Farmers & Retailers Investments Inc. grew its stake in shares of Visa Inc. (NYSE:V – Free Report) by 3.2% throughout the third quarter, in accordance with its most up-to-date 13F submitting with the Securities & Alternate Fee. The fund owned 72,449 shares of the credit-card processor’s inventory after buying an extra 2,250 shares throughout the quarter. Farmers & Retailers Investments Inc.’s holdings in Visa had been price $19,920,000 on the finish of the latest quarter.
Different institutional buyers have additionally not too long ago made modifications to their positions within the firm. Hilltop Nationwide Financial institution acquired a brand new place in shares of Visa throughout the 1st quarter price roughly $1,212,000. Absolute Capital Administration LLC acquired a brand new place in shares of Visa throughout the 1st quarter price roughly $404,000. Davidson Capital Administration Inc. elevated its holdings in shares of Visa by 0.5% throughout the 1st quarter. Davidson Capital Administration Inc. now owns 9,275 shares of the credit-card processor’s inventory price $2,588,000 after buying an extra 44 shares over the past quarter. Empirical Finance LLC elevated its holdings in shares of Visa by 4.4% throughout the 1st quarter. Empirical Finance LLC now owns 45,724 shares of the credit-card processor’s inventory price $12,761,000 after buying an extra 1,914 shares over the past quarter. Lastly, Arjuna Capital elevated its holdings in shares of Visa by 0.8% throughout the 2nd quarter. Arjuna Capital now owns 11,851 shares of the credit-card processor’s inventory price $3,111,000 after buying an extra 96 shares over the past quarter. Institutional buyers and hedge funds personal 82.15% of the corporate’s inventory.
Analysts Set New Worth Targets
Quite a few analysis analysts not too long ago weighed in on the corporate. BNP Paribas raised Visa from a “impartial” ranking to an “outperform” ranking and set a $325.00 goal value on the inventory in a report on Tuesday, September third. Monness Crespi & Hardt reaffirmed a “impartial” ranking on shares of Visa in a report on Tuesday, September twenty fourth. Susquehanna upped their value goal on Visa from $326.00 to $339.00 and gave the corporate a “optimistic” ranking in a report on Wednesday. Piper Sandler upped their value goal on Visa from $319.00 to $322.00 and gave the corporate an “chubby” ranking in a report on Wednesday. Lastly, William Blair raised Visa to a “strong-buy” ranking in a report on Tuesday, July twenty third. 4 analysts have rated the inventory with a maintain ranking, twenty-four have assigned a purchase ranking and two have assigned a powerful purchase ranking to the inventory. In accordance with information from MarketBeat, the corporate presently has a consensus ranking of “Reasonable Purchase” and a median value goal of $320.07.
Insiders Place Their Bets
In different Visa information, CEO Ryan Mcinerney offered 8,620 shares of Visa inventory in a transaction that occurred on Tuesday, September third. The inventory was offered at a median value of $276.37, for a complete worth of $2,382,309.40. Following the completion of the sale, the chief govt officer now immediately owns 538 shares within the firm, valued at roughly $148,687.06. The commerce was a 0.00 % lower of their possession of the inventory. The sale was disclosed in a doc filed with the SEC, which will be accessed by this hyperlink. 0.19% of the inventory is presently owned by company insiders.
Visa Buying and selling Up 2.9 %
Shares of V inventory opened at $290.16 on Thursday. The inventory has a market cap of $530.68 billion, a price-to-earnings ratio of 32.42, a PEG ratio of 1.95 and a beta of 0.96. The inventory has a 50-day transferring common of $280.09 and a 200-day transferring common of $273.38. The corporate has a present ratio of 1.37, a fast ratio of 1.37 and a debt-to-equity ratio of 0.54. Visa Inc. has a 1-year low of $232.99 and a 1-year excessive of $295.78.
Visa (NYSE:V – Get Free Report) final issued its earnings outcomes on Tuesday, October twenty ninth. The credit-card processor reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. The enterprise had income of $9.62 billion throughout the quarter, in comparison with the consensus estimate of $9.49 billion. Visa had a return on fairness of 51.94% and a web margin of 54.72%. The agency’s income for the quarter was up 11.7% on a year-over-year foundation. Throughout the identical interval within the earlier yr, the corporate posted $2.33 earnings per share. On common, equities analysis analysts forecast that Visa Inc. will publish 9.92 earnings per share for the present yr.
Visa Firm Profile
Visa Inc operates as a cost expertise firm in the US and internationally. The corporate operates VisaNet, a transaction processing community that permits authorization, clearing, and settlement of cost transactions. It additionally presents credit score, debit, and pay as you go card merchandise; faucet to pay, tokenization, and click on to pay providers; Visa Direct, an answer that facilitates the supply of funds to eligible playing cards, deposit accounts, and digital wallets; Visa B2B Join, a multilateral business-to-business cross-border funds community; Visa Cross-Border Answer, a cross-border client funds answer; and Visa DPS that gives a variety of value-added providers, together with fraud mitigation, dispute administration, information analytics, marketing campaign administration, a collection of digital options, and make contact with middle providers.
Featured Tales
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