Crescent Grove Advisors LLC Grows Position in Visa Inc. (NYSE:V)

Crescent Grove Advisors LLC increased its position in shares of Visa Inc. (NYSE:V) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,437 shares of the credit-card processor’s stock after purchasing an additional 31 shares during the period. Crescent Grove Advisors LLC’s holdings in Visa were worth $454,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of V. Marshall Financial Group LLC boosted its holdings in shares of Visa by 1.3% in the 4th quarter. Marshall Financial Group LLC now owns 11,931 shares of the credit-card processor’s stock valued at $3,771,000 after buying an additional 152 shares in the last quarter. Regency Capital Management Inc. DE boosted its position in shares of Visa by 2.2% in the 4th quarter. Regency Capital Management Inc. DE now owns 11,304 shares of the credit-card processor’s stock worth $3,573,000 after buying an additional 243 shares in the last quarter. First Citizens Bank & Trust Co. increased its stake in shares of Visa by 1.1% during the 4th quarter. First Citizens Bank & Trust Co. now owns 63,574 shares of the credit-card processor’s stock worth $20,092,000 after purchasing an additional 668 shares in the last quarter. Archford Capital Strategies LLC raised its stake in Visa by 1.3% in the 4th quarter. Archford Capital Strategies LLC now owns 34,469 shares of the credit-card processor’s stock valued at $10,894,000 after purchasing an additional 451 shares during the last quarter. Finally, Duncan Williams Asset Management LLC boosted its holdings in shares of Visa by 73.6% during the fourth quarter. Duncan Williams Asset Management LLC now owns 9,860 shares of the credit-card processor’s stock worth $3,116,000 after purchasing an additional 4,179 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

V has been the topic of several analyst reports. Morgan Stanley raised their target price on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Macquarie boosted their target price on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Bank of America lifted their price target on shares of Visa from $314.00 to $331.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft lifted their target price on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Susquehanna boosted their price target on Visa from $339.00 to $375.00 and gave the company a “positive” rating in a research note on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and a consensus price target of $335.52.

Visa Stock Performance

V opened at $334.80 on Wednesday. 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 company has a 50 day simple moving average of $315.39 and a two-hundred day simple moving average of $291.29. The firm has a market cap of $623.69 billion, a P/E ratio of 34.41, a PEG ratio of 2.17 and a beta of 0.96. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $337.83.

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. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter last year, the business posted $2.33 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities analysts forecast that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the business’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 transaction of $668,602.87. Following the sale, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently 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.