Visa Inc. $V Shares Bought by Rational Advisors Inc.

Rational Advisors Inc. raised its holdings in Visa Inc. (NYSE:V) by 309.6% in the second quarter, Holdings Channel.com reports. The fund owned 8,508 shares of the credit-card processor’s stock after buying an additional 6,431 shares during the quarter. Rational Advisors Inc.’s holdings in Visa were worth $3,021,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC increased its position in shares of Visa by 50.1% in the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock valued at $6,522,000 after buying an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Visa by 68.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock valued at $3,733,000 after buying an additional 4,817 shares in the last quarter. Highland Capital Management LLC increased its position in shares of Visa by 16.0% in the first quarter. Highland Capital Management LLC now owns 68,987 shares of the credit-card processor’s stock valued at $24,177,000 after buying an additional 9,505 shares in the last quarter. Bordeaux Wealth Advisors LLC increased its position in shares of Visa by 13.5% in the first quarter. Bordeaux Wealth Advisors LLC now owns 15,416 shares of the credit-card processor’s stock valued at $5,403,000 after buying an additional 1,830 shares in the last quarter. Finally, Confluence Wealth Services Inc. increased its position in shares of Visa by 6.0% in the first quarter. Confluence Wealth Services Inc. now owns 20,750 shares of the credit-card processor’s stock valued at $6,938,000 after buying an additional 1,175 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of the company’s stock in a transaction on 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 sale, the general counsel directly owned 11,925 shares of the company’s stock, valued at $4,102,438.50. This represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total value of $3,589,015.50. Following the sale, the chief executive officer directly owned 537 shares of the company’s stock, valued at approximately $183,815.10. This represents a 95.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on V. Citigroup upgraded Visa to a “strong-buy” rating in a research report on Thursday, October 23rd. Barclays reiterated an “overweight” rating and set a $408.00 price objective (up previously from $396.00) on shares of Visa in a research report on Thursday, July 31st. KeyCorp reiterated an “overweight” rating and set a $405.00 price objective on shares of Visa in a research report on Wednesday, October 22nd. Robert W. Baird set a $410.00 price target on Visa and gave the company an “outperform” rating in a report on Monday, October 6th. Finally, Raymond James Financial restated an “outperform” rating on shares of Visa in a report on Wednesday, July 30th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $392.75.

Visa Trading Up 0.1%

Shares of Visa stock opened at $347.71 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. The firm has a market cap of $637.28 billion, a price-to-earnings ratio of 33.96, a price-to-earnings-growth ratio of 2.05 and a beta of 0.90. The business has a fifty day simple moving average of $344.89 and a 200-day simple moving average of $348.09. Visa Inc. has a fifty-two week low of $281.35 and a fifty-two week high of $375.51.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.13. Visa had a return on equity of 58.93% and a net margin of 52.16%.The business had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.82 billion. During the same quarter in the prior year, the firm posted $2.42 earnings per share. The company’s revenue was up 14.3% on a year-over-year basis. On average, equities analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

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.