Duncan Williams Asset Management LLC Has $3.12 Million Stake in Visa Inc. (NYSE:V)

Duncan Williams Asset Management LLC increased its holdings in Visa Inc. (NYSE:V) by 73.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,860 shares of the credit-card processor’s stock after buying an additional 4,179 shares during the period. Visa makes up 1.2% of Duncan Williams Asset Management LLC’s holdings, making the stock its 18th largest holding. Duncan Williams Asset Management LLC’s holdings in Visa were worth $3,116,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in V. Custom Index Systems LLC acquired a new position in Visa during the third quarter valued at approximately $731,000. Copley Financial Group Inc. acquired a new position in Visa during the third quarter valued at approximately $616,000. Oak Ridge Investments LLC raised its position in Visa by 5.9% during the fourth quarter. Oak Ridge Investments LLC now owns 75,456 shares of the credit-card processor’s stock valued at $23,847,000 after purchasing an additional 4,198 shares in the last quarter. FORA Capital LLC acquired a new position in Visa during the third quarter valued at approximately $7,987,000. Finally, Chicago Capital LLC raised its position in Visa by 5.2% during the third quarter. Chicago Capital LLC now owns 404,914 shares of the credit-card processor’s stock valued at $111,331,000 after purchasing an additional 20,023 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Performance

Shares of V opened at $334.16 on Tuesday. The firm’s fifty day simple moving average is $314.95 and its two-hundred day simple moving average is $290.79. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $335.49. The stock has a market capitalization of $622.49 billion, a P/E ratio of 34.34, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last announced its quarterly earnings data 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. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the prior year, the business earned $2.33 earnings per share. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, analysts predict that Visa Inc. will post 11.19 EPS for the current year.

Insider Activity

In other news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were 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 in the company, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the subject of several research analyst reports. TD Cowen boosted their price objective on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Jefferies Financial Group boosted their target price on shares of Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. BMO Capital Markets boosted their target price on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Robert W. Baird boosted their target price on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Barclays boosted their target price on shares of Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Four investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $335.52.

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.