Gradient Investments LLC Boosts Stock Position in Visa Inc (NYSE:V)

Gradient Investments LLC boosted its holdings in Visa Inc (NYSE:V) by 5.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,595 shares of the credit-card processor’s stock after buying an additional 1,753 shares during the quarter. Gradient Investments LLC’s holdings in Visa were worth $6,490,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of V. Renaissance Technologies LLC increased its holdings in Visa by 1,683.4% in the fourth quarter. Renaissance Technologies LLC now owns 893,500 shares of the credit-card processor’s stock valued at $167,889,000 after buying an additional 843,400 shares during the last quarter. PSI Advisors LLC purchased a new position in Visa in the fourth quarter valued at $113,000. Personal Capital Advisors Corp grew its holdings in shares of Visa by 23.9% during the fourth quarter. Personal Capital Advisors Corp now owns 16,241 shares of the credit-card processor’s stock worth $3,052,000 after purchasing an additional 3,131 shares during the last quarter. Oak Associates Ltd. OH increased its position in shares of Visa by 841.9% during the fourth quarter. Oak Associates Ltd. OH now owns 89,502 shares of the credit-card processor’s stock worth $16,817,000 after purchasing an additional 80,000 shares in the last quarter. Finally, Toronto Dominion Bank lifted its holdings in shares of Visa by 6.9% in the 4th quarter. Toronto Dominion Bank now owns 1,257,375 shares of the credit-card processor’s stock valued at $236,226,000 after purchasing an additional 81,437 shares during the last quarter. 81.59% of the stock is currently owned by hedge funds and other institutional investors.

V has been the subject of a number of research reports. Raymond James boosted their price objective on Visa from $188.00 to $204.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Robert W. Baird boosted their price objective on Visa from $166.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Oppenheimer initiated coverage on Visa in a research note on Tuesday, June 23rd. They issued an “outperform” rating and a $202.00 price objective for the company. SunTrust Banks boosted their price objective on Visa from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Finally, UBS Group reduced their price objective on Visa from $190.00 to $188.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Five research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Visa currently has a consensus rating of “Buy” and a consensus target price of $206.93.

Shares of NYSE:V traded down $1.20 on Friday, hitting $191.01. The company had a trading volume of 4,075,322 shares, compared to its average volume of 8,279,411. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. Visa Inc has a 52-week low of $133.93 and a 52-week high of $214.17. The business has a 50 day moving average of $194.03 and a 200 day moving average of $186.49. The company has a market cap of $379.12 billion, a PE ratio of 34.53, a PEG ratio of 3.09 and a beta of 0.92.

Visa (NYSE:V) last released its earnings results on Thursday, April 30th. The credit-card processor reported $1.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.04. The firm had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.75 billion. Visa had a return on equity of 43.45% and a net margin of 52.26%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.31 earnings per share. As a group, equities analysts predict that Visa Inc will post 5 EPS for the current year.

In other Visa news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $181.78, for a total transaction of $1,272,460.00. Following the completion of the sale, the chief executive officer now directly owns 139,090 shares in the company, valued at $25,283,780.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Ryan Mcinerney sold 26,150 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $191.87, for a total transaction of $5,017,400.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,429 shares of company stock valued at $9,654,214. 0.19% of the stock is owned by insiders.

Visa Profile

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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Institutional Ownership by Quarter for Visa (NYSE:V)

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