FormulaFolio Investments LLC grew its stake in shares of Visa Inc (NYSE:V) by 16.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,662 shares of the credit-card processor’s stock after buying an additional 1,759 shares during the period. FormulaFolio Investments LLC’s holdings in Visa were worth $2,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently added to or reduced their stakes in V. Advisor Group Holdings Inc. bought a new stake in shares of Visa during the first quarter valued at approximately $102,656,000. Nordea Investment Management AB increased its position in Visa by 136.6% in the second quarter. Nordea Investment Management AB now owns 7,031,720 shares of the credit-card processor’s stock worth $1,344,816,000 after purchasing an additional 4,059,677 shares during the last quarter. Lone Pine Capital LLC bought a new stake in Visa in the first quarter worth $536,526,000. BlackRock Inc. increased its position in Visa by 2.3% in the second quarter. BlackRock Inc. now owns 126,278,384 shares of the credit-card processor’s stock worth $24,393,195,000 after purchasing an additional 2,819,598 shares during the last quarter. Finally, Capital International Investors increased its position in Visa by 6.1% in the first quarter. Capital International Investors now owns 21,881,462 shares of the credit-card processor’s stock worth $3,525,557,000 after purchasing an additional 1,250,002 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.
In related news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the company’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $195.00, for a total value of $1,365,000.00. Following the completion of the sale, the chief executive officer now directly owns 130,090 shares of the company’s stock, valued at $25,367,550. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Rajat Taneja sold 45,036 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $210.00, for a total transaction of $9,457,560.00. Insiders have sold 118,122 shares of company stock valued at $24,748,541 over the last three months. Insiders own 0.19% of the company’s stock.
Shares of V opened at $200.26 on Friday. The firm has a market capitalization of $388.98 billion, a P/E ratio of 38.14, a P/E/G ratio of 3.05 and a beta of 0.90. Visa Inc has a 12-month low of $133.93 and a 12-month high of $217.35. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.59. The firm has a fifty day moving average price of $203.88 and a 200-day moving average price of $191.62.
Visa (NYSE:V) last issued its earnings results on Tuesday, July 28th. The credit-card processor reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.05. The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.85 billion. Visa had a net margin of 51.37% and a return on equity of 40.65%. The business’s revenue was down 18.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.37 earnings per share. Analysts predict that Visa Inc will post 5.01 earnings per share for the current year.
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.
Recommended Story: What’s a Black Swan?
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).
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.