Parallel Advisors LLC purchased a new position in shares of Visa Inc (NYSE:V) during the fourth quarter, according to its most recent disclosure with the SEC. The fund purchased 40,880 shares of the credit-card processor’s stock, valued at approximately $3,189,000. Visa comprises approximately 0.7% of Parallel Advisors LLC’s investment portfolio, making the stock its 25th largest position.
Several other hedge funds have also bought and sold shares of V. Lombard Odier Transatlantic Limited Partnership boosted its position in shares of Visa by 57.5% in the third quarter. Lombard Odier Transatlantic Limited Partnership now owns 1,260 shares of the credit-card processor’s stock valued at $104,000 after buying an additional 460 shares in the last quarter. Duncker Streett & Co. Inc. boosted its position in shares of Visa by 3.8% in the third quarter. Duncker Streett & Co. Inc. now owns 1,683 shares of the credit-card processor’s stock valued at $139,000 after buying an additional 62 shares in the last quarter. Adirondack Trust Co. boosted its position in shares of Visa by 20.3% in the third quarter. Adirondack Trust Co. now owns 2,160 shares of the credit-card processor’s stock valued at $178,000 after buying an additional 365 shares in the last quarter. FNY Partners Fund LP purchased a new position in shares of Visa during the fourth quarter valued at about $189,000. Finally, Taylor Cottrill Erickson & Associates Inc. purchased a new position in shares of Visa during the third quarter valued at about $203,000. Hedge funds and other institutional investors own 80.14% of the company’s stock.
Shares of Visa Inc (NYSE:V) opened at 89.19 on Monday. Visa Inc has a 12 month low of $73.25 and a 12 month high of $92.05. The firm has a market capitalization of $207.29 billion, a PE ratio of 34.57 and a beta of 1.00. The stock’s 50 day moving average price is $88.11 and its 200-day moving average price is $82.87.
Visa (NYSE:V) last announced its quarterly earnings data on Thursday, February 2nd. The credit-card processor reported $0.86 EPS for the quarter, topping the consensus estimate of $0.78 by $0.08. The business had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.29 billion. Visa had a net margin of 38.30% and a return on equity of 26.48%. The company’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 earnings per share. On average, equities analysts anticipate that Visa Inc will post $3.32 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 7th. Shareholders of record on Friday, February 17th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Wednesday, February 15th. Visa’s dividend payout ratio is 26.09%.
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Several brokerages recently issued reports on V. Jefferies Group LLC set a $96.00 price objective on Visa and gave the stock a “buy” rating in a report on Saturday. Vetr raised Visa from a “hold” rating to a “buy” rating and set a $93.85 price objective for the company in a report on Monday, March 20th. Deutsche Bank AG reissued a “buy” rating and issued a $103.00 price target on shares of Visa in a report on Tuesday, March 14th. Sanford C. Bernstein reissued an “outperform” rating and issued a $104.00 price target on shares of Visa in a report on Saturday, March 11th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Visa in a report on Wednesday, March 8th. One investment analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $94.31.
In other news, EVP William M. Sheedy sold 125,372 shares of Visa stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $85.74, for a total value of $10,749,395.28. Following the completion of the transaction, the executive vice president now owns 365,769 shares in the company, valued at $31,361,034.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP James H. Hoffmeister sold 11,139 shares of Visa stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $85.95, for a total transaction of $957,397.05. Following the completion of the transaction, the senior vice president now owns 6,390 shares of the company’s stock, valued at approximately $549,220.50. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.
Visa Company Profile
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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