Hillsdale Investment Management Inc. Raises Stake in Visa Inc. (NYSE:V)

Hillsdale Investment Management Inc. increased its stake in Visa Inc. (NYSE:V) by 3.5% during the first quarter, according to its most recent filing with the SEC. The fund owned 2,166 shares of the credit-card processor’s stock after buying an additional 73 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Visa were worth $604,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in V. BKM Wealth Management LLC bought a new position in shares of Visa in the fourth quarter worth approximately $236,000. Lantz Financial LLC boosted its stake in shares of Visa by 3.6% during the fourth quarter. Lantz Financial LLC now owns 1,614 shares of the credit-card processor’s stock valued at $420,000 after purchasing an additional 56 shares during the period. Willis Johnson & Associates Inc. purchased a new stake in shares of Visa during the fourth quarter valued at approximately $270,000. Everhart Financial Group Inc. boosted its stake in shares of Visa by 15.3% during the fourth quarter. Everhart Financial Group Inc. now owns 7,202 shares of the credit-card processor’s stock valued at $1,875,000 after purchasing an additional 953 shares during the period. Finally, Norway Savings Bank boosted its stake in shares of Visa by 2.3% during the fourth quarter. Norway Savings Bank now owns 3,632 shares of the credit-card processor’s stock valued at $946,000 after purchasing an additional 82 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The disclosure for this sale can be found here. 0.19% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently commented on V shares. Macquarie raised their price target on Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Oppenheimer increased their price objective on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. decreased their price objective on Visa from $302.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, July 18th. UBS Group increased their price objective on Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, TD Cowen started coverage on Visa in a report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price objective for the company. Six analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $304.72.

Visa Stock Performance

Shares of NYSE V traded down $2.65 during trading hours on Tuesday, reaching $265.06. The stock had a trading volume of 1,866,989 shares, compared to its average volume of 6,810,535. The firm has a 50-day moving average of $271.77 and a 200-day moving average of $274.50. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. The firm has a market cap of $484.78 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 1.85 and a beta of 0.95. Visa Inc. has a fifty-two week low of $227.68 and a fifty-two week high of $290.96.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. The firm had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.09 EPS. Equities research analysts predict that Visa Inc. will post 9.94 earnings per share for the current 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.