Visa Inc. $V Shares Bought by Stegent Equity Advisors Inc.

Stegent Equity Advisors Inc. grew its stake in shares of Visa Inc. (NYSE:V) by 3.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,263 shares of the credit-card processor’s stock after acquiring an additional 44 shares during the period. Stegent Equity Advisors Inc.’s holdings in Visa were worth $448,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Keystone Global Partners LLC purchased a new position in shares of Visa during the 1st quarter worth approximately $26,000. von Borstel & Associates Inc. purchased a new position in shares of Visa during the 1st quarter worth approximately $27,000. Family Legacy Financial Solutions LLC purchased a new position in shares of Visa during the 2nd quarter worth approximately $28,000. Harbor Asset Planning Inc. purchased a new position in shares of Visa during the 2nd quarter worth approximately $29,000. Finally, Cranbrook Wealth Management LLC increased its stake in shares of Visa by 82.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock worth $32,000 after purchasing an additional 41 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Up 0.1%

Shares of NYSE V opened at $347.71 on Tuesday. Visa Inc. has a 52-week low of $281.35 and a 52-week high of $375.51. The firm has a fifty day moving average of $344.89 and a 200-day moving average of $348.09. The stock has a market capitalization of $637.28 billion, a PE ratio of 33.96, a P/E/G ratio of 2.05 and a beta of 0.90. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The company had revenue of $10.17 billion during the quarter, compared to analysts’ expectations of $9.82 billion. During the same period in the previous year, the company earned $2.42 EPS. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Analyst Upgrades and Downgrades

V has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Visa in a research note on Thursday, July 17th. They set a “buy” rating and a $410.00 price objective for the company. Macquarie raised their price objective on shares of Visa from $380.00 to $425.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. KeyCorp reaffirmed an “overweight” rating and issued a $405.00 target price on shares of Visa in a research note on Wednesday, October 22nd. Wells Fargo & Company raised shares of Visa to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Morgan Stanley lifted their target price on shares of Visa from $386.00 to $402.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $392.75.

Insider Buying and Selling at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction on Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the transaction, the general counsel owned 11,925 shares in the company, valued at approximately $4,102,438.50. The trade was a 14.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the transaction, the chief executive officer owned 537 shares in the company, valued at $183,815.10. The trade was a 95.13% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

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.