CFS Investment Advisory Services LLC Has $1.14 Million Position in Visa Inc. (NYSE:V)

CFS Investment Advisory Services LLC grew its position in shares of Visa Inc. (NYSE:V) by 8.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,605 shares of the credit-card processor’s stock after purchasing an additional 271 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in Visa were worth $1,139,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Lantz Financial LLC increased its holdings in Visa by 4.6% in the fourth quarter. Lantz Financial LLC now owns 2,333 shares of the credit-card processor’s stock valued at $737,000 after purchasing an additional 103 shares during the period. Linden Thomas Advisory Services LLC grew its position in shares of Visa by 12.9% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 18,118 shares of the credit-card processor’s stock valued at $5,726,000 after buying an additional 2,069 shares during the last quarter. Cyndeo Wealth Partners LLC increased its stake in shares of Visa by 1.1% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 29,671 shares of the credit-card processor’s stock valued at $9,377,000 after buying an additional 316 shares during the period. Bennett Selby Investments LP raised its position in shares of Visa by 0.4% during the fourth quarter. Bennett Selby Investments LP now owns 54,774 shares of the credit-card processor’s stock worth $17,311,000 after acquiring an additional 227 shares during the last quarter. Finally, Firethorn Wealth Partners LLC lifted its stake in shares of Visa by 4.3% in the fourth quarter. Firethorn Wealth Partners LLC now owns 1,551 shares of the credit-card processor’s stock worth $490,000 after acquiring an additional 64 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on V. Piper Sandler raised their price target on shares of Visa from $322.00 to $368.00 and gave the stock an “overweight” rating in a report on Friday. Macquarie boosted their target price on shares of Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Jefferies Financial Group increased their price target on Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Oppenheimer boosted their price objective on Visa from $321.00 to $375.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Finally, Citigroup raised their target price on Visa from $326.00 to $354.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $335.52.

Visa Stock Up 1.2 %

Shares of NYSE:V opened at $334.16 on Tuesday. The stock has a market cap of $622.49 billion, a price-to-earnings ratio of 34.34, a PEG ratio of 2.17 and a beta of 0.96. The business’s 50 day moving average is $314.95 and its 200 day moving average is $290.79. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $335.49. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last posted its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the prior year, the business posted $2.33 EPS. The business’s revenue was up 11.7% compared to the same quarter last year. On average, sell-side analysts forecast that Visa Inc. will post 11.19 earnings per share for the current fiscal 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.