Paragon Private Wealth Management LLC Buys 2,133 Shares of Visa Inc. $V

Paragon Private Wealth Management LLC boosted its stake in shares of Visa Inc. (NYSE:VFree Report) by 25.8% during the third quarter, Holdings Channel.com reports. The fund owned 10,406 shares of the credit-card processor’s stock after acquiring an additional 2,133 shares during the period. Visa comprises 1.2% of Paragon Private Wealth Management LLC’s investment portfolio, making the stock its 15th largest position. Paragon Private Wealth Management LLC’s holdings in Visa were worth $3,553,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in V. Harbor Asset Planning Inc. bought a new stake in Visa during the second quarter worth about $29,000. Sagard Holdings Management Inc. bought a new position in Visa in the 2nd quarter valued at about $31,000. Bare Financial Services Inc raised its position in shares of Visa by 287.0% in the 2nd quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock valued at $32,000 after buying an additional 66 shares in the last quarter. Hoese & Co LLP bought a new stake in shares of Visa during the 2nd quarter worth approximately $36,000. Finally, Quaker Wealth Management LLC boosted its position in shares of Visa by 202.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 114 shares of the credit-card processor’s stock worth $40,000 after acquiring an additional 225 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on V shares. Redburn Partners set a $385.00 price objective on shares of Visa in a research report on Wednesday. Cantor Fitzgerald raised Visa to a “strong-buy” rating in a report on Tuesday. Wells Fargo & Company upgraded Visa to a “strong-buy” rating in a research report on Wednesday, October 22nd. Bank of America upgraded Visa from a “neutral” rating to a “buy” rating and set a $382.00 target price on the stock in a research report on Thursday, December 11th. Finally, UBS Group reissued a “buy” rating on shares of Visa in a report on Tuesday, January 13th. Five analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $400.19.

Check Out Our Latest Analysis on Visa

Key Visa News

Here are the key news stories impacting Visa this week:

Visa Price Performance

Visa stock opened at $325.10 on Wednesday. The stock has a 50-day moving average price of $338.64 and a two-hundred day moving average price of $341.96. Visa Inc. has a 12 month low of $299.00 and a 12 month high of $375.51. The company has a market capitalization of $592.25 billion, a PE ratio of 31.84, a P/E/G ratio of 1.93 and a beta of 0.81. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53.

Visa (NYSE:VGet Free Report) last released its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.01. Visa had a return on equity of 60.31% and a net margin of 50.15%.The company had revenue of $10.72 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the prior year, the firm posted $2.71 earnings per share. The firm’s revenue was up 11.5% compared to the same quarter last year. Analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 2,172 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $325.93, for a total value of $707,919.96. Following the completion of the transaction, the insider directly owned 26,413 shares in the company, valued at approximately $8,608,789.09. This represents a 7.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $341.00, for a total transaction of $3,575,385.00. Following the transaction, the chief executive officer owned 537 shares in the company, valued at approximately $183,117. This trade represents a 95.13% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 24,042 shares of company stock worth $8,247,289. 0.12% of the stock is currently owned by company insiders.

Visa Profile

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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