Visa Inc. (NYSE:V) Stock Position Raised by Segment Wealth Management LLC

Segment Wealth Management LLC raised its position in shares of Visa Inc. (NYSE:V) by 1.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 65,308 shares of the credit-card processor’s stock after acquiring an additional 1,129 shares during the period. Visa accounts for 1.2% of Segment Wealth Management LLC’s investment portfolio, making the stock its 20th biggest position. Segment Wealth Management LLC’s holdings in Visa were worth $17,957,000 at the end of the most recent quarter.

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

Visa Trading Down 0.4 %

Visa stock opened at $283.76 on Thursday. Visa Inc. has a 12 month low of $228.03 and a 12 month high of $293.07. The stock has a market cap of $518.98 billion, a price-to-earnings ratio of 31.71, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. The business 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 quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last issued its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, hitting the consensus estimate of $2.42. The firm had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. Visa’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the business earned $2.16 earnings per share. As a group, equities analysts forecast that Visa Inc. will post 9.92 EPS for the current year.

Wall Street Analyst Weigh In

V has been the topic of several research analyst reports. BMO Capital Markets boosted their price target on shares of Visa from $300.00 to $310.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Robert W. Baird lifted their price target on Visa from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. BNP Paribas upgraded Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price objective on the stock in a report on Tuesday, September 3rd. Oppenheimer started coverage on shares of Visa in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $318.00 target price for the company. Finally, Bank of America boosted their target price on shares of Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Four research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $314.19.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $148,687.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.19% of the company’s stock.

Visa 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.