Waldron Private Wealth LLC Has $3.22 Million Position in Visa Inc. $V

Waldron Private Wealth LLC cut its position in Visa Inc. (NYSE:V) by 1.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 9,067 shares of the credit-card processor’s stock after selling 149 shares during the quarter. Waldron Private Wealth LLC’s holdings in Visa were worth $3,219,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in V. Brighton Jones LLC grew its holdings in shares of Visa by 50.1% during the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock valued at $6,522,000 after purchasing an additional 6,883 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Visa by 68.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock valued at $3,733,000 after purchasing an additional 4,817 shares during the last quarter. Highland Capital Management LLC grew its holdings in shares of Visa by 16.0% during the 1st quarter. Highland Capital Management LLC now owns 68,987 shares of the credit-card processor’s stock valued at $24,177,000 after purchasing an additional 9,505 shares during the last quarter. Bordeaux Wealth Advisors LLC grew its holdings in shares of Visa by 13.5% during the 1st quarter. Bordeaux Wealth Advisors LLC now owns 15,416 shares of the credit-card processor’s stock valued at $5,403,000 after purchasing an additional 1,830 shares during the last quarter. Finally, Confluence Wealth Services Inc. grew its holdings in shares of Visa by 6.0% during the 1st quarter. Confluence Wealth Services Inc. now owns 20,750 shares of the credit-card processor’s stock valued at $6,938,000 after purchasing an additional 1,175 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Stock Up 0.1%

Shares of NYSE V opened at $347.71 on Tuesday. The company has a market capitalization of $637.28 billion, a P/E ratio of 33.96, a price-to-earnings-growth ratio of 2.05 and a beta of 0.90. Visa Inc. has a 52-week low of $281.35 and a 52-week high of $375.51. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. The company’s 50 day moving average price is $344.89 and its 200-day moving average price is $348.09.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.13. The firm had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.42 EPS. Equities analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Insider Buying and Selling

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the transaction, the general counsel owned 11,925 shares in the company, valued at $4,102,438.50. The trade was a 14.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the transaction, the chief executive officer owned 537 shares in the company, valued at $183,815.10. The trade was a 95.13% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on V shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Visa in a report on Thursday, July 17th. They set a “buy” rating and a $410.00 price target on the stock. Citigroup raised shares of Visa to a “strong-buy” rating in a report on Thursday, October 23rd. Raymond James Financial reissued an “outperform” rating on shares of Visa in a report on Wednesday, July 30th. Oppenheimer boosted their target price on shares of Visa from $390.00 to $391.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Finally, Macquarie boosted their target price on shares of Visa from $380.00 to $425.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $392.75.

Visa Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.