Rothschild Capital Partners LLC lowered its holdings in shares of Visa Inc (NYSE:V) by 6.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,563 shares of the credit-card processor’s stock after selling 2,516 shares during the quarter. Visa comprises about 1.8% of Rothschild Capital Partners LLC’s investment portfolio, making the stock its 22nd biggest position. Rothschild Capital Partners LLC’s holdings in Visa were worth $3,848,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Cordasco Financial Network bought a new position in Visa in the 3rd quarter worth $105,000. Motco raised its holdings in Visa by 25.1% in the 2nd quarter. Motco now owns 1,176 shares of the credit-card processor’s stock worth $110,000 after acquiring an additional 236 shares during the period. BDO Wealth Advisors LLC bought a new position in Visa in the 2nd quarter worth $115,000. Mascoma Wealth Management LLC bought a new position in Visa in the 2nd quarter worth $122,000. Finally, MPS Loria Financial Planners LLC bought a new position in Visa in the 2nd quarter worth $123,000. Institutional investors and hedge funds own 81.50% of the company’s stock.
In related news, SVP James H. Hoffmeister sold 2,146 shares of Visa stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $112.09, for a total transaction of $240,545.14. Following the completion of the transaction, the senior vice president now directly owns 687 shares of the company’s stock, valued at approximately $77,005.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert W. Matschullat sold 6,220 shares of Visa stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $113.76, for a total transaction of $707,587.20. Following the transaction, the director now directly owns 57,368 shares of the company’s stock, valued at $6,526,183.68. The disclosure for this sale can be found here. Insiders have sold a total of 58,068 shares of company stock valued at $6,597,262 over the last three months. 0.14% of the stock is currently owned by insiders.
Several research firms have issued reports on V. Vetr lowered shares of Visa from a “buy” rating to a “hold” rating and set a $121.05 price target on the stock. in a research report on Monday. Barclays restated a “buy” rating and issued a $145.00 price target on shares of Visa in a research report on Friday. Susquehanna Bancshares raised their price target on shares of Visa from $126.00 to $148.00 in a research report on Thursday, December 28th. Zacks Investment Research lowered shares of Visa from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $141.00 price target on shares of Visa in a research report on Friday, December 22nd. Four equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $119.58.
Shares of Visa Inc (NYSE V) opened at $118.86 on Monday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.61. Visa Inc has a 12-month low of $80.51 and a 12-month high of $119.00. The firm has a market cap of $269,360.00, a PE ratio of 42.45, a PEG ratio of 1.73 and a beta of 0.99.
Visa (NYSE:V) last announced its quarterly earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.05. Visa had a net margin of 36.49% and a return on equity of 31.80%. The firm had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.63 billion. During the same period last year, the firm posted $0.78 EPS. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. analysts anticipate that Visa Inc will post 4.07 earnings per share for the current year.
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Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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