Fiduciary Wealth Partners LLC Has $470,000 Stake in Visa Inc. $V

Fiduciary Wealth Partners LLC increased its stake in shares of Visa Inc. (NYSE:V) by 444.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,324 shares of the credit-card processor’s stock after acquiring an additional 1,081 shares during the period. Visa accounts for about 0.4% of Fiduciary Wealth Partners LLC’s holdings, making the stock its 28th largest position. Fiduciary Wealth Partners LLC’s holdings in Visa were worth $470,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Interchange Capital Partners LLC grew its holdings in Visa by 0.5% in the 2nd quarter. Interchange Capital Partners LLC now owns 6,413 shares of the credit-card processor’s stock valued at $2,276,000 after buying an additional 30 shares during the last quarter. Brighton Jones LLC grew its holdings in Visa by 8.3% in the 2nd quarter. Brighton Jones LLC now owns 22,876 shares of the credit-card processor’s stock valued at $8,122,000 after buying an additional 1,758 shares during the last quarter. Stegent Equity Advisors Inc. grew its holdings in Visa by 3.6% in the 2nd quarter. Stegent Equity Advisors Inc. now owns 1,263 shares of the credit-card processor’s stock valued at $448,000 after buying an additional 44 shares during the last quarter. MQS Management LLC acquired a new stake in Visa in the 2nd quarter valued at approximately $403,000. Finally, Linden Thomas Advisory Services LLC grew its holdings in Visa by 3.3% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 19,945 shares of the credit-card processor’s stock valued at $7,081,000 after buying an additional 644 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Price Performance

Visa stock opened at $347.51 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $636.92 billion, a PE ratio of 33.94, a price-to-earnings-growth ratio of 2.06 and a beta of 0.90. Visa Inc. has a one year low of $281.35 and a one year high of $375.51. The business has a 50 day simple moving average of $344.99 and a 200 day simple moving average of $348.25.

Visa (NYSE:V) last posted its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, topping the consensus estimate of $2.97 by $0.01. The business had revenue of $10.72 billion during the quarter, compared to the consensus estimate of $10.60 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.Visa’s revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the company earned $2.71 EPS. On average, sell-side analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on V. Citigroup raised Visa to a “strong-buy” rating in a report on Thursday, October 23rd. Raymond James Financial reaffirmed an “outperform” rating on shares of Visa in a report on Wednesday, July 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Visa in a report on Wednesday, October 8th. Truist Financial decreased their price objective on Visa from $400.00 to $397.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. Finally, Morgan Stanley lifted their price objective on Visa from $386.00 to $402.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $392.75.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total value of $3,589,015.50. Following the transaction, the chief executive officer owned 537 shares of the company’s stock, valued at approximately $183,815.10. The trade was a 95.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the business’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the transaction, the general counsel directly owned 11,925 shares in the company, valued at approximately $4,102,438.50. This represents a 14.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is currently owned by insiders.

Visa Company 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.