Duncan Williams Asset Management LLC Has $3.12 Million Stock Position in Visa Inc. (NYSE:V)

Duncan Williams Asset Management LLC raised its position in Visa Inc. (NYSE:V - Free Report) by 73.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,860 shares of the credit-card processor's stock after purchasing an additional 4,179 shares during the quarter. Visa accounts for approximately 1.2% of Duncan Williams Asset Management LLC's portfolio, making the stock its 18th largest holding. Duncan Williams Asset Management LLC's holdings in Visa were worth $3,116,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Custom Index Systems LLC purchased a new position in Visa in the 3rd quarter valued at about $731,000. Copley Financial Group Inc. bought a new position in Visa during the third quarter worth $616,000. Oak Ridge Investments LLC lifted its stake in Visa by 5.9% during the fourth quarter. Oak Ridge Investments LLC now owns 75,456 shares of the credit-card processor's stock worth $23,847,000 after purchasing an additional 4,198 shares during the last quarter. FORA Capital LLC acquired a new position in Visa in the third quarter worth $7,987,000. Finally, Chicago Capital LLC increased its stake in Visa by 5.2% during the third quarter. Chicago Capital LLC now owns 404,914 shares of the credit-card processor's stock valued at $111,331,000 after purchasing an additional 20,023 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now owns 17,894 shares of the company's stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

Visa Stock Up 0.4 %

NYSE V traded up $1.40 during trading on Tuesday, reaching $335.94. 3,955,789 shares of the company's stock were exchanged, compared to its average volume of 5,532,722. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $337.83. The company's fifty day simple moving average is $315.39 and its 200-day simple moving average is $291.29. The firm has a market capitalization of $625.81 billion, a PE ratio of 34.53, a P/E/G ratio of 2.17 and a beta of 0.96.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating analysts' consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the previous year, the firm posted $2.33 earnings per share. The firm's revenue was up 11.7% on a year-over-year basis. Sell-side analysts predict that Visa Inc. will post 11.19 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Seaport Res Ptn raised shares of Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Barclays upped their target price on Visa from $319.00 to $347.00 and gave the company an "overweight" rating in a report on Monday, November 4th. TD Cowen raised their price target on Visa from $318.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Wells Fargo & Company upped their price objective on Visa from $325.00 to $360.00 and gave the stock an "overweight" rating in a research note on Friday, January 3rd. Finally, Robert W. Baird boosted their price target on shares of Visa from $330.00 to $340.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $335.52.

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.