Moody Lynn & Lieberson LLC Buys 5,220 Shares of Visa Inc. (NYSE:V)

Moody Lynn & Lieberson LLC lifted its stake in Visa Inc. (NYSE:V) by 10.6% during the fourth quarter, Holdings Channel reports. The fund owned 54,292 shares of the credit-card processor’s stock after acquiring an additional 5,220 shares during the quarter. Visa accounts for 1.1% of Moody Lynn & Lieberson LLC’s holdings, making the stock its 28th largest position. Moody Lynn & Lieberson LLC’s holdings in Visa were worth $17,158,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wallace Advisory Group LLC grew its holdings in Visa by 15.0% in the 2nd quarter. Wallace Advisory Group LLC now owns 5,196 shares of the credit-card processor’s stock valued at $1,364,000 after buying an additional 677 shares during the last quarter. Second Line Capital LLC boosted its position in shares of Visa by 9.7% in the second quarter. Second Line Capital LLC now owns 9,194 shares of the credit-card processor’s stock valued at $2,413,000 after acquiring an additional 814 shares during the period. Invst LLC increased its position in Visa by 21.2% during the second quarter. Invst LLC now owns 4,534 shares of the credit-card processor’s stock worth $1,194,000 after acquiring an additional 793 shares during the period. Quarry LP raised its stake in Visa by 310.5% during the 2nd quarter. Quarry LP now owns 468 shares of the credit-card processor’s stock valued at $123,000 after purchasing an additional 354 shares during the last quarter. Finally, Regal Investment Advisors LLC boosted its holdings in Visa by 3.0% in the 2nd quarter. Regal Investment Advisors LLC now owns 8,583 shares of the credit-card processor’s stock valued at $2,253,000 after purchasing an additional 249 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on V. Mizuho boosted their price objective on shares of Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Piper Sandler boosted their price target on Visa from $322.00 to $368.00 and gave the company an “overweight” rating in a research note on Friday. Jefferies Financial Group raised their price objective on Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. BMO Capital Markets boosted their price objective on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Barclays lifted their price target on shares of Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Four investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $335.52.

Visa Stock Performance

Shares of NYSE:V opened at $334.16 on Tuesday. The business has a fifty day moving average of $314.95 and a 200-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 twelve month low of $252.70 and a twelve month high of $335.49. The firm has a market cap of $622.49 billion, a PE ratio of 34.34, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96.

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

Insider Activity

In other news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, January 2nd. The stock was 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. 0.13% of the stock is owned by insiders.

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.