UNIVEST FINANCIAL Corp decreased its position in Visa Inc (NYSE:V) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,206 shares of the credit-card processor’s stock after selling 132 shares during the quarter. Visa makes up approximately 1.9% of UNIVEST FINANCIAL Corp’s portfolio, making the stock its 13th largest position. UNIVEST FINANCIAL Corp’s holdings in Visa were worth $5,835,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Foundations Investment Advisors LLC boosted its holdings in shares of Visa by 2.9% in the 1st quarter. Foundations Investment Advisors LLC now owns 5,750 shares of the credit-card processor’s stock worth $880,000 after buying an additional 161 shares during the last quarter. Blair William & Co. IL lifted its holdings in Visa by 0.3% during the fourth quarter. Blair William & Co. IL now owns 2,653,438 shares of the credit-card processor’s stock valued at $498,581,000 after purchasing an additional 7,371 shares during the last quarter. Pantheon Investment Group LLC purchased a new stake in Visa during the fourth quarter valued at about $1,715,000. Private Portfolio Partners LLC lifted its holdings in Visa by 6.4% during the first quarter. Private Portfolio Partners LLC now owns 3,881 shares of the credit-card processor’s stock valued at $625,000 after purchasing an additional 233 shares during the last quarter. Finally, Alesco Advisors LLC lifted its holdings in Visa by 384.2% during the fourth quarter. Alesco Advisors LLC now owns 7,316 shares of the credit-card processor’s stock valued at $1,375,000 after purchasing an additional 5,805 shares during the last quarter. Hedge funds and other institutional investors own 81.59% of the company’s stock.
V has been the topic of several research analyst reports. Barclays decreased their price objective on shares of Visa from $230.00 to $209.00 and set an “overweight” rating on the stock in a research report on Thursday, March 26th. Citigroup increased their price target on shares of Visa from $205.00 to $223.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. BMO Capital Markets reduced their price target on shares of Visa from $234.00 to $213.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. Morgan Stanley increased their price target on shares of Visa from $183.00 to $196.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, KeyCorp reduced their price target on shares of Visa from $220.00 to $190.00 and set an “overweight” rating on the stock in a research report on Monday, March 23rd. Five research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Visa presently has a consensus rating of “Buy” and an average price target of $206.93.
Shares of V stock traded down $2.16 during trading hours on Thursday, reaching $192.91. 151,708 shares of the company traded hands, compared to its average volume of 8,281,282. Visa Inc has a 12-month low of $133.93 and a 12-month high of $214.17. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $377.43 billion, a P/E ratio of 34.90, a P/E/G ratio of 3.08 and a beta of 0.92. The firm has a 50-day moving average price of $193.92 and a 200 day moving average price of $186.45.
Visa (NYSE:V) last posted its quarterly earnings results on Thursday, April 30th. The credit-card processor reported $1.39 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.04. Visa had a return on equity of 43.45% and a net margin of 52.26%. The company had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.75 billion. During the same period in the previous year, the firm earned $1.31 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. Sell-side analysts predict that Visa Inc will post 5 EPS for the current year.
In other news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $191.49, for a total transaction of $1,340,430.00. Following the sale, the chief executive officer now directly owns 133,090 shares of the company’s stock, valued at approximately $25,485,404.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Rajat Taneja sold 3,279 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $202.02, for a total value of $662,423.58. Following the sale, the insider now directly owns 221,282 shares in the company, valued at $44,703,389.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,429 shares of company stock worth $9,654,214. 0.19% of the stock is owned by insiders.
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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