Clarus Wealth Advisors increased its stake in shares of Visa Inc (NYSE:V) by 169.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,522 shares of the credit-card processor’s stock after buying an additional 3,470 shares during the quarter. Visa accounts for about 0.7% of Clarus Wealth Advisors’ investment portfolio, making the stock its 26th largest position. Clarus Wealth Advisors’ holdings in Visa were worth $950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of V. Northside Capital Management LLC increased its holdings in Visa by 27.4% during the 3rd quarter. Northside Capital Management LLC now owns 16,250 shares of the credit-card processor’s stock valued at $2,795,000 after purchasing an additional 3,490 shares in the last quarter. Domani Wealth LLC increased its holdings in Visa by 6.8% during the 3rd quarter. Domani Wealth LLC now owns 2,799 shares of the credit-card processor’s stock valued at $481,000 after purchasing an additional 177 shares in the last quarter. First National Bank Sioux Falls increased its holdings in Visa by 1.9% during the 3rd quarter. First National Bank Sioux Falls now owns 4,010 shares of the credit-card processor’s stock valued at $690,000 after purchasing an additional 76 shares in the last quarter. Rockland Trust Co. increased its holdings in Visa by 121.6% during the 3rd quarter. Rockland Trust Co. now owns 6,958 shares of the credit-card processor’s stock valued at $1,203,000 after purchasing an additional 3,818 shares in the last quarter. Finally, HBW Advisory Services LLC acquired a new stake in Visa during the 3rd quarter valued at $2,842,000. Institutional investors and hedge funds own 80.99% of the company’s stock.
In other Visa news, Director Lloyd Carney sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $182.73, for a total transaction of $639,555.00. Following the transaction, the director now owns 3,452 shares of the company’s stock, valued at $630,783.96. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Vasant M. Prabhu sold 25,051 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.14, for a total value of $4,537,738.14. Following the transaction, the insider now directly owns 62,223 shares in the company, valued at approximately $11,271,074.22. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.
Shares of Visa stock traded up $2.05 during trading on Friday, reaching $176.93. The stock had a trading volume of 5,367,141 shares, compared to its average volume of 8,476,525. The company has a market capitalization of $353.87 billion, a price-to-earnings ratio of 38.38, a P/E/G ratio of 1.77 and a beta of 0.96. The stock has a fifty day moving average price of $177.10 and a two-hundred day moving average price of $170.53. Visa Inc has a 52 week low of $121.60 and a 52 week high of $187.05. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.57.
Visa (NYSE:V) last released its earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.04. The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. Visa had a return on equity of 41.04% and a net margin of 53.43%. Visa’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.20 earnings per share. On average, equities analysts forecast that Visa Inc will post 5.41 EPS for the current fiscal year.
Several equities research analysts have recently commented on the company. Bank of America lifted their target price on Visa from $177.00 to $192.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Wells Fargo & Co raised their price target on Visa from $181.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. Credit Suisse Group raised their price target on Visa from $200.00 to $203.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Jefferies Financial Group raised their price target on Visa from $190.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, Barclays raised their price target on Visa from $181.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $196.57.
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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