Syntal Capital Partners LLC Has $613,000 Stake in Visa Inc (V)

Syntal Capital Partners LLC cut its holdings in shares of Visa Inc (NYSE:V) by 12.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,833 shares of the credit-card processor’s stock after selling 802 shares during the period. Syntal Capital Partners LLC’s holdings in Visa were worth $613,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Visa by 2.1% during the second quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock worth $11,911,973,000 after purchasing an additional 2,628,148 shares in the last quarter. BlackRock Inc. raised its holdings in Visa by 1.3% during the second quarter. BlackRock Inc. now owns 114,649,667 shares of the credit-card processor’s stock worth $10,751,846,000 after purchasing an additional 1,440,034 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Visa by 2.3% during the third quarter. Fisher Asset Management LLC now owns 15,971,471 shares of the credit-card processor’s stock worth $1,680,838,000 after purchasing an additional 355,320 shares in the last quarter. Capital Research Global Investors raised its holdings in Visa by 20.3% during the second quarter. Capital Research Global Investors now owns 11,394,893 shares of the credit-card processor’s stock worth $1,068,613,000 after purchasing an additional 1,919,732 shares in the last quarter. Finally, Polen Capital Management LLC raised its holdings in Visa by 7.7% during the second quarter. Polen Capital Management LLC now owns 10,425,812 shares of the credit-card processor’s stock worth $977,733,000 after purchasing an additional 745,312 shares in the last quarter. Institutional investors and hedge funds own 81.50% of the company’s stock.

Shares of Visa Inc (V) opened at $118.86 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.90 and a current ratio of 1.90. Visa Inc has a one year low of $80.51 and a one year high of $119.00. The stock has a market cap of $269,360.00, a price-to-earnings ratio of 42.45, a price-to-earnings-growth ratio of 1.69 and a beta of 0.99.

Visa (NYSE:V) last announced its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.05. Visa had a net margin of 36.49% and a return on equity of 31.80%. The company had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same period in the previous year, the business earned $0.78 EPS. The company’s revenue was up 13.9% on a year-over-year basis. equities research analysts anticipate that Visa Inc will post 4.07 earnings per share for the current year.

In other Visa news, SVP James H. Hoffmeister sold 2,146 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $112.09, for a total transaction of $240,545.14. Following the sale, the senior vice president now directly owns 687 shares of the company’s stock, valued at approximately $77,005.83. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert W. Matschullat sold 6,220 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $113.76, for a total transaction of $707,587.20. Following the sale, the director now directly owns 57,368 shares in the company, valued at $6,526,183.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,068 shares of company stock worth $6,597,262. Company insiders own 0.14% of the company’s stock.

Several equities research analysts recently commented on the company. Jefferies Group reissued a “buy” rating and set a $125.00 target price (up previously from $112.00) on shares of Visa in a report on Tuesday, October 17th. Robert W. Baird reissued an “outperform” rating and set a $128.00 target price (up previously from $122.00) on shares of Visa in a report on Monday, October 2nd. Barclays reissued a “buy” rating and set a $145.00 target price on shares of Visa in a report on Friday. Morgan Stanley boosted their target price on Visa from $125.00 to $126.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $120.00 target price on shares of Visa in a report on Wednesday, October 25th. Three research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $119.53.

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About Visa

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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