Carl Stuart Investment Advisor Inc. Buys New Shares in Visa Inc. (NYSE:V)

Carl Stuart Investment Advisor Inc. purchased a new position in Visa Inc. (NYSE:V) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 1,058 shares of the credit-card processor’s stock, valued at approximately $291,000. Visa accounts for 0.2% of Carl Stuart Investment Advisor Inc.’s holdings, making the stock its 12th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Prentiss Smith & Co. Inc. increased its holdings in shares of Visa by 1.0% during the third quarter. Prentiss Smith & Co. Inc. now owns 4,225 shares of the credit-card processor’s stock valued at $1,162,000 after acquiring an additional 42 shares in the last quarter. James Hambro & Partners LLP raised its holdings in Visa by 7.0% during the third quarter. James Hambro & Partners LLP now owns 480,453 shares of the credit-card processor’s stock worth $132,043,000 after buying an additional 31,589 shares during the last quarter. Marino Stram & Associates LLC lifted its stake in shares of Visa by 3.8% in the third quarter. Marino Stram & Associates LLC now owns 3,547 shares of the credit-card processor’s stock valued at $975,000 after buying an additional 131 shares in the last quarter. Castleview Partners LLC grew its holdings in shares of Visa by 4.0% during the third quarter. Castleview Partners LLC now owns 6,442 shares of the credit-card processor’s stock valued at $1,771,000 after buying an additional 246 shares during the last quarter. Finally, Arlington Partners LLC increased its position in shares of Visa by 26.2% during the third quarter. Arlington Partners LLC now owns 14,421 shares of the credit-card processor’s stock worth $3,965,000 after acquiring an additional 2,991 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

V has been the topic of several recent research reports. Royal Bank of Canada dropped their price target on shares of Visa from $315.00 to $311.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Robert W. Baird raised their target price on Visa from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. BNP Paribas upgraded Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price target for the company in a report on Tuesday, September 3rd. JPMorgan Chase & Co. raised their price objective on Visa from $290.00 to $320.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $322.00 target price on shares of Visa in a research note on Wednesday, September 25th. Four analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $314.19.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $148,687.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.19% of the stock is owned by company insiders.

Visa Trading Down 1.3 %

NYSE:V opened at $286.85 on Tuesday. Visa Inc. has a 1 year low of $228.03 and a 1 year high of $293.07. The stock’s fifty day moving average price is $277.45 and its two-hundred day moving average price is $272.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market cap of $524.63 billion, a P/E ratio of 32.05, a P/E/G ratio of 2.00 and a beta of 0.96.

Visa (NYSE:V) last issued its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, hitting the consensus estimate of $2.42. Visa had a return on equity of 51.94% and a net margin of 54.72%. The business had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.92 billion. During the same quarter last year, the company earned $2.16 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. As a group, analysts expect that Visa Inc. will post 9.92 EPS for the current year.

Visa Company 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.