Fishman Jay A Ltd. MI grew its position in Visa Inc (NYSE:V) by 0.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 107,860 shares of the credit-card processor’s stock after acquiring an additional 460 shares during the quarter. Visa comprises approximately 3.5% of Fishman Jay A Ltd. MI’s portfolio, making the stock its 13th biggest position. Fishman Jay A Ltd. MI’s holdings in Visa were worth $18,553,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Krane Funds Advisors LLC purchased a new stake in shares of Visa during the second quarter worth approximately $26,000. Lowe Wealth Advisors LLC increased its position in shares of Visa by 114.7% in the second quarter. Lowe Wealth Advisors LLC now owns 161 shares of the credit-card processor’s stock valued at $28,000 after buying an additional 86 shares in the last quarter. Personal Wealth Partners purchased a new position in shares of Visa in the second quarter valued at $30,000. Mcmillion Capital Management Inc. purchased a new position in shares of Visa in the second quarter valued at $38,000. Finally, Hexavest Inc. purchased a new position in shares of Visa in the second quarter valued at $40,000. 80.98% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently weighed in on V shares. Nomura raised their price target on Visa from $178.00 to $204.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Raymond James raised their price target on Visa from $193.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. BMO Capital Markets raised their price target on Visa from $231.00 to $239.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. UBS Group raised their price target on Visa from $183.00 to $187.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, Wedbush set a $187.00 price objective on Visa and gave the company a “buy” rating in a research note on Tuesday, September 24th. Three equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $199.04.
Shares of V traded up $0.54 during trading hours on Friday, reaching $178.97. 3,777,681 shares of the company traded hands, compared to its average volume of 7,614,820. The stock has a fifty day simple moving average of $176.22 and a 200 day simple moving average of $173.43. The company has a quick ratio of 1.69, a current ratio of 1.56 and a debt-to-equity ratio of 0.57. Visa Inc has a fifty-two week low of $121.60 and a fifty-two week high of $187.05. The stock has a market capitalization of $349.90 billion, a PE ratio of 32.90, a price-to-earnings-growth ratio of 1.83 and a beta of 0.94.
Visa (NYSE:V) last issued its quarterly earnings results on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.04. Visa had a return on equity of 42.57% and a net margin of 52.57%. The firm had revenue of $6.14 billion for the quarter, compared to analyst estimates of $6.08 billion. During the same period last year, the company earned $1.21 EPS. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. Research analysts predict that Visa Inc will post 6.21 EPS for the current fiscal year.
The firm also recently declared a dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 14th. Visa’s payout ratio is 18.38%.
Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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