Nisa Investment Advisors LLC Sells 615 Shares of Visa Inc. $V

Nisa Investment Advisors LLC trimmed its position in Visa Inc. (NYSE:V) by 0.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 508,846 shares of the credit-card processor’s stock after selling 615 shares during the period. Visa comprises approximately 0.8% of Nisa Investment Advisors LLC’s holdings, making the stock its 14th largest holding. Nisa Investment Advisors LLC’s holdings in Visa were worth $180,666,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in V. Resonant Capital Advisors LLC raised its holdings in Visa by 8.4% during the 2nd quarter. Resonant Capital Advisors LLC now owns 22,045 shares of the credit-card processor’s stock worth $7,827,000 after purchasing an additional 1,716 shares during the last quarter. Wealthfront Advisers LLC boosted its stake in Visa by 5.3% in the second quarter. Wealthfront Advisers LLC now owns 193,822 shares of the credit-card processor’s stock valued at $68,817,000 after acquiring an additional 9,740 shares during the last quarter. New Hampshire Trust grew its holdings in Visa by 3.3% during the 2nd quarter. New Hampshire Trust now owns 14,376 shares of the credit-card processor’s stock worth $5,104,000 after acquiring an additional 457 shares during the period. Prudent Man Advisors LLC lifted its stake in shares of Visa by 32.4% in the 2nd quarter. Prudent Man Advisors LLC now owns 5,561 shares of the credit-card processor’s stock valued at $1,974,000 after purchasing an additional 1,360 shares during the period. Finally, Ballast Advisors LLC boosted its position in shares of Visa by 2.2% in the 2nd quarter. Ballast Advisors LLC now owns 8,544 shares of the credit-card processor’s stock worth $3,034,000 after purchasing an additional 180 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on V. Truist Financial lowered their target price on shares of Visa from $400.00 to $397.00 and set a “buy” rating for the company in a research note on Thursday, July 17th. Wells Fargo & Company upgraded Visa to a “strong-buy” rating in a report on Wednesday, October 22nd. Barclays reissued an “overweight” rating and set a $408.00 target price (up from $396.00) on shares of Visa in a research note on Thursday, July 31st. UBS Group restated a “buy” rating and set a $415.00 price objective (up from $405.00) on shares of Visa in a report on Wednesday, July 30th. Finally, Macquarie lifted their price target on Visa from $380.00 to $425.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Four research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $392.75.

Visa Stock Performance

Shares of V stock opened at $347.51 on Wednesday. The stock has a market cap of $636.92 billion, a P/E ratio of 33.94, a P/E/G ratio of 2.06 and a beta of 0.90. The company has a fifty day moving average price of $344.99 and a two-hundred day moving average price of $348.25. Visa Inc. has a one year low of $281.35 and a one year high of $375.51. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12.

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

Insider Activity

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $344.02, for a total value of $697,328.54. Following the transaction, the general counsel directly owned 11,925 shares of the company’s stock, valued at $4,102,438.50. This represents a 14.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $183,815.10. This trade represents a 95.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.13% of the company’s stock.

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.