Brasada Capital Management LP grew its holdings in Visa Inc (NYSE:V) by 5.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,152 shares of the credit-card processor’s stock after buying an additional 252 shares during the quarter. Brasada Capital Management LP’s holdings in Visa were worth $886,000 as of its most recent SEC filing.
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Several other institutional investors have also bought and sold shares of V. Berkeley Capital Partners LLC lifted its stake in shares of Visa by 1.5% in the 2nd quarter. Berkeley Capital Partners LLC now owns 3,939 shares of the credit-card processor’s stock valued at $684,000 after purchasing an additional 57 shares during the last quarter. Enterprise Financial Services Corp lifted its stake in Visa by 0.8% during the 2nd quarter. Enterprise Financial Services Corp now owns 7,649 shares of the credit-card processor’s stock worth $1,328,000 after acquiring an additional 59 shares in the last quarter. Radnor Capital Management LLC lifted its stake in Visa by 0.8% during the 2nd quarter. Radnor Capital Management LLC now owns 8,060 shares of the credit-card processor’s stock worth $1,399,000 after acquiring an additional 60 shares in the last quarter. Lakeview Capital Partners LLC lifted its stake in Visa by 1.5% during the 3rd quarter. Lakeview Capital Partners LLC now owns 4,035 shares of the credit-card processor’s stock worth $694,000 after acquiring an additional 60 shares in the last quarter. Finally, Peninsula Wealth LLC lifted its stake in Visa by 0.8% during the 2nd quarter. Peninsula Wealth LLC now owns 7,608 shares of the credit-card processor’s stock worth $1,319,000 after acquiring an additional 61 shares in the last quarter. Institutional investors and hedge funds own 80.97% of the company’s stock.
Visa stock traded up $0.02 during mid-day trading on Friday, reaching $179.77. 6,858,180 shares of the company were exchanged, compared to its average volume of 6,861,753. Visa Inc has a twelve month low of $121.60 and a twelve month high of $187.05. The firm’s 50-day simple moving average is $176.81 and its two-hundred day simple moving average is $173.97. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.69 and a current ratio of 1.56. The firm has a market cap of $355.93 billion, a PE ratio of 33.05, a price-to-earnings-growth ratio of 1.86 and a beta of 0.94.
Visa (NYSE:V) last posted its quarterly earnings data on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.04. The company had revenue of $6.14 billion during the quarter, compared to analysts’ expectations of $6.08 billion. Visa had a return on equity of 42.57% and a net margin of 52.57%. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period last year, the firm earned $1.21 EPS. As a group, equities research analysts anticipate that Visa Inc will post 6.21 EPS for the current year.
The firm also recently declared a dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 14th. Visa’s dividend payout ratio is currently 18.38%.
Several research firms recently issued reports on V. Robert W. Baird set a $196.00 target price on Visa and gave the stock a “buy” rating in a research note on Friday, July 19th. Raymond James upped their price target on Visa from $193.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Goldman Sachs Group restated a “buy” rating and set a $202.00 price target on shares of Visa in a report on Wednesday, July 24th. Nomura upped their price target on Visa from $178.00 to $204.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. upped their price target on Visa from $166.00 to $182.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $199.04.
In other Visa news, insider Vasant M. Prabhu sold 25,051 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.14, for a total transaction of $4,537,738.14. Following the completion of the transaction, the insider now owns 62,223 shares of the company’s stock, valued at $11,271,074.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William M. Sheedy sold 21,164 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $178.71, for a total value of $3,782,218.44. Following the transaction, the executive vice president now directly owns 227,126 shares of the company’s stock, valued at approximately $40,589,687.46. The disclosure for this sale can be found here. Insiders sold a total of 53,215 shares of company stock valued at $9,564,487 over the last three months. Insiders own 0.17% of the company’s stock.
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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