Visa Inc. (NYSE:V) Shares Purchased by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC grew its position in shares of Visa Inc. (NYSE:V) by 24.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,292 shares of the credit-card processor’s stock after purchasing an additional 2,650 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Visa were worth $4,201,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP lifted its position in Visa by 310.5% during the second quarter. Quarry LP now owns 468 shares of the credit-card processor’s stock worth $123,000 after buying an additional 354 shares during the period. Advisory Alpha LLC increased its stake in shares of Visa by 18.0% during the 2nd quarter. Advisory Alpha LLC now owns 4,055 shares of the credit-card processor’s stock valued at $1,064,000 after acquiring an additional 620 shares during the last quarter. Granite Bay Wealth Management LLC lifted its holdings in shares of Visa by 90.8% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 3,247 shares of the credit-card processor’s stock worth $852,000 after acquiring an additional 1,545 shares during the period. RiverFront Investment Group LLC boosted its position in shares of Visa by 9.8% in the second quarter. RiverFront Investment Group LLC now owns 24,195 shares of the credit-card processor’s stock worth $6,351,000 after acquiring an additional 2,168 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Visa in the second quarter valued at approximately $322,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Performance

Shares of V stock opened at $336.45 on Thursday. The stock has a market capitalization of $626.76 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 2.17 and a beta of 0.96. Visa Inc. has a one year low of $252.70 and a one year high of $337.83. The company’s 50-day simple moving average is $315.85 and its 200-day simple moving average is $291.78. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on V. Barclays lifted their price target on shares of Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Morgan Stanley boosted their price target on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Robert W. Baird boosted their target price on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada raised their price target on shares of Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $335.52.

Insider Buying and Selling at Visa

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

Visa Company 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.