Visa Inc. $V Shares Sold by Atlatl Advisers LLC

Atlatl Advisers LLC lowered its position in Visa Inc. (NYSE:V) by 6.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 3,946 shares of the credit-card processor’s stock after selling 254 shares during the quarter. Atlatl Advisers LLC’s holdings in Visa were worth $1,401,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Keystone Global Partners LLC acquired a new stake in shares of Visa in the first quarter valued at approximately $26,000. von Borstel & Associates Inc. acquired a new stake in shares of Visa in the first quarter valued at approximately $27,000. Family Legacy Financial Solutions LLC acquired a new position in shares of Visa during the second quarter valued at approximately $28,000. Harbor Asset Planning Inc. bought a new stake in Visa during the second quarter worth approximately $29,000. Finally, Cranbrook Wealth Management LLC lifted its position in Visa by 82.0% in the second 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 during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

V has been the subject of a number of research analyst reports. UBS Group restated a “buy” rating and issued a $415.00 target price (up from $405.00) on shares of Visa in a research report on Wednesday, July 30th. KeyCorp restated an “overweight” rating and issued a $405.00 target price on shares of Visa in a research report on Wednesday, October 22nd. Oppenheimer upped their target price on Visa from $390.00 to $391.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. Truist Financial cut their target price on Visa from $400.00 to $397.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Visa in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $392.75.

Insider Buying and Selling

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the transaction, the general counsel owned 11,925 shares of the company’s stock, valued at approximately $4,102,438.50. This trade represents a 14.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the completion of the transaction, the chief executive officer directly owned 537 shares of the company’s stock, valued at $183,815.10. This represents a 95.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.13% of the company’s stock.

Visa Trading Down 0.1%

Shares of NYSE:V opened at $347.51 on Wednesday. The stock has a market capitalization of $636.92 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 2.06 and a beta of 0.90. Visa Inc. has a 1-year low of $281.35 and a 1-year high of $375.51. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. The company has a 50 day moving average price of $344.99 and a 200 day moving average price of $348.25.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.01. Visa had a net margin of 52.16% and a return on equity of 58.93%. The firm had revenue of $10.72 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same quarter last year, the business posted $2.71 EPS. The company’s revenue was up 11.5% on a year-over-year basis. On average, research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

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.