Redpoint Investment Management Pty Ltd lifted its holdings in Visa Inc. (NYSE:V) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,910 shares of the credit-card processor’s stock after purchasing an additional 2,100 shares during the period. Visa accounts for about 1.0% of Redpoint Investment Management Pty Ltd’s investment portfolio, making the stock its 16th biggest holding. Redpoint Investment Management Pty Ltd’s holdings in Visa were worth $9,604,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Newfound Research LLC acquired a new position in Visa during the 3rd quarter worth $31,000. Brand Asset Management Group Inc. lifted its position in Visa by 52.7% during the 3rd quarter. Brand Asset Management Group Inc. now owns 258 shares of the credit-card processor’s stock worth $52,000 after acquiring an additional 89 shares during the last quarter. Catalyst Private Wealth LLC acquired a new position in Visa during the 3rd quarter worth $59,000. TFC Financial Management acquired a new position in Visa during the 3rd quarter worth $65,000. Finally, Provident Wealth Management LLC acquired a new position in Visa during the 3rd quarter worth $68,000. 80.74% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company’s stock in a transaction that occurred on Monday, November 30th. The shares were sold at an average price of $209.40, for a total transaction of $1,884,600.00. Following the transaction, the chief executive officer now directly owns 132,660 shares in the company, valued at $27,779,004. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO James H. Hoffmeister sold 2,157 shares of the company’s stock in a transaction that occurred on Wednesday, December 2nd. The stock was sold at an average price of $208.87, for a total transaction of $450,532.59. The disclosure for this sale can be found here. Insiders have sold 80,205 shares of company stock worth $17,188,463 over the last ninety days. Insiders own 0.19% of the company’s stock.

V has been the subject of a number of research analyst reports. Barclays reissued a “buy” rating and set a $230.00 target price on shares of Visa in a research report on Tuesday, December 22nd. Credit Suisse Group cut their target price on shares of Visa from $235.00 to $230.00 and set an “outperform” rating for the company in a research report on Thursday, October 29th. Oppenheimer restated a “buy” rating and set a $212.00 price objective (down previously from $233.00) on shares of Visa in a report on Thursday, October 29th. Wedbush restated a “buy” rating and set a $220.00 price objective on shares of Visa in a report on Monday, October 5th. Finally, Piper Sandler boosted their price objective on shares of Visa from $200.00 to $220.00 and gave the stock a “neutral” rating in a report on Wednesday, December 2nd. Six investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $220.41.

Visa stock traded up $0.49 during trading hours on Wednesday, hitting $209.35. 6,656,850 shares of the stock were exchanged, compared to its average volume of 8,152,269. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a market capitalization of $407.94 billion, a P/E ratio of 39.92, a P/E/G ratio of 2.59 and a beta of 0.91. Visa Inc. has a 12 month low of $133.93 and a 12 month high of $220.39. The business’s 50-day moving average is $211.57 and its two-hundred day moving average is $202.64.

Visa (NYSE:V) last issued its quarterly earnings data on Wednesday, October 28th. The credit-card processor reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.03. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.03 billion. Visa had a net margin of 51.37% and a return on equity of 40.65%. On average, equities analysts predict that Visa Inc. will post 5.01 earnings per share for the current fiscal year.

Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

Further Reading: Accumulation/Distribution

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Institutional Ownership by Quarter for Visa (NYSE:V)

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