Capital Asset Advisory Services LLC Grows Position in Visa Inc. (NYSE:V)

Capital Asset Advisory Services LLC increased its position in shares of Visa Inc. (NYSE:V) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,402 shares of the credit-card processor’s stock after buying an additional 148 shares during the period. Capital Asset Advisory Services LLC’s holdings in Visa were worth $5,165,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Decker Retirement Planning Inc. purchased a new position in Visa in the fourth quarter valued at approximately $26,000. Peterson Financial Group Inc. purchased a new position in Visa in the third quarter valued at approximately $26,000. Modus Advisors LLC purchased a new position in shares of Visa during the fourth quarter worth approximately $32,000. Reston Wealth Management LLC purchased a new position in shares of Visa during the third quarter worth approximately $31,000. Finally, Sugar Maple Asset Management LLC purchased a new position in shares of Visa during the fourth quarter worth approximately $44,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Trading Up 0.1 %

Shares of V stock opened at $334.80 on Wednesday. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $337.83. The stock has a market cap of $623.69 billion, a P/E ratio of 34.41, a P/E/G ratio of 2.17 and a beta of 0.96. The business has a fifty day simple moving average of $315.39 and a 200-day simple moving average of $291.29. 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 announced its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. The business had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $2.33 earnings per share. On average, analysts forecast that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

V has been the topic of a number of research reports. Barclays raised their target price on shares of Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Piper Sandler raised their target price on shares of Visa from $322.00 to $368.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Seaport Res Ptn raised Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Finally, Wells Fargo & Company increased their price target on Visa from $325.00 to $360.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Four analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $335.52.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now owns 17,894 shares of the company’s stock, valued at approximately $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 company insiders.

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.