Visa Inc. (NYSE:V) Holdings Raised by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC increased its stake in Visa Inc. (NYSE:V) by 12.9% during the fourth quarter, HoldingsChannel reports. The firm owned 18,118 shares of the credit-card processor’s stock after acquiring an additional 2,069 shares during the period. Visa accounts for approximately 0.7% of Linden Thomas Advisory Services LLC’s holdings, making the stock its 12th biggest position. Linden Thomas Advisory Services LLC’s holdings in Visa were worth $5,726,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of V. Decker Retirement Planning Inc. purchased a new position in shares of Visa during the fourth quarter valued at $26,000. Peterson Financial Group Inc. acquired a new stake in Visa during the 3rd quarter worth about $26,000. Modus Advisors LLC purchased a new position in Visa during the 4th quarter valued at about $32,000. Reston Wealth Management LLC purchased a new position in Visa during the 3rd quarter valued at about $31,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of Visa in the 4th quarter valued at about $44,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Stock Up 1.2 %

Shares of NYSE V opened at $334.16 on Tuesday. The business has a fifty day moving average of $314.95 and a two-hundred day moving average of $290.79. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $335.49. The stock has a market cap of $622.49 billion, a PE ratio of 34.34, a PEG ratio of 2.17 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly 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. The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the firm posted $2.33 EPS. As a group, equities research analysts expect that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

V has been the subject of several recent research reports. Mizuho increased their price objective on Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Susquehanna lifted their price target on Visa from $339.00 to $375.00 and gave the company a “positive” rating in a report on Wednesday, December 11th. Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Morgan Stanley lifted their target price on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, Jefferies Financial Group lifted their price objective on Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and a consensus target price of $335.52.

Visa Company 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.