Quantinno Capital Management LP Has $269.02 Million Holdings in Visa Inc. $V

Quantinno Capital Management LP boosted its stake in Visa Inc. (NYSE:V) by 24.2% in the first quarter, HoldingsChannel reports. The firm owned 890,097 shares of the credit-card processor’s stock after acquiring an additional 173,574 shares during the period. Visa accounts for about 0.4% of Quantinno Capital Management LP’s holdings, making the stock its 22nd biggest position. Quantinno Capital Management LP’s holdings in Visa were worth $269,023,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Planned Solutions Inc. grew its position in shares of Visa by 2.0% during the 4th quarter. Planned Solutions Inc. now owns 1,598 shares of the credit-card processor’s stock worth $560,000 after buying an additional 31 shares during the period. Frederick Financial Consultants LLC raised its position in shares of Visa by 2.0% in the 4th quarter. Frederick Financial Consultants LLC now owns 1,598 shares of the credit-card processor’s stock valued at $560,000 after acquiring an additional 31 shares during the period. Kuhn & Co Investment Counsel raised its position in shares of Visa by 0.5% in the 4th quarter. Kuhn & Co Investment Counsel now owns 6,096 shares of the credit-card processor’s stock valued at $2,138,000 after acquiring an additional 32 shares during the period. Strategic Investment Solutions Inc. IL raised its position in shares of Visa by 20.9% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 185 shares of the credit-card processor’s stock valued at $65,000 after acquiring an additional 32 shares during the period. Finally, Spectrum Planning & Advisory Services Inc. boosted its stake in Visa by 1.7% during the 1st quarter. Spectrum Planning & Advisory Services Inc. now owns 1,896 shares of the credit-card processor’s stock worth $573,000 after acquiring an additional 32 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on V shares. Clear Str upgraded shares of Visa to a “strong-buy” rating in a report on Thursday, July 16th. Barclays started coverage on shares of Visa in a report on Tuesday, July 7th. They issued an “overweight” rating and a $420.00 target price on the stock. Weiss Ratings raised shares of Visa from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 6th. Oppenheimer reissued an “outperform” rating and issued a $403.00 price target (up from $391.00) on shares of Visa in a report on Wednesday, April 29th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $387.00 price objective (up from $375.00) on shares of Visa in a research report on Wednesday, July 15th. Eight research analysts have rated the stock with a Strong Buy rating and nineteen have assigned a Buy rating to the stock. According to data from MarketBeat.com, Visa has a consensus rating of “Buy” and a consensus price target of $399.41.

Visa Trading Up 1.9%

NYSE:V opened at $362.37 on Tuesday. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $365.14. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $650.01 billion, a PE ratio of 31.57, a price-to-earnings-growth ratio of 1.89 and a beta of 0.75. The business’s 50-day simple moving average is $338.16 and its 200-day simple moving average is $325.18.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.21. Visa had a return on equity of 65.00% and a net margin of 51.68%.The business had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.75 billion. During the same period in the prior year, the business earned $2.76 EPS. Visa’s revenue for the quarter was up 17.1% compared to the same quarter last year. Sell-side analysts expect that Visa Inc. will post 13.12 earnings per share for the current fiscal year.

Visa declared that its Board of Directors has authorized a share buyback program on Tuesday, April 28th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the credit-card processor to purchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Visa

In other news, CFO Chris Suh sold 10,639 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total value of $3,455,653.59. Following the completion of the transaction, the chief financial officer owned 9,872 shares in the company, valued at $3,206,524.32. This represents a 51.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 31,455 shares of the stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total transaction of $10,699,103.70. Following the sale, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at $5,161,284.36. This represents a 67.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 75,581 shares of company stock valued at $25,627,975. 0.12% of the stock is currently owned by corporate insiders.

Visa Company Profile

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.