Visa Inc (NYSE:V) Shares Acquired by Nachman Norwood & Parrott Inc

Nachman Norwood & Parrott Inc grew its holdings in Visa Inc (NYSE:V) by 23.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,566 shares of the credit-card processor’s stock after purchasing an additional 854 shares during the quarter. Nachman Norwood & Parrott Inc’s holdings in Visa were worth $785,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in V. Lunia Capital LP lifted its stake in shares of Visa by 13,370.7% during the fourth quarter. Lunia Capital LP now owns 23,454,446 shares of the credit-card processor’s stock valued at $23,454,000 after buying an additional 23,280,332 shares during the period. Nuveen Asset Management LLC lifted its stake in shares of Visa by 3,715.7% during the second quarter. Nuveen Asset Management LLC now owns 16,291,965 shares of the credit-card processor’s stock valued at $2,827,471,000 after buying an additional 15,864,991 shares during the period. Thoroughbred Financial Services LLC lifted its stake in shares of Visa by 17,806.8% during the second quarter. Thoroughbred Financial Services LLC now owns 3,346,951 shares of the credit-card processor’s stock valued at $334,695,000 after buying an additional 3,328,260 shares during the period. BlackRock Inc. lifted its stake in shares of Visa by 2.3% during the second quarter. BlackRock Inc. now owns 123,791,138 shares of the credit-card processor’s stock valued at $21,483,952,000 after buying an additional 2,773,330 shares during the period. Finally, Prudential Financial Inc. lifted its stake in shares of Visa by 92.0% during the second quarter. Prudential Financial Inc. now owns 3,898,728 shares of the credit-card processor’s stock valued at $676,625,000 after buying an additional 1,868,089 shares during the period. 80.99% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently issued reports on V. Guggenheim upped their price objective on shares of Visa from $178.00 to $190.00 and gave the company a “positive” rating in a research note on Wednesday, July 24th. SunTrust Banks increased their price target on shares of Visa to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Citigroup increased their price target on shares of Visa from $185.00 to $206.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Nomura increased their price target on shares of Visa from $178.00 to $204.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Zacks Investment Research downgraded shares of Visa from a “buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a research note on Saturday, June 15th. Three research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $196.57.



In other Visa news, Director Denise M. Morrison acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of $171.13 per share, with a total value of $171,130.00. Following the completion of the transaction, the director now directly owns 3,223 shares of the company’s stock, valued at $551,551.99. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Vasant M. Prabhu sold 25,051 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.14, for a total transaction of $4,537,738.14. Following the completion of the sale, the insider now directly owns 62,223 shares of the company’s stock, valued at approximately $11,271,074.22. The disclosure for this sale can be found here. 0.17% of the stock is owned by corporate insiders.

NYSE:V traded up $2.46 during trading hours on Wednesday, reaching $174.88. 6,277,390 shares of the company were exchanged, compared to its average volume of 7,687,087. Visa Inc has a 52-week low of $121.60 and a 52-week high of $187.05. The stock has a 50 day simple moving average of $177.29 and a 200 day simple moving average of $170.32. The firm has a market cap of $349.13 billion, a price-to-earnings ratio of 37.93, a PEG ratio of 1.81 and a beta of 0.96. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.69 and a quick ratio of 1.69.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.04. Visa had a net margin of 53.43% and a return on equity of 41.04%. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. During the same quarter in the prior year, the business earned $1.20 earnings per share. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. On average, analysts predict that Visa Inc will post 5.4 EPS for the current fiscal year.

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.

Recommended Story: What is the significance of the death cross?

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc (NYSE:V).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.