B.O.S.S. Retirement Advisors LLC lessened its stake in Visa Inc. (NYSE:V - Free Report) by 96.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 647 shares of the credit-card processor's stock after selling 17,458 shares during the period. B.O.S.S. Retirement Advisors LLC's holdings in Visa were worth $205,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in V. Custom Index Systems LLC purchased a new stake in Visa in the 3rd quarter valued at approximately $731,000. Copley Financial Group Inc. purchased a new stake in shares of Visa in the third quarter valued at approximately $616,000. Oak Ridge Investments LLC grew its holdings in Visa by 5.9% during the fourth quarter. Oak Ridge Investments LLC now owns 75,456 shares of the credit-card processor's stock worth $23,847,000 after acquiring an additional 4,198 shares during the period. FORA Capital LLC purchased a new position in Visa in the third quarter worth $7,987,000. Finally, Chicago Capital LLC lifted its holdings in Visa by 5.2% in the third quarter. Chicago Capital LLC now owns 404,914 shares of the credit-card processor's stock valued at $111,331,000 after acquiring an additional 20,023 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.
NYSE V opened at $334.16 on Tuesday. The company has a market cap of $622.49 billion, a P/E ratio of 34.34, a P/E/G ratio of 2.17 and a beta of 0.96. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $335.49. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The company has a 50-day moving average of $314.95 and a 200-day moving average of $290.79.
Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping the consensus estimate of $2.58 by $0.13. The firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. Visa's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.33 earnings per share. As a group, equities analysts predict that Visa Inc. will post 11.19 earnings per share for the current year.
In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now directly owns 17,894 shares of the company's stock, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.
V has been the subject of a number of research analyst reports. Jefferies Financial Group increased their price target on shares of Visa from $320.00 to $330.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Piper Sandler boosted their price target on Visa from $322.00 to $368.00 and gave the stock an "overweight" rating in a research note on Friday. Mizuho upped their price target on Visa from $279.00 to $292.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Barclays lifted their price objective on Visa from $319.00 to $347.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. Finally, Seaport Res Ptn upgraded Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $335.52.
Read Our Latest Research Report on Visa
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Visa, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Visa wasn't on the list.
While Visa currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.