Blue Trust Inc. Buys 5,368 Shares of Visa Inc. (NYSE:V)

Blue Trust Inc. increased its stake in Visa Inc. (NYSE:V) by 24.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,432 shares of the credit-card processor’s stock after purchasing an additional 5,368 shares during the quarter. Blue Trust Inc.’s holdings in Visa were worth $8,670,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of V. Quarry LP raised its holdings in Visa by 310.5% during the second quarter. Quarry LP now owns 468 shares of the credit-card processor’s stock valued at $123,000 after acquiring an additional 354 shares during the period. Regal Investment Advisors LLC raised its holdings in Visa by 3.0% during the second quarter. Regal Investment Advisors LLC now owns 8,583 shares of the credit-card processor’s stock valued at $2,253,000 after acquiring an additional 249 shares during the period. Pathway Financial Advisers LLC raised its holdings in Visa by 3.9% during the second quarter. Pathway Financial Advisers LLC now owns 3,996 shares of the credit-card processor’s stock valued at $1,039,000 after acquiring an additional 149 shares during the period. Regency Capital Management Inc. DE raised its holdings in Visa by 12.2% during the second quarter. Regency Capital Management Inc. DE now owns 7,788 shares of the credit-card processor’s stock valued at $2,044,000 after acquiring an additional 846 shares during the period. Finally, IMS Capital Management raised its holdings in Visa by 1.6% during the second quarter. IMS Capital Management now owns 10,869 shares of the credit-card processor’s stock valued at $2,913,000 after acquiring an additional 176 shares during the period. 82.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Bank of America raised their price target on Visa from $314.00 to $331.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Citigroup raised their price target on Visa from $326.00 to $354.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Piper Sandler raised their price objective on Visa from $322.00 to $368.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Wells Fargo & Company raised their price objective on Visa from $325.00 to $360.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Finally, Susquehanna raised their price objective on Visa from $339.00 to $375.00 and gave the company a “positive” rating in a research report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and an average price target of $335.52.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Visa Stock Up 0.1 %

Shares of NYSE:V opened at $334.80 on Wednesday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $337.83. The business has a 50 day simple moving average of $315.39 and a two-hundred day simple moving average of $291.29. The firm has a market capitalization of $623.69 billion, a PE ratio of 34.41, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28.

Visa (NYSE:V) last announced its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the previous year, the business earned $2.33 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities analysts predict that Visa Inc. will post 11.19 EPS for the current year.

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.