Highview Capital Management LLC DE Increases Position in Visa Inc. (NYSE:V)

Highview Capital Management LLC DE grew its holdings in Visa Inc. (NYSE:V) by 3.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 19,393 shares of the credit-card processor’s stock after buying an additional 639 shares during the period. Visa accounts for approximately 2.2% of Highview Capital Management LLC DE’s portfolio, making the stock its 12th largest position. Highview Capital Management LLC DE’s holdings in Visa were worth $5,332,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in V. Hilltop National Bank purchased a new position in Visa in the first quarter valued at about $1,212,000. Absolute Capital Management LLC purchased a new position in Visa in the first quarter valued at about $404,000. Davidson Capital Management Inc. increased its holdings in Visa by 0.5% in the first quarter. Davidson Capital Management Inc. now owns 9,275 shares of the credit-card processor’s stock valued at $2,588,000 after buying an additional 44 shares in the last quarter. Empirical Finance LLC increased its holdings in Visa by 4.4% in the first quarter. Empirical Finance LLC now owns 45,724 shares of the credit-card processor’s stock valued at $12,761,000 after buying an additional 1,914 shares in the last quarter. Finally, Arjuna Capital increased its holdings in Visa by 0.8% in the second quarter. Arjuna Capital now owns 11,851 shares of the credit-card processor’s stock valued at $3,111,000 after buying an additional 96 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $148,687.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

V has been the subject of a number of research analyst reports. Jefferies Financial Group increased their target price on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft increased their target price on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday. Robert W. Baird raised their price objective on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday. Compass Point initiated coverage on shares of Visa in a research note on Wednesday, September 4th. They set a “buy” rating and a $319.00 price objective for the company. Finally, Oppenheimer reissued an “outperform” rating and set a $321.00 price objective (up from $318.00) on shares of Visa in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong 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 $320.07.

Visa Stock Up 2.9 %

Shares of V opened at $290.16 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. The firm has a market cap of $530.68 billion, a PE ratio of 32.42, a price-to-earnings-growth ratio of 1.95 and a beta of 0.96. The company’s fifty day moving average is $280.09 and its two-hundred day moving average is $273.38. Visa Inc. has a fifty-two week low of $232.99 and a fifty-two week high of $295.78.

Visa (NYSE:V) last posted its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.13. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.33 EPS. Analysts forecast that Visa Inc. will post 9.92 earnings per share for the current year.

About Visa

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.