Ramsay Stattman Vela & Price Inc. Decreases Stake in Visa Inc. (NYSE:V)

Ramsay Stattman Vela & Price Inc. reduced its position in Visa Inc. (NYSE:V) by 0.6% in the third quarter, Holdings Channel.com reports. The fund owned 55,452 shares of the credit-card processor’s stock after selling 307 shares during the quarter. Visa makes up about 2.8% of Ramsay Stattman Vela & Price Inc.’s holdings, making the stock its 9th biggest holding. Ramsay Stattman Vela & Price Inc.’s holdings in Visa were worth $15,247,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC raised its holdings in shares of Visa by 45,189.4% in the 3rd quarter. International Assets Investment Management LLC now owns 9,758,505 shares of the credit-card processor’s stock valued at $2,683,101,000 after acquiring an additional 9,736,958 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Visa by 4,412.3% during the third quarter. SG Americas Securities LLC now owns 4,072,467 shares of the credit-card processor’s stock worth $1,119,725,000 after purchasing an additional 4,166,905 shares in the last quarter. National Bank of Canada FI increased its position in shares of Visa by 787.1% in the first quarter. National Bank of Canada FI now owns 4,619,881 shares of the credit-card processor’s stock worth $1,296,820,000 after purchasing an additional 4,099,122 shares during the last quarter. Swedbank AB purchased a new stake in Visa in the first quarter valued at approximately $511,321,000. Finally, GQG Partners LLC lifted its position in Visa by 40.1% during the first quarter. GQG Partners LLC now owns 5,990,634 shares of the credit-card processor’s stock valued at $1,671,866,000 after purchasing an additional 1,715,686 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

Shares of V opened at $290.16 on Thursday. The company has a 50-day simple moving average of $280.09 and a two-hundred day simple moving average of $273.38. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market capitalization of $530.68 billion, a PE ratio of 32.42, a price-to-earnings-growth ratio of 1.95 and a beta of 0.96. Visa Inc. has a one year low of $232.99 and a one year high of $295.78.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.13. The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.33 earnings per share. On average, analysts anticipate that Visa Inc. will post 9.92 EPS for the current fiscal year.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the completion of the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $148,687.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on V. The Goldman Sachs Group restated a “buy” rating and set a $317.00 price objective on shares of Visa in a research report on Thursday, September 12th. Compass Point began coverage on Visa in a research report on Wednesday, September 4th. They set a “buy” rating and a $319.00 price target on the stock. William Blair upgraded Visa to a “strong-buy” rating in a report on Tuesday, July 23rd. Citigroup raised their price objective on Visa from $319.00 to $326.00 and gave the company a “buy” rating in a report on Wednesday. Finally, StockNews.com raised Visa from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $320.07.

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.