Focus Partners Advisor Solutions LLC Has $12.05 Million Stock Position in Visa Inc. $V

Focus Partners Advisor Solutions LLC reduced its stake in shares of Visa Inc. (NYSE:V) by 6.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 33,967 shares of the credit-card processor’s stock after selling 2,388 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Visa were worth $12,054,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Keystone Global Partners LLC acquired a new stake in shares of Visa during the 1st quarter worth $26,000. Family Legacy Financial Solutions LLC acquired a new stake in Visa in the second quarter valued at about $28,000. von Borstel & Associates Inc. acquired a new stake in Visa in the first quarter valued at about $27,000. Harbor Asset Planning Inc. acquired a new stake in Visa in the second quarter valued at about $29,000. Finally, Cranbrook Wealth Management LLC boosted its stake in Visa by 82.0% in the second quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock valued at $32,000 after buying an additional 41 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the transaction, the general counsel directly owned 11,925 shares in the company, valued at $4,102,438.50. This trade represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total value of $3,589,015.50. Following the transaction, the chief executive officer owned 537 shares of the company’s stock, valued at $183,815.10. This trade represents a 95.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Visa Price Performance

Visa stock opened at $347.71 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $637.28 billion, a PE ratio of 33.96, a P/E/G ratio of 2.05 and a beta of 0.90. Visa Inc. has a 12 month low of $281.35 and a 12 month high of $375.51. The stock has a 50-day moving average price of $344.89 and a two-hundred day moving average price of $348.09.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.13. Visa had a return on equity of 58.93% and a net margin of 52.16%.The company had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.82 billion. During the same period last year, the company earned $2.42 earnings per share. The firm’s revenue was up 14.3% compared to the same quarter last year. Analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on V. Robert W. Baird set a $410.00 price objective on Visa and gave the company an “outperform” rating in a research note on Monday, October 6th. KeyCorp reaffirmed an “overweight” rating and issued a $405.00 price objective on shares of Visa in a research note on Wednesday, October 22nd. Wells Fargo & Company raised Visa to a “strong-buy” rating in a research note on Wednesday, October 22nd. Truist Financial reduced their price objective on Visa from $400.00 to $397.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. Finally, Citigroup raised Visa to a “strong-buy” rating in a research note on Thursday, October 23rd. Four analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $392.75.

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.