Jacobsen Capital Management Sells 145 Shares of Visa Inc. (NYSE:V)

Jacobsen Capital Management lowered its position in Visa Inc. (NYSE:V) by 2.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 4,837 shares of the credit-card processor’s stock after selling 145 shares during the period. Visa accounts for about 0.6% of Jacobsen Capital Management’s holdings, making the stock its 18th biggest position. Jacobsen Capital Management’s holdings in Visa were worth $1,330,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in V. Hilltop National Bank purchased a new position in Visa during the 1st quarter valued at about $1,212,000. Absolute Capital Management LLC purchased a new position in Visa during the 1st quarter valued at about $404,000. Davidson Capital Management Inc. grew its holdings in Visa by 0.5% during the 1st quarter. Davidson Capital Management Inc. now owns 9,275 shares of the credit-card processor’s stock valued at $2,588,000 after buying an additional 44 shares in the last quarter. Empirical Finance LLC grew its holdings in Visa by 4.4% during the 1st quarter. Empirical Finance LLC now owns 45,724 shares of the credit-card processor’s stock valued at $12,761,000 after buying an additional 1,914 shares in the last quarter. Finally, Arjuna Capital grew its holdings in Visa by 0.8% during the 2nd quarter. Arjuna Capital now owns 11,851 shares of the credit-card processor’s stock valued at $3,111,000 after buying an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of research analysts have weighed in on the company. BMO Capital Markets lifted their target price on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday. Citigroup lifted their price target on Visa from $319.00 to $326.00 and gave the company a “buy” rating in a research report on Wednesday. The Goldman Sachs Group reiterated a “buy” rating and set a $317.00 price target on shares of Visa in a research report on Thursday, September 12th. Bank of America lifted their price target on Visa from $279.00 to $308.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Finally, William Blair upgraded Visa to a “strong-buy” rating in a research report on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $320.07.

Visa Price Performance

Shares of V stock opened at $290.16 on Thursday. The stock has a market cap of $530.68 billion, a price-to-earnings ratio of 32.42, a PEG ratio of 1.95 and a beta of 0.96. The business’s fifty day moving average is $280.09 and its 200 day moving average is $273.38. Visa Inc. has a twelve month low of $232.99 and a twelve month high of $295.78. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.13. The company had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.33 earnings per share. Research analysts expect that Visa Inc. will post 9.92 EPS for the current fiscal 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.