Financial Insights Inc. Has $1.02 Million Stock Position in Visa Inc. (NYSE:V)

Financial Insights Inc. lessened its holdings in Visa Inc. (NYSE:V) by 32.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,717 shares of the credit-card processor’s stock after selling 1,774 shares during the quarter. Financial Insights Inc.’s holdings in Visa were worth $1,022,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of V. Jessup Wealth Management Inc lifted its stake in Visa by 0.7% in the 1st quarter. Jessup Wealth Management Inc now owns 5,051 shares of the credit-card processor’s stock valued at $1,410,000 after purchasing an additional 37 shares during the last quarter. Cordatus Wealth Management LLC boosted its holdings in shares of Visa by 0.3% during the 1st quarter. Cordatus Wealth Management LLC now owns 10,793 shares of the credit-card processor’s stock valued at $3,012,000 after acquiring an additional 37 shares in the last quarter. KMG Fiduciary Partners LLC grew its position in Visa by 0.3% during the 3rd quarter. KMG Fiduciary Partners LLC now owns 13,933 shares of the credit-card processor’s stock worth $3,831,000 after acquiring an additional 37 shares during the last quarter. Tlwm increased its holdings in Visa by 0.7% in the 2nd quarter. Tlwm now owns 5,241 shares of the credit-card processor’s stock worth $1,376,000 after purchasing an additional 38 shares in the last quarter. Finally, Meridian Financial Partners LLC boosted its stake in shares of Visa by 0.5% during the second quarter. Meridian Financial Partners LLC now owns 8,160 shares of the credit-card processor’s stock valued at $2,196,000 after purchasing an additional 38 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $148,687.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on V shares. William Blair raised Visa to a “strong-buy” rating in a research note on Tuesday, July 23rd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $317.00 price target on shares of Visa in a research note on Thursday, September 12th. Robert W. Baird lifted their price target on shares of Visa from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Compass Point began coverage on Visa in a report on Wednesday, September 4th. They issued a “buy” rating and a $319.00 price objective for the company. Finally, Keefe, Bruyette & Woods raised Visa from a “moderate buy” rating to a “strong-buy” rating in a report on Tuesday, September 24th. Four research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $314.19.

Visa Trading Down 0.4 %

Shares of Visa stock opened at $283.76 on Thursday. The stock has a market capitalization of $518.98 billion, a PE ratio of 31.71, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. Visa Inc. has a 52 week low of $228.03 and a 52 week high of $293.07. The stock has a 50 day moving average price of $278.40 and a two-hundred day moving average price of $273.10. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The business had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.92 billion. During the same quarter last year, the firm posted $2.16 EPS. Visa’s revenue was up 9.6% compared to the same quarter last year. As a group, equities analysts anticipate 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.