DSG Capital Advisors LLC Grows Position in Visa Inc. $V

DSG Capital Advisors LLC boosted its stake in Visa Inc. (NYSE:VFree Report) by 8.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,495 shares of the credit-card processor’s stock after buying an additional 2,958 shares during the period. Visa makes up approximately 2.1% of DSG Capital Advisors LLC’s portfolio, making the stock its 15th biggest position. DSG Capital Advisors LLC’s holdings in Visa were worth $13,141,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of V. Harbor Asset Planning Inc. acquired a new position in shares of Visa in the 2nd quarter worth approximately $29,000. Sagard Holdings Management Inc. purchased a new stake in Visa in the second quarter valued at approximately $31,000. Bare Financial Services Inc lifted its stake in Visa by 287.0% during the second quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock worth $32,000 after purchasing an additional 66 shares in the last quarter. Hoese & Co LLP acquired a new position in Visa during the second quarter worth $36,000. Finally, Winnow Wealth LLC acquired a new stake in shares of Visa in the second quarter valued at $40,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Price Performance

V stock opened at $325.10 on Wednesday. The business has a 50 day moving average price of $338.64 and a 200 day moving average price of $341.96. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.53. The stock has a market cap of $592.25 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 1.93 and a beta of 0.81. Visa Inc. has a fifty-two week low of $299.00 and a fifty-two week high of $375.51.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, beating the consensus estimate of $2.97 by $0.01. The company had revenue of $10.72 billion for the quarter, compared to analyst estimates of $10.60 billion. Visa had a net margin of 50.15% and a return on equity of 60.31%. The firm’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.71 earnings per share. Equities research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 2,172 shares of Visa stock in a transaction on Friday, November 21st. The shares were sold at an average price of $325.93, for a total transaction of $707,919.96. Following the sale, the insider directly owned 26,413 shares in the company, valued at $8,608,789.09. This trade represents a 7.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lloyd Carney sold 900 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $336.48, for a total transaction of $302,832.00. Following the completion of the transaction, the director owned 2,468 shares of the company’s stock, valued at $830,432.64. This represents a 26.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 24,042 shares of company stock valued at $8,247,289 in the last ninety days. Insiders own 0.12% of the company’s stock.

Visa News Summary

Here are the key news stories impacting Visa this week:

Analysts Set New Price Targets

A number of analysts have issued reports on V shares. Macquarie cut their price target on shares of Visa from $425.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. KeyCorp reaffirmed an “overweight” rating and set a $405.00 target price on shares of Visa in a research note on Wednesday, October 22nd. Robert W. Baird set a $425.00 price target on shares of Visa in a research report on Wednesday, October 29th. Cantor Fitzgerald initiated coverage on Visa in a research report on Monday. They set an “overweight” rating and a $400.00 price objective on the stock. Finally, HSBC upgraded Visa from a “hold” rating to a “buy” rating and increased their price objective for the company from $335.00 to $389.00 in a research note on Sunday, December 7th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $401.46.

View Our Latest Research Report on V

Visa Company Profile

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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