Buckley Wealth Management LLC Has $330,000 Stock Position in Visa Inc (NYSE:V)

Buckley Wealth Management LLC lowered its position in shares of Visa Inc (NYSE:V) by 31.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,919 shares of the credit-card processor’s stock after selling 878 shares during the quarter. Buckley Wealth Management LLC’s holdings in Visa were worth $330,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lord Abbett & CO. LLC increased its holdings in Visa by 18.2% in the fourth quarter. Lord Abbett & CO. LLC now owns 681,996 shares of the credit-card processor’s stock valued at $89,983,000 after buying an additional 104,934 shares in the last quarter. Signet Financial Management LLC increased its holdings in Visa by 3.8% in the fourth quarter. Signet Financial Management LLC now owns 2,836 shares of the credit-card processor’s stock valued at $374,000 after buying an additional 105 shares in the last quarter. Semmax Financial Advisors Inc. purchased a new position in Visa in the fourth quarter valued at about $347,000. Foresters Investment Management Company Inc. increased its holdings in Visa by 18.7% in the fourth quarter. Foresters Investment Management Company Inc. now owns 109,642 shares of the credit-card processor’s stock valued at $14,466,000 after buying an additional 17,300 shares in the last quarter. Finally, Lunia Capital LP increased its holdings in Visa by 13,370.7% in the fourth quarter. Lunia Capital LP now owns 23,454,446 shares of the credit-card processor’s stock valued at $23,454,000 after buying an additional 23,280,332 shares in the last quarter. 80.99% of the stock is owned by institutional investors.

In related news, insider Vasant M. Prabhu sold 25,051 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.14, for a total transaction of $4,537,738.14. Following the sale, the insider now owns 62,223 shares in the company, valued at $11,271,074.22. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lloyd Carney sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $182.73, for a total transaction of $639,555.00. Following the sale, the director now owns 3,452 shares in the company, valued at approximately $630,783.96. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by company insiders.

V has been the subject of a number of research analyst reports. Barclays increased their target price on shares of Visa from $181.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, July 19th. UBS Group increased their target price on shares of Visa from $183.00 to $187.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Zacks Investment Research lowered shares of Visa from a “buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a research report on Saturday, June 15th. ValuEngine lowered shares of Visa from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Finally, Guggenheim increased their price target on shares of Visa from $178.00 to $190.00 and gave the company a “positive” rating in a research report on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $196.57.

Shares of V stock traded up $2.18 during trading hours on Friday, hitting $177.06. The company’s stock had a trading volume of 599,788 shares, compared to its average volume of 8,476,525. The business has a fifty day moving average of $177.10 and a 200-day moving average of $170.53. The stock has a market cap of $353.87 billion, a price-to-earnings ratio of 38.41, a P/E/G ratio of 1.77 and a beta of 0.96. Visa Inc has a twelve month low of $121.60 and a twelve month high of $187.05. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.57.

Visa (NYSE:V) last announced its earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.04. Visa had a net margin of 53.43% and a return on equity of 41.04%. The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same quarter last year, the business earned $1.20 earnings per share. Visa’s revenue was up 11.5% compared to the same quarter last year. On average, equities analysts expect that Visa Inc will post 5.41 EPS for the current fiscal year.

About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

Read More: Bar Chart

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc (NYSE:V).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.