Excalibur Management Corp Boosts Stake in Visa Inc (NYSE:V)

Excalibur Management Corp lifted its holdings in Visa Inc (NYSE:V) by 4.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 11,590 shares of the credit-card processor’s stock after purchasing an additional 525 shares during the period. Visa makes up approximately 1.8% of Excalibur Management Corp’s holdings, making the stock its 16th largest holding. Excalibur Management Corp’s holdings in Visa were worth $1,994,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. YorkBridge Wealth Partners LLC increased its position in Visa by 2.6% during the third quarter. YorkBridge Wealth Partners LLC now owns 25,057 shares of the credit-card processor’s stock worth $4,310,000 after purchasing an additional 628 shares during the last quarter. Broadleaf Partners LLC increased its position in Visa by 2.5% during the third quarter. Broadleaf Partners LLC now owns 27,266 shares of the credit-card processor’s stock worth $4,690,000 after purchasing an additional 654 shares during the last quarter. Whittier Trust Co. increased its position in Visa by 0.3% during the third quarter. Whittier Trust Co. now owns 402,223 shares of the credit-card processor’s stock worth $69,186,000 after purchasing an additional 1,379 shares during the last quarter. Stephens Inc. AR increased its position in Visa by 3.0% during the third quarter. Stephens Inc. AR now owns 144,272 shares of the credit-card processor’s stock worth $24,816,000 after purchasing an additional 4,214 shares during the last quarter. Finally, Coastline Trust Co increased its position in Visa by 10.5% during the third quarter. Coastline Trust Co now owns 21,511 shares of the credit-card processor’s stock worth $3,700,000 after purchasing an additional 2,045 shares during the last quarter. 80.99% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Vasant M. Prabhu sold 25,051 shares of Visa stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.14, for a total value of $4,537,738.14. Following the completion of the transaction, the insider now owns 62,223 shares in the company, valued at $11,271,074.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lloyd Carney sold 3,500 shares of Visa stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $182.73, for a total transaction of $639,555.00. Following the completion of the transaction, the director now owns 3,452 shares of the company’s stock, valued at approximately $630,783.96. The disclosure for this sale can be found here. 0.17% of the stock is owned by insiders.

Shares of V stock traded up $0.40 during trading on Monday, reaching $176.11. The company’s stock had a trading volume of 2,582,895 shares, compared to its average volume of 8,143,441. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market capitalization of $353.02 billion, a price-to-earnings ratio of 38.20, a P/E/G ratio of 1.83 and a beta of 0.96. The stock’s 50-day moving average price is $177.09 and its 200 day moving average price is $171.45. Visa Inc has a 1-year low of $121.60 and a 1-year high of $187.05.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $5.70 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. On average, sell-side analysts anticipate that Visa Inc will post 5.4 EPS for the current fiscal year.

A number of equities research analysts have weighed in on the stock. ValuEngine cut shares of Visa from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. SunTrust Banks lifted their price target on shares of Visa to $205.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Morgan Stanley lifted their price target on shares of Visa from $175.00 to $191.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Wedbush set a $187.00 price target on shares of Visa and gave the company a “buy” rating in a research report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Visa from $166.00 to $182.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $196.57.

About Visa

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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Institutional Ownership by Quarter for Visa (NYSE:V)

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