Northwest Financial Advisors Buys 400 Shares of Visa Inc. (NYSE:V)

Northwest Financial Advisors increased its position in Visa Inc. (NYSE:V) by 13.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,391 shares of the credit-card processor’s stock after acquiring an additional 400 shares during the quarter. Visa comprises about 0.9% of Northwest Financial Advisors’ holdings, making the stock its 28th biggest holding. Northwest Financial Advisors’ holdings in Visa were worth $1,072,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Quarry LP raised its stake in Visa by 310.5% in the second quarter. Quarry LP now owns 468 shares of the credit-card processor’s stock valued at $123,000 after purchasing an additional 354 shares in the last quarter. Advisory Alpha LLC raised its position in shares of Visa by 18.0% during the 2nd quarter. Advisory Alpha LLC now owns 4,055 shares of the credit-card processor’s stock valued at $1,064,000 after buying an additional 620 shares in the last quarter. Granite Bay Wealth Management LLC lifted its holdings in shares of Visa by 90.8% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 3,247 shares of the credit-card processor’s stock worth $852,000 after acquiring an additional 1,545 shares during the last quarter. RiverFront Investment Group LLC grew its position in Visa by 9.8% in the second quarter. RiverFront Investment Group LLC now owns 24,195 shares of the credit-card processor’s stock worth $6,351,000 after acquiring an additional 2,168 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL bought a new position in Visa in the second quarter valued at $322,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

V has been the subject of a number of research reports. Wells Fargo & Company upped their price objective on Visa from $325.00 to $360.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Keefe, Bruyette & Woods increased their price target on shares of Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Robert W. Baird boosted their price objective on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. BMO Capital Markets increased their target price on shares of Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Four 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 company’s stock. Based on data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and an average price target of $335.52.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Visa Stock Performance

Shares of V opened at $336.45 on Thursday. Visa Inc. has a one year low of $252.70 and a one year high of $337.83. The company has a 50-day simple moving average of $315.85 and a two-hundred day simple moving average of $291.78. 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 firm has a market capitalization of $626.76 billion, a PE ratio of 34.58, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96.

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 53.16% and a net margin of 54.96%. 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 11.19 EPS for the current fiscal year.

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.