PBMares Wealth Administration LLC lessened its holdings in shares of Visa Inc. (NYSE:V – Free Report) by 1.5% throughout the third quarter, based on the corporate in its most up-to-date Type 13F submitting with the Securities and Change Fee. The fund owned 3,187 shares of the credit-card processor’s inventory after promoting 48 shares throughout the interval. PBMares Wealth Administration LLC’s holdings in Visa have been value $876,000 as of its most up-to-date submitting with the Securities and Change Fee.
A number of different hedge funds and different institutional traders have additionally made modifications to their positions within the enterprise. Hilltop Nationwide Financial institution acquired a brand new place in Visa throughout the 1st quarter valued at about $1,212,000. Absolute Capital Administration LLC purchased a brand new stake in Visa throughout the first quarter value roughly $404,000. Davidson Capital Administration Inc. lifted its place in Visa by 0.5% within the first quarter. Davidson Capital Administration Inc. now owns 9,275 shares of the credit-card processor’s inventory value $2,588,000 after buying a further 44 shares throughout the interval. Empirical Finance LLC boosted its stake in Visa by 4.4% throughout the 1st quarter. Empirical Finance LLC now owns 45,724 shares of the credit-card processor’s inventory valued at $12,761,000 after buying a further 1,914 shares within the final quarter. Lastly, Arjuna Capital elevated its place 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 valued at $3,111,000 after buying a further 96 shares throughout the interval. 82.15% of the inventory is presently owned by institutional traders and hedge funds.
Visa Buying and selling Up 2.9 %
Shares of NYSE:V opened at $290.16 on Thursday. The agency has a fifty day shifting common of $280.09 and a two-hundred day shifting common of $273.38. The corporate has a fast ratio of 1.37, a present ratio of 1.37 and a debt-to-equity ratio of 0.54. Visa Inc. has a 12-month low of $232.99 and a 12-month excessive of $295.78. The agency has a market capitalization of $530.68 billion, a P/E ratio of 32.42, a price-to-earnings-growth ratio of 1.95 and a beta of 0.96.
Visa (NYSE:V – Get Free Report) final introduced its quarterly earnings information on Tuesday, October twenty ninth. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.13. Visa had a return on fairness of 51.94% and a internet margin of 54.72%. The enterprise had income of $9.62 billion throughout the quarter, in comparison with analyst estimates of $9.49 billion. Throughout the identical interval final 12 months, the corporate earned $2.33 earnings per share. Visa’s quarterly income was up 11.7% in comparison with the identical quarter final 12 months. On common, equities analysts count on that Visa Inc. will publish 9.92 EPS for the present fiscal 12 months.
Insider Transactions at Visa
In associated information, CEO Ryan Mcinerney bought 8,620 shares of the enterprise’s inventory in a transaction that occurred on Tuesday, September third. The inventory was bought at a median worth of $276.37, for a complete worth of $2,382,309.40. Following the completion of the sale, the chief government officer now owns 538 shares of the corporate’s inventory, valued at roughly $148,687.06. The commerce was a 0.00 % lower of their place. The sale was disclosed in a submitting with the SEC, which will be accessed by means of this hyperlink. Firm insiders personal 0.19% of the corporate’s inventory.
Wall Road Analysts Forecast Progress
A number of analysis analysts lately weighed in on the corporate. Piper Sandler raised their goal worth on Visa from $319.00 to $322.00 and gave the corporate an “chubby” score in a analysis word on Wednesday. Robert W. Baird boosted their goal worth on shares of Visa from $330.00 to $340.00 and gave the inventory an “outperform” score in a report on Wednesday. TD Cowen elevated their goal worth on shares of Visa from $318.00 to $325.00 and gave the corporate a “purchase” score in a analysis word on Wednesday. Jefferies Monetary Group lifted their worth goal on shares of Visa from $320.00 to $330.00 and gave the inventory a “purchase” score in a analysis report on Wednesday. Lastly, William Blair raised Visa to a “strong-buy” score in a analysis word on Tuesday, July twenty third. 4 equities analysis analysts have rated the inventory with a maintain score, twenty-four have issued a purchase score and two have given a powerful purchase score to the corporate’s inventory. In response to MarketBeat, Visa presently has a median score of “Reasonable Purchase” and a consensus worth goal of $320.07.
View Our Newest Inventory Report on V
Visa Firm Profile
Visa Inc operates as a fee expertise firm in america and internationally. The corporate operates VisaNet, a transaction processing community that allows authorization, clearing, and settlement of fee transactions. It additionally affords credit score, debit, and pay as you go card merchandise; faucet to pay, tokenization, and click on to pay companies; 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 shopper funds answer; and Visa DPS that gives a variety of value-added companies, together with fraud mitigation, dispute administration, information analytics, marketing campaign administration, a set of digital options, and get in touch with heart companies.
See Additionally
Need to see what different hedge funds are holding V? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for Visa Inc. (NYSE:V – Free Report).
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