Parkwood LLC Has $10.46 Million Stake in Visa Inc (V)

Parkwood LLC increased its holdings in Visa Inc (NYSE:V) by 272.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 99,431 shares of the credit-card processor’s stock after buying an additional 72,726 shares during the period. Visa makes up 1.6% of Parkwood LLC’s holdings, making the stock its 8th largest holding. Parkwood LLC’s holdings in Visa were worth $10,464,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in V. Krilogy Financial LLC raised its position in Visa by 0.3% during the second quarter. Krilogy Financial LLC now owns 2,572 shares of the credit-card processor’s stock valued at $241,000 after purchasing an additional 7 shares in the last quarter. Capital Investment Advisory Services LLC raised its position in Visa by 0.4% during the second quarter. Capital Investment Advisory Services LLC now owns 4,747 shares of the credit-card processor’s stock valued at $445,000 after purchasing an additional 20 shares in the last quarter. Baker Ellis Asset Management LLC raised its position in Visa by 0.3% during the second quarter. Baker Ellis Asset Management LLC now owns 6,262 shares of the credit-card processor’s stock valued at $587,000 after purchasing an additional 20 shares in the last quarter. Lakeview Capital Partners LLC raised its position in Visa by 0.8% during the second quarter. Lakeview Capital Partners LLC now owns 4,283 shares of the credit-card processor’s stock valued at $402,000 after purchasing an additional 34 shares in the last quarter. Finally, Raab & Moskowitz Asset Management LLC raised its position in Visa by 0.5% during the second quarter. Raab & Moskowitz Asset Management LLC now owns 7,428 shares of the credit-card processor’s stock valued at $739,000 after purchasing an additional 38 shares in the last quarter. Institutional investors own 81.50% of the company’s stock.

Shares of Visa Inc (NYSE:V) opened at $119.84 on Friday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.61. Visa Inc has a one year low of $80.51 and a one year high of $120.48. The firm has a market cap of $271,580.00, a price-to-earnings ratio of 42.80, a P/E/G ratio of 1.73 and a beta of 0.99.

Visa (NYSE:V) last issued its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.05. The company had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.63 billion. Visa had a net margin of 36.49% and a return on equity of 31.80%. Visa’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 earnings per share. analysts forecast that Visa Inc will post 4.07 EPS for the current year.

Several brokerages have recently issued reports on V. Cantor Fitzgerald reiterated a “buy” rating and set a $120.00 price target on shares of Visa in a report on Wednesday, October 25th. Susquehanna Bancshares upped their price target on shares of Visa from $126.00 to $148.00 in a report on Thursday, December 28th. Zacks Investment Research downgraded shares of Visa from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Jefferies Group upped their price target on shares of Visa from $125.00 to $127.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, Wells Fargo & Co upgraded shares of Visa from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $107.01 to $120.00 in a report on Tuesday, October 10th. Four research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. Visa has a consensus rating of “Buy” and a consensus target price of $120.94.

In other Visa news, SVP James H. Hoffmeister sold 2,146 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $112.09, for a total transaction of $240,545.14. Following the sale, the senior vice president now owns 687 shares of the company’s stock, valued at $77,005.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert W. Matschullat sold 6,220 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $113.76, for a total transaction of $707,587.20. Following the sale, the director now directly owns 57,368 shares in the company, valued at approximately $6,526,183.68. The disclosure for this sale can be found here. Insiders have sold 58,068 shares of company stock worth $6,597,262 in the last ninety days. Insiders own 0.14% of the company’s stock.

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About Visa

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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