Visa Inc. (NYSE:V) Shares Sold by Janney Capital Management LLC

Janney Capital Management LLC reduced its stake in Visa Inc. (NYSE:VGet Rating) by 10.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,993 shares of the credit-card processor’s stock after selling 6,523 shares during the period. Janney Capital Management LLC’s holdings in Visa were worth $13,083,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Outfitter Financial LLC bought a new stake in shares of Visa in the 4th quarter worth approximately $27,000. Landmark Wealth Management LLC bought a new stake in shares of Visa in the 1st quarter worth approximately $32,000. Rise Advisors LLC acquired a new stake in shares of Visa during the fourth quarter valued at approximately $35,000. Stuart Chaussee & Associates Inc. raised its holdings in shares of Visa by 50.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 168 shares of the credit-card processor’s stock valued at $36,000 after acquiring an additional 56 shares during the period. Finally, Paragon Capital Management Ltd acquired a new stake in shares of Visa during the fourth quarter valued at approximately $39,000. 80.77% of the stock is owned by institutional investors and hedge funds.

Visa Trading Down 1.0 %

V stock opened at $210.47 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. The company has a fifty day moving average price of $204.37 and a two-hundred day moving average price of $210.64. Visa Inc. has a one year low of $185.91 and a one year high of $251.50. The stock has a market cap of $400.16 billion, a price-to-earnings ratio of 33.09, a price-to-earnings-growth ratio of 1.84 and a beta of 0.90.

Visa (NYSE:VGet Rating) last released its quarterly earnings data on Tuesday, April 26th. The credit-card processor reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.14. Visa had a net margin of 51.10% and a return on equity of 42.89%. The firm had revenue of $7.19 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the previous year, the business posted $1.38 earnings per share. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. Equities analysts anticipate that Visa Inc. will post 7.17 EPS for the current year.

Analysts Set New Price Targets

V has been the topic of several research reports. Morgan Stanley upped their price objective on shares of Visa from $284.00 to $291.00 and gave the company an “overweight” rating in a research note on Wednesday. Credit Suisse Group upped their price objective on shares of Visa from $260.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, April 27th. Barclays decreased their price objective on shares of Visa from $265.00 to $260.00 and set an “overweight” rating for the company in a report on Monday, April 4th. Cowen reduced their price target on shares of Visa from $276.00 to $254.00 and set an “outperform” rating for the company in a report on Wednesday, April 27th. Finally, Wells Fargo & Company dropped their price objective on shares of Visa from $280.00 to $255.00 and set an “overweight” rating for the company in a research note on Wednesday, July 13th. Four equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $261.00.

Insiders Place Their Bets

In other news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the business’s stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $210.38, for a total value of $1,893,420.00. Following the completion of the sale, the chief executive officer now owns 162,887 shares of the company’s stock, valued at $34,268,167.06. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 27,000 shares of company stock valued at $5,619,330 over the last ninety days. 0.21% of the stock is currently owned by company insiders.

Visa Profile

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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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