TTP Investments Inc. Acquires 429 Shares of Visa Inc. (NYSE:V)

TTP Investments Inc. increased its holdings in Visa Inc. (NYSE:V) by 51.6% during the 4th quarter, HoldingsChannel reports. The firm owned 1,261 shares of the credit-card processor’s stock after buying an additional 429 shares during the period. Visa accounts for approximately 0.1% of TTP Investments Inc.’s portfolio, making the stock its 27th largest position. TTP Investments Inc.’s holdings in Visa were worth $399,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Custom Index Systems LLC bought a new position in Visa during the third quarter valued at $731,000. Copley Financial Group Inc. purchased a new stake in shares of Visa during the third quarter valued at $616,000. Oak Ridge Investments LLC boosted its stake in shares of Visa by 5.9% during the fourth quarter. Oak Ridge Investments LLC now owns 75,456 shares of the credit-card processor’s stock valued at $23,847,000 after purchasing an additional 4,198 shares during the period. FORA Capital LLC purchased a new stake in shares of Visa during the third quarter valued at $7,987,000. Finally, Chicago Capital LLC boosted its stake in shares of Visa by 5.2% during the third quarter. Chicago Capital LLC now owns 404,914 shares of the credit-card processor’s stock valued at $111,331,000 after purchasing an additional 20,023 shares during the period. Institutional investors own 82.15% of the company’s stock.

Visa Trading Up 1.2 %

Shares of NYSE:V opened at $334.16 on Tuesday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $335.49. The firm has a market capitalization of $622.49 billion, a price-to-earnings ratio of 34.34, 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. The business’s 50 day moving average price is $314.95 and its 200-day moving average price is $290.79.

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 analysts’ consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter last year, the firm posted $2.33 EPS. The business’s revenue was up 11.7% on a year-over-year basis. On average, equities research analysts forecast that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on V shares. Mizuho upped their price objective on shares of Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Wells Fargo & Company upped their price objective on shares of Visa from $325.00 to $360.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. BMO Capital Markets upped their price objective on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Jefferies Financial Group upped their price objective on shares of Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Citigroup upped their price objective on shares of Visa from $326.00 to $354.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $335.52.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

About Visa

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.