Profund Advisors LLC Raises Stock Position in Visa Inc. (NYSE:V)

Profund Advisors LLC lifted its position in Visa Inc. (NYSE:VGet Rating) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,506 shares of the credit-card processor’s stock after buying an additional 706 shares during the period. Profund Advisors LLC’s holdings in Visa were worth $6,611,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. TCI Fund Management Ltd. grew its position in Visa by 41.8% during the 3rd quarter. TCI Fund Management Ltd. now owns 19,939,311 shares of the credit-card processor’s stock worth $4,441,482,000 after purchasing an additional 5,881,421 shares during the last quarter. GQG Partners LLC grew its position in Visa by 85.6% during the 3rd quarter. GQG Partners LLC now owns 7,721,375 shares of the credit-card processor’s stock worth $1,719,828,000 after purchasing an additional 3,562,125 shares during the last quarter. Brown Advisory Inc. grew its position in Visa by 51.7% during the 4th quarter. Brown Advisory Inc. now owns 9,232,310 shares of the credit-card processor’s stock worth $2,000,734,000 after purchasing an additional 3,145,363 shares during the last quarter. Alliancebernstein L.P. grew its position in Visa by 11.8% during the 3rd quarter. Alliancebernstein L.P. now owns 23,190,566 shares of the credit-card processor’s stock worth $5,165,699,000 after purchasing an additional 2,446,963 shares during the last quarter. Finally, BlackRock Inc. grew its position in Visa by 1.9% during the 3rd quarter. BlackRock Inc. now owns 126,591,271 shares of the credit-card processor’s stock worth $28,198,208,000 after purchasing an additional 2,370,237 shares during the last quarter. 81.28% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently commented on V. Exane BNP Paribas downgraded shares of Visa from an “outperform” rating to a “neutral” rating and set a $210.00 price objective on the stock. in a report on Monday, January 10th. Morgan Stanley dropped their price objective on shares of Visa from $283.00 to $279.00 and set an “overweight” rating on the stock in a report on Thursday, April 21st. Citigroup dropped their price objective on shares of Visa from $285.00 to $265.00 in a report on Monday. Wedbush boosted their target price on shares of Visa from $240.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, January 28th. Finally, BNP Paribas cut shares of Visa from an “outperform” rating to a “neutral” rating and set a $210.00 target price for the company. in a research note on Monday, January 10th. Six equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $266.33.

In other Visa news, Director Robert W. Matschullat sold 1,114 shares of the stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of $210.94, for a total transaction of $234,987.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Ryan Mcinerney sold 6,466 shares of the stock in a transaction dated Tuesday, February 8th. The stock was sold at an average price of $226.11, for a total transaction of $1,462,027.26. The disclosure for this sale can be found here. Insiders sold 49,250 shares of company stock valued at $10,951,267 in the last three months. 0.21% of the stock is currently owned by insiders.

Shares of Visa stock traded down $4.92 during trading hours on Tuesday, reaching $205.03. 56,396 shares of the company’s stock were exchanged, compared to its average volume of 8,908,467. Visa Inc. has a 1 year low of $186.67 and a 1 year high of $252.67. The company has a market capitalization of $392.47 billion, a P/E ratio of 34.76, a price-to-earnings-growth ratio of 1.90 and a beta of 0.92. The business has a fifty day moving average of $214.39 and a two-hundred day moving average of $215.05. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:VGet Rating) last released its earnings results on Thursday, January 27th. The credit-card processor reported $1.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.12. Visa had a net margin of 51.59% and a return on equity of 40.11%. The business had revenue of $7.06 billion during the quarter, compared to analyst estimates of $6.79 billion. During the same quarter in the prior year, the firm earned $1.42 earnings per share. The company’s revenue for the quarter was up 24.1% compared to the same quarter last year. As a group, research analysts predict that Visa Inc. will post 7.04 EPS for the current year.

About Visa (Get Rating)

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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