3,374 Shares in Visa Inc. (NYSE:V) Bought by Nicholson Wealth Management Group LLC

Nicholson Wealth Management Group LLC purchased a new position in Visa Inc. (NYSE:V) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,374 shares of the credit-card processor’s stock, valued at approximately $928,000.

Other large investors also recently made changes to their positions in the company. Legacy Capital Group California Inc. lifted its stake in shares of Visa by 11.4% in the third quarter. Legacy Capital Group California Inc. now owns 1,431 shares of the credit-card processor’s stock worth $393,000 after buying an additional 146 shares during the last quarter. Spirit of America Management Corp NY raised its holdings in Visa by 1.3% in the 3rd quarter. Spirit of America Management Corp NY now owns 7,550 shares of the credit-card processor’s stock worth $2,076,000 after acquiring an additional 100 shares during the period. Eagle Ridge Investment Management lifted its position in Visa by 0.4% during the 3rd quarter. Eagle Ridge Investment Management now owns 74,625 shares of the credit-card processor’s stock worth $20,518,000 after acquiring an additional 310 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV boosted its holdings in Visa by 4.4% during the third quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 1,388 shares of the credit-card processor’s stock valued at $382,000 after acquiring an additional 59 shares during the period. Finally, Investment Research & Advisory Group Inc. grew its position in shares of Visa by 0.3% in the third quarter. Investment Research & Advisory Group Inc. now owns 19,644 shares of the credit-card processor’s stock valued at $5,401,000 after purchasing an additional 51 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at $148,687.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on V shares. William Blair upgraded Visa to a “strong-buy” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada lowered their price objective on shares of Visa from $315.00 to $311.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. BMO Capital Markets upped their target price on shares of Visa from $300.00 to $310.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Morgan Stanley restated an “overweight” rating and issued a $322.00 price target on shares of Visa in a research report on Wednesday, September 25th. Finally, BNP Paribas upgraded shares of Visa from a “neutral” rating to an “outperform” rating and set a $325.00 target price for the company in a research note on Tuesday, September 3rd. Four equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $314.19.

Visa Stock Down 0.5 %

Shares of NYSE V opened at $281.73 on Friday. Visa Inc. has a 12-month low of $228.03 and a 12-month high of $293.07. The firm’s 50-day simple moving average is $278.73 and its 200 day simple moving average is $273.17. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. The company has a market cap of $515.27 billion, a price-to-earnings ratio of 31.48, a price-to-earnings-growth ratio of 1.96 and a beta of 0.96.

Visa (NYSE:V) last announced its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.42. The company had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. Visa’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.16 earnings per share. On average, research analysts expect that Visa Inc. will post 9.92 earnings per share for the current fiscal 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.