Schneider Downs Wealth Management Advisors LP raised its stake in Visa Inc (NYSE:V) by 11.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,689 shares of the credit-card processor’s stock after buying an additional 180 shares during the quarter. Schneider Downs Wealth Management Advisors LP’s holdings in Visa were worth $338,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. Cedar Mountain Advisors LLC lifted its position in shares of Visa by 102.6% during the second quarter. Cedar Mountain Advisors LLC now owns 158 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 80 shares in the last quarter. Price Wealth LLC grew its position in Visa by 90.0% in the 2nd quarter. Price Wealth LLC now owns 190 shares of the credit-card processor’s stock worth $37,000 after purchasing an additional 90 shares in the last quarter. CVA Family Office LLC purchased a new stake in Visa in the 1st quarter valued at about $32,000. Centerpoint Advisors LLC bought a new position in shares of Visa during the 2nd quarter worth approximately $43,000. Finally, American Research & Management Co. boosted its stake in shares of Visa by 27.1% in the 2nd quarter. American Research & Management Co. now owns 267 shares of the credit-card processor’s stock worth $52,000 after buying an additional 57 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.
A number of brokerages recently commented on V. KeyCorp lifted their price target on Visa from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, September 21st. Bank of America raised their target price on Visa from $227.00 to $234.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Royal Bank of Canada reissued a “buy” rating and issued a $243.00 price target on shares of Visa in a report on Sunday, October 11th. Piper Sandler raised their price objective on shares of Visa from $200.00 to $206.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Finally, Goldman Sachs Group began coverage on shares of Visa in a research note on Tuesday, July 14th. They issued a “buy” rating and a $223.00 target price on the stock. Six analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $214.72.
In other news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of Visa stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $200.82, for a total transaction of $1,405,740.00. Following the completion of the sale, the chief executive officer now owns 124,090 shares in the company, valued at approximately $24,919,753.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lloyd Carney sold 1,550 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $192.64, for a total value of $298,592.00. Following the transaction, the director now directly owns 2,962 shares of the company’s stock, valued at approximately $570,599.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 118,122 shares of company stock worth $24,748,541. Insiders own 0.19% of the company’s stock.
Shares of Visa stock opened at $200.26 on Friday. The company’s 50-day moving average price is $203.88 and its 200-day moving average price is $191.62. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.59. Visa Inc has a 12-month low of $133.93 and a 12-month high of $217.35. The company has a market cap of $388.98 billion, a price-to-earnings ratio of 38.14, a PEG ratio of 3.05 and a beta of 0.90.
Visa (NYSE:V) last posted its earnings results on Tuesday, July 28th. The credit-card processor reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.05. Visa had a net margin of 51.37% and a return on equity of 40.65%. The business had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.85 billion. During the same period in the prior year, the company posted $1.37 EPS. The business’s revenue for the quarter was down 18.6% compared to the same quarter last year. On average, sell-side analysts predict that Visa Inc will post 5.01 earnings per share for the current year.
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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