Clarendon Private LLC Makes New Investment in Visa Inc. (NYSE:V)

Clarendon Private LLC purchased a new position in Visa Inc. (NYSE:V) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,201 shares of the credit-card processor’s stock, valued at approximately $696,000.

A number of other large investors have also modified their holdings of the stock. Quarry LP lifted its stake in Visa by 310.5% in the second quarter. Quarry LP now owns 468 shares of the credit-card processor’s stock worth $123,000 after acquiring an additional 354 shares during the last quarter. Regal Investment Advisors LLC raised its holdings in shares of Visa by 3.0% in the 2nd quarter. Regal Investment Advisors LLC now owns 8,583 shares of the credit-card processor’s stock valued at $2,253,000 after purchasing an additional 249 shares in the last quarter. Pathway Financial Advisers LLC lifted its position in shares of Visa by 3.9% during the 2nd quarter. Pathway Financial Advisers LLC now owns 3,996 shares of the credit-card processor’s stock worth $1,039,000 after purchasing an additional 149 shares during the last quarter. Regency Capital Management Inc. DE grew its stake in shares of Visa by 12.2% during the second quarter. Regency Capital Management Inc. DE now owns 7,788 shares of the credit-card processor’s stock worth $2,044,000 after purchasing an additional 846 shares in the last quarter. Finally, IMS Capital Management increased its holdings in Visa by 1.6% in the second quarter. IMS Capital Management now owns 10,869 shares of the credit-card processor’s stock valued at $2,913,000 after buying an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Trading Up 0.1 %

NYSE V opened at $334.80 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $623.69 billion, a P/E ratio of 34.41, a P/E/G ratio of 2.17 and a beta of 0.96. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $337.83. The firm has a 50-day moving average price of $315.39 and a 200 day moving average price of $291.29.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same period last year, the firm earned $2.33 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities research analysts expect that Visa Inc. will post 11.19 EPS for the current year.

Analyst Ratings Changes

V has been the subject of a number of recent analyst reports. Morgan Stanley lifted their price target on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. TD Cowen upped their price target on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Jefferies Financial Group increased their price target on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Bank of America boosted their price objective on shares of Visa from $314.00 to $331.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Royal Bank of Canada increased their target price on shares of Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $335.52.

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

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.