Randolph Co Inc Trims Position in Visa Inc (V)

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Randolph Co Inc lowered its stake in shares of Visa Inc (NYSE:V) by 0.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 181,453 shares of the credit-card processor’s stock after selling 100 shares during the period. Visa comprises approximately 6.6% of Randolph Co Inc’s investment portfolio, making the stock its 4th biggest holding. Randolph Co Inc’s holdings in Visa were worth $23,941,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of V. Matthew Goff Investment Advisor LLC grew its position in Visa by 13,144.9% during the third quarter. Matthew Goff Investment Advisor LLC now owns 7,929,067 shares of the credit-card processor’s stock valued at $59,865,000 after buying an additional 7,869,202 shares during the period. Capital Research Global Investors boosted its position in Visa by 3,913.7% during the third quarter. Capital Research Global Investors now owns 4,507,351 shares of the credit-card processor’s stock worth $676,508,000 after purchasing an additional 4,395,051 shares during the period. Capital International Investors boosted its position in Visa by 13.2% during the third quarter. Capital International Investors now owns 13,149,230 shares of the credit-card processor’s stock worth $1,973,568,000 after purchasing an additional 1,533,870 shares during the period. Rehmann Capital Advisory Group boosted its position in Visa by 15,021.0% during the third quarter. Rehmann Capital Advisory Group now owns 1,512,556 shares of the credit-card processor’s stock worth $10,077,000 after purchasing an additional 1,502,553 shares during the period. Finally, FMR LLC boosted its position in Visa by 1.7% during the third quarter. FMR LLC now owns 86,917,222 shares of the credit-card processor’s stock worth $13,045,406,000 after purchasing an additional 1,450,809 shares during the period. Institutional investors own 80.94% of the company’s stock.

A number of equities analysts have weighed in on V shares. Piper Jaffray Companies reiterated an “overweight” rating and set a $178.00 target price on shares of Visa in a research report on Friday, December 21st. Jefferies Financial Group started coverage on shares of Visa in a research report on Monday, January 28th. They set a “buy” rating and a $135.99 target price for the company. Cantor Fitzgerald reiterated a “buy” rating and set a $160.00 target price on shares of Visa in a research report on Thursday, January 31st. Raymond James reiterated an “outperform” rating and set a $152.00 target price (down previously from $167.00) on shares of Visa in a research report on Thursday, January 31st. Finally, SunTrust Banks reiterated an “outperform” rating and set a $250.00 target price on shares of Visa in a research report on Friday, February 1st. One investment analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $168.80.

V stock opened at $160.23 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.50 and a quick ratio of 1.50. Visa Inc has a 12 month low of $119.37 and a 12 month high of $161.10. The company has a market capitalization of $322.06 billion, a PE ratio of 34.76, a PEG ratio of 1.83 and a beta of 1.00.

Visa (NYSE:V) last released its quarterly earnings data on Wednesday, January 30th. The credit-card processor reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.05. Visa had a net margin of 50.61% and a return on equity of 39.32%. The company had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.41 billion. During the same period last year, the business earned $1.08 earnings per share. Visa’s revenue was up 13.2% compared to the same quarter last year. Equities research analysts predict that Visa Inc will post 5.32 EPS for the current year.

In related news, EVP Tullier Kelly Mahon sold 91,046 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $156.29, for a total value of $14,229,579.34. Following the sale, the executive vice president now directly owns 120,602 shares of the company’s stock, valued at $18,848,886.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Ellen Richey sold 81,005 shares of the firm’s stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $139.99, for a total transaction of $11,339,889.95. The disclosure for this sale can be found here. Insiders sold 193,531 shares of company stock valued at $28,797,949 over the last 90 days. 0.17% of the stock is owned by company insiders.

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Visa 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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Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc (NYSE:V).

Institutional Ownership by Quarter for Visa (NYSE:V)

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