Visa Inc. (NYSE:V) Shares Bought by WD Rutherford LLC

WD Rutherford LLC raised its position in shares of Visa Inc. (NYSE:V) by 2.6% during the 3rd quarter, Holdings Channel reports. The firm owned 16,037 shares of the credit-card processor’s stock after buying an additional 408 shares during the quarter. Visa comprises 2.2% of WD Rutherford LLC’s portfolio, making the stock its 15th largest holding. WD Rutherford LLC’s holdings in Visa were worth $4,409,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Hilltop National Bank purchased a new stake in Visa in the first quarter valued at $1,212,000. Absolute Capital Management LLC purchased a new stake in shares of Visa in the first quarter worth about $404,000. Davidson Capital Management Inc. boosted its stake in shares of Visa by 0.5% in the first quarter. Davidson Capital Management Inc. now owns 9,275 shares of the credit-card processor’s stock worth $2,588,000 after buying an additional 44 shares during the last quarter. Empirical Finance LLC grew its holdings in Visa by 4.4% during the first quarter. Empirical Finance LLC now owns 45,724 shares of the credit-card processor’s stock worth $12,761,000 after acquiring an additional 1,914 shares during the period. Finally, Arjuna Capital raised its position in Visa by 0.8% during the second quarter. Arjuna Capital now owns 11,851 shares of the credit-card processor’s stock valued at $3,111,000 after acquiring an additional 96 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Performance

Shares of V opened at $290.16 on Thursday. The stock has a market capitalization of $530.68 billion, a P/E ratio of 32.42, a P/E/G ratio of 1.95 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37. Visa Inc. has a 1 year low of $232.99 and a 1 year high of $295.78. The company’s fifty day moving average is $280.09 and its two-hundred day moving average is $273.38.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.72% and a return on equity of 51.94%. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period in the previous year, the business posted $2.33 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. On average, sell-side analysts predict that Visa Inc. will post 9.92 earnings per share for the current year.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $148,687.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on V shares. Robert W. Baird upped their price objective on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday. The Goldman Sachs Group reissued a “buy” rating and set a $317.00 price target on shares of Visa in a report on Thursday, September 12th. Monness Crespi & Hardt reaffirmed a “neutral” rating on shares of Visa in a report on Tuesday, September 24th. TD Cowen increased their target price on shares of Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Citigroup lifted their price target on Visa from $319.00 to $326.00 and gave the company a “buy” rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $320.07.

Visa Profile

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.