Mirador Capital Partners LP lifted its position in shares of Visa Inc (NYSE:V) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,320 shares of the credit-card processor’s stock after purchasing an additional 253 shares during the period. Visa comprises 1.2% of Mirador Capital Partners LP’s portfolio, making the stock its 25th largest position. Mirador Capital Partners LP’s holdings in Visa were worth $2,879,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of V. Selective Wealth Management Inc. acquired a new stake in Visa in the 3rd quarter valued at about $47,000. Investors Research Corp raised its stake in shares of Visa by 40.2% in the third quarter. Investors Research Corp now owns 279 shares of the credit-card processor’s stock valued at $48,000 after purchasing an additional 80 shares in the last quarter. NewSquare Capital LLC raised its stake in shares of Visa by 29.2% in the third quarter. NewSquare Capital LLC now owns 310 shares of the credit-card processor’s stock valued at $53,000 after purchasing an additional 70 shares in the last quarter. Price Capital Management Inc. acquired a new position in shares of Visa in the fourth quarter valued at $57,000. Finally, JJJ Advisors Inc. raised its stake in shares of Visa by 203.4% in the third quarter. JJJ Advisors Inc. now owns 358 shares of the credit-card processor’s stock valued at $62,000 after purchasing an additional 240 shares in the last quarter. 81.08% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:V traded up $2.03 during midday trading on Friday, reaching $202.98. The company’s stock had a trading volume of 340,972 shares, compared to its average volume of 7,776,800. Visa Inc has a fifty-two week low of $133.30 and a fifty-two week high of $201.50. The company has a market capitalization of $386.09 billion, a P/E ratio of 37.37, a P/E/G ratio of 2.04 and a beta of 0.93. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.56 and a quick ratio of 1.56. The business’s fifty day simple moving average is $187.66 and its 200-day simple moving average is $180.43.
Visa (NYSE:V) last announced its earnings results on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.04. Visa had a return on equity of 42.57% and a net margin of 52.57%. The company had revenue of $6.14 billion during the quarter, compared to analyst estimates of $6.08 billion. During the same period last year, the company posted $1.21 earnings per share. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, analysts forecast that Visa Inc will post 6.2 earnings per share for the current fiscal year.
In related news, EVP William M. Sheedy sold 21,164 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $178.71, for a total value of $3,782,218.44. Following the transaction, the executive vice president now owns 227,126 shares in the company, valued at $40,589,687.46. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP William M. Sheedy sold 13,206 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $181.78, for a total value of $2,400,586.68. Following the completion of the transaction, the executive vice president now owns 254,060 shares in the company, valued at approximately $46,183,026.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,480 shares of company stock valued at $10,606,182. 0.17% of the stock is currently owned by corporate insiders.
A number of brokerages recently commented on V. William Blair restated an “outperform” rating on shares of Visa in a research note on Tuesday. Nomura upped their target price on Visa from to and gave the company a “buy” rating in a research note on Monday. Jefferies Financial Group set a $210.00 target price on Visa and gave the company a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Co upped their target price on Visa from $200.00 to $213.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Finally, BMO Capital Markets cut their target price on Visa from $239.00 to $232.00 and set an “outperform” rating for the company in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Visa currently has an average rating of “Buy” and a consensus target price of $204.92.
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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