Pacer Advisors Inc. Lowers Stock Position in Visa Inc. (NYSE:V)

Pacer Advisors Inc. trimmed its position in Visa Inc. (NYSE:V) by 14.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,884 shares of the credit-card processor’s stock after selling 25,224 shares during the quarter. Pacer Advisors Inc.’s holdings in Visa were worth $45,473,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in V. Quarry LP boosted its position in shares of 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 acquiring an additional 354 shares during the last quarter. Advisory Alpha LLC boosted its holdings 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 purchasing an additional 620 shares during the last quarter. Granite Bay Wealth Management LLC grew its position in shares of Visa by 90.8% during the second quarter. Granite Bay Wealth Management LLC now owns 3,247 shares of the credit-card processor’s stock valued at $852,000 after purchasing an additional 1,545 shares in the last quarter. RiverFront Investment Group LLC increased its holdings 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 purchasing an additional 2,168 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Visa in the second quarter worth about $322,000. Institutional investors own 82.15% of the company’s stock.

Visa Trading Up 0.6 %

NYSE:V opened at $336.45 on Thursday. The firm has a 50-day simple moving average of $315.85 and a 200-day simple moving average of $291.78. Visa Inc. has a one year low of $252.70 and a one year high of $337.83. The firm has a market cap of $626.76 billion, a P/E ratio of 34.58, a P/E/G ratio of 2.17 and a beta of 0.96. 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 posted its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company 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 earned $2.33 earnings per share. Visa’s revenue was up 11.7% on a year-over-year basis. Equities analysts anticipate that Visa Inc. will post 11.19 EPS for the current fiscal year.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the business’s 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 in the company, valued at $5,510,815.18. The trade was 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.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on V. Macquarie lifted their price objective on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Bank of America upped their price target on shares of Visa from $314.00 to $331.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Oppenheimer lifted their price objective on shares of Visa from $321.00 to $375.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. 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 report on Wednesday, October 30th. Finally, Morgan Stanley increased their price target on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $335.52.

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.