Visa Inc (V) is Zweig DiMenna Associates LLC’s 4th Largest Position

Zweig DiMenna Associates LLC cut its holdings in Visa Inc (NYSE:V) by 11.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 378,278 shares of the credit-card processor’s stock after selling 47,672 shares during the quarter. Visa accounts for 3.6% of Zweig DiMenna Associates LLC’s investment portfolio, making the stock its 4th biggest holding. Zweig DiMenna Associates LLC’s holdings in Visa were worth $39,810,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of V. Capital Investment Advisors LLC lifted its stake in Visa by 0.5% in the second quarter. Capital Investment Advisors LLC now owns 20,718 shares of the credit-card processor’s stock valued at $1,943,000 after buying an additional 107 shares during the period. Fulton Bank N.A. increased its holdings in shares of Visa by 1.6% during the second quarter. Fulton Bank N.A. now owns 47,089 shares of the credit-card processor’s stock valued at $4,416,000 after acquiring an additional 751 shares in the last quarter. Johanson Financial Advisors Inc. increased its holdings in shares of Visa by 0.8% during the second quarter. Johanson Financial Advisors Inc. now owns 27,874 shares of the credit-card processor’s stock valued at $2,614,000 after acquiring an additional 222 shares in the last quarter. Confluence Investment Management LLC increased its holdings in shares of Visa by 3.0% during the second quarter. Confluence Investment Management LLC now owns 7,095 shares of the credit-card processor’s stock valued at $665,000 after acquiring an additional 209 shares in the last quarter. Finally, CenturyLink Investment Management Co increased its holdings in shares of Visa by 21.9% during the second quarter. CenturyLink Investment Management Co now owns 9,558 shares of the credit-card processor’s stock valued at $896,000 after acquiring an additional 1,720 shares in the last quarter. 81.55% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on V shares. Vetr upgraded Visa from a “hold” rating to a “buy” rating and set a $108.51 price objective for the company in a report on Tuesday, September 26th. Robert W. Baird restated a “buy” rating and set a $122.00 price objective on shares of Visa in a report on Tuesday, September 26th. Cantor Fitzgerald started coverage on Visa in a report on Thursday, September 28th. They set an “overweight” rating and a $120.00 price objective for the company. Buckingham Research started coverage on Visa in a report on Monday, October 2nd. They set a “buy” rating and a $129.00 price objective for the company. Finally, KeyCorp restated a “buy” rating and set a $110.00 price objective on shares of Visa in a report on Wednesday, October 4th. Four analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. Visa presently has an average rating of “Buy” and a consensus price target of $122.03.

Shares of Visa Inc (NYSE V) opened at $122.70 on Friday. Visa Inc has a 1-year low of $81.50 and a 1-year high of $123.65. The stock has a market capitalization of $278,060.00, a price-to-earnings ratio of 43.82, a P/E/G ratio of 1.79 and a beta of 0.99. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.61.

Visa (NYSE:V) last announced its quarterly earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.05. Visa had a return on equity of 31.80% and a net margin of 36.49%. The business had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.63 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. Visa’s revenue was up 13.9% compared to the same quarter last year. analysts forecast that Visa Inc will post 4.08 EPS for the current fiscal year.

In other Visa news, Director Robert W. Matschullat sold 6,220 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $113.76, for a total value of $707,587.20. Following the completion of the transaction, the director now owns 57,368 shares in the company, valued at approximately $6,526,183.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James H. Hoffmeister sold 2,146 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $112.09, for a total value of $240,545.14. Following the completion of the transaction, the senior vice president now owns 687 shares of the company’s stock, valued at approximately $77,005.83. The disclosure for this sale can be found here. Insiders have sold 58,068 shares of company stock valued at $6,597,262 in the last quarter. 0.14% of the stock is currently owned by corporate insiders.

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Visa Company Profile

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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