other news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $177.79, for a total value of $1,244,530.00. Following the sale, the chief executive officer now owns 55,446 shares of the company’s stock, valued at approximately $9,857,744.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vasant M. Prabhu sold 25,051 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.14, for a total value of $4,537,738.14. Following the completion of the sale, the insider now directly owns 62,223 shares in the company, valued at approximately $11,271,074.22. The disclosure for this sale can be found here. Insiders have sold a total of 53,215 shares of company stock valued at $9,564,487 in the last quarter. 0.17% of the stock is currently owned by insiders.
V stock traded up $0.54 during trading on Friday, reaching $178.97. 3,777,681 shares of the company’s stock were exchanged, compared to its average volume of 7,614,820. The company has a quick ratio of 1.69, a current ratio of 1.56 and a debt-to-equity ratio of 0.57. Visa Inc has a 1-year low of $121.60 and a 1-year high of $187.05. The company’s fifty day moving average price is $176.22 and its 200-day moving average price is $173.43. The firm has a market cap of $349.90 billion, a PE ratio of 32.90, a P/E/G ratio of 1.83 and a beta of 0.94.
Visa (NYSE:V) last announced its quarterly earnings results on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.04. Visa had a return on equity of 42.57% and a net margin of 52.57%. The company had revenue of $6.14 billion during the quarter, compared to analyst estimates of $6.08 billion. During the same quarter in the previous year, the firm posted $1.21 EPS. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. As a group, sell-side analysts expect that Visa Inc will post 6.21 earnings per share for the current fiscal year.
The firm also recently declared a dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, November 14th. Visa’s dividend payout ratio (DPR) is presently 18.38%.
V has been the subject of a number of analyst reports. Jefferies Financial Group set a $210.00 price objective on Visa and gave the company a “buy” rating in a research report on Friday, October 25th. UBS Group boosted their price objective on Visa from $183.00 to $187.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Morgan Stanley restated an “overweight” rating and set a $207.00 price objective on shares of Visa in a research report on Friday, October 25th. BMO Capital Markets boosted their price objective on Visa from $231.00 to $239.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Guggenheim set a $194.00 price objective on Visa and gave the company a “buy” rating in a research report on Friday, October 25th. Three analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $199.04.
Visa Company Profile
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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