DeDora Capital Inc. Raises Position in Visa Inc (NYSE:V)

Share on StockTwits

DeDora Capital Inc. raised its holdings in shares of Visa Inc (NYSE:V) by 15.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,831 shares of the credit-card processor’s stock after acquiring an additional 1,026 shares during the quarter. DeDora Capital Inc.’s holdings in Visa were worth $1,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Berkeley Capital Partners LLC increased its holdings in Visa by 1.5% in the 2nd quarter. Berkeley Capital Partners LLC now owns 3,939 shares of the credit-card processor’s stock valued at $684,000 after acquiring an additional 57 shares during the last quarter. Enterprise Financial Services Corp increased its holdings in Visa by 0.8% in the 2nd quarter. Enterprise Financial Services Corp now owns 7,649 shares of the credit-card processor’s stock valued at $1,328,000 after acquiring an additional 59 shares during the last quarter. Radnor Capital Management LLC increased its holdings in Visa by 0.8% in the 2nd quarter. Radnor Capital Management LLC now owns 8,060 shares of the credit-card processor’s stock valued at $1,399,000 after acquiring an additional 60 shares during the last quarter. Peninsula Wealth LLC increased its holdings in Visa by 0.8% in the 2nd quarter. Peninsula Wealth LLC now owns 7,608 shares of the credit-card processor’s stock valued at $1,319,000 after acquiring an additional 61 shares during the last quarter. Finally, Atlantic Union Bankshares Corp increased its holdings in shares of Visa by 0.7% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 8,932 shares of the credit-card processor’s stock worth $1,536,000 after buying an additional 61 shares during the last quarter. Institutional investors and hedge funds own 80.99% of the company’s stock.

A number of research firms have recently weighed in on V. Deutsche Bank boosted their target price on shares of Visa from $177.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Raymond James boosted their target price on shares of Visa from $177.00 to $193.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Piper Jaffray Companies set a $207.00 target price on shares of Visa and gave the stock a “buy” rating in a report on Wednesday, July 24th. Nomura boosted their target price on shares of Visa from $178.00 to $204.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Visa from $166.00 to $182.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $196.57.

Shares of V stock traded up $2.98 during trading hours on Thursday, reaching $174.30. 965,057 shares of the stock were exchanged, compared to its average volume of 7,604,559. Visa Inc has a 12-month low of $121.60 and a 12-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. The company’s 50-day moving average price is $176.43 and its 200-day moving average price is $171.87. The firm has a market capitalization of $338.97 billion, a price-to-earnings ratio of 37.81, a price-to-earnings-growth ratio of 1.76 and a beta of 0.96.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $5.70 billion. During the same period in the previous year, the company earned $1.20 EPS. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. On average, sell-side analysts expect that Visa Inc will post 5.4 EPS for the current year.

In related news, Director Denise M. Morrison acquired 1,000 shares of the stock in a transaction on Tuesday, August 6th. The stock was bought at an average cost of $171.13 per share, with a total value of $171,130.00. Following the transaction, the director now directly owns 3,223 shares in the company, valued at $551,551.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vasant M. Prabhu sold 25,051 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 62,223 shares of the company’s stock, valued at $11,271,074.22. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.

Visa Profile

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: After-Hours Trading

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.



Latest News

Azure Power Global Ltd  Receives $20.55 Consensus Target Price from Analysts
Azure Power Global Ltd Receives $20.55 Consensus Target Price from Analysts
-$0.50 EPS Expected for Allakos Inc  This Quarter
-$0.50 EPS Expected for Allakos Inc This Quarter
Prime-XI Price Hits $0.0001 on Major Exchanges
Prime-XI Price Hits $0.0001 on Major Exchanges
PAC Global  Price Tops $0.0002 on Exchanges
PAC Global Price Tops $0.0002 on Exchanges
InsaneCoin  Tops 24 Hour Volume of $209.00
InsaneCoin Tops 24 Hour Volume of $209.00
Briggs & Stratton Co.  Expected to Post Quarterly Sales of $454.23 Million
Briggs & Stratton Co. Expected to Post Quarterly Sales of $454.23 Million


© 2006-2019 Ticker Report