Dock Street Asset Management Inc. Buys 3,376 Shares of Visa Inc. (V)

Dock Street Asset Management Inc. raised its stake in shares of Visa Inc. (NYSE:V) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,141 shares of the credit-card processor’s stock after acquiring an additional 3,376 shares during the period. Visa comprises approximately 5.4% of Dock Street Asset Management Inc.’s investment portfolio, making the stock its 3rd largest holding. Dock Street Asset Management Inc.’s holdings in Visa were worth $11,454,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Waldron LP increased its position in shares of Visa by 61.6% during the 1st quarter. Waldron LP now owns 8,951 shares of the credit-card processor’s stock valued at $791,000 after purchasing an additional 3,412 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Visa by 1.4% during the 1st quarter. Fisher Asset Management LLC now owns 15,163,968 shares of the credit-card processor’s stock valued at $1,347,622,000 after purchasing an additional 206,225 shares during the last quarter. BTR Capital Management Inc. increased its position in shares of Visa by 103.0% during the 1st quarter. BTR Capital Management Inc. now owns 123,502 shares of the credit-card processor’s stock valued at $10,976,000 after purchasing an additional 62,663 shares during the last quarter. Profund Advisors LLC increased its position in shares of Visa by 9.5% during the 1st quarter. Profund Advisors LLC now owns 68,173 shares of the credit-card processor’s stock valued at $6,059,000 after purchasing an additional 5,924 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in shares of Visa by 0.6% during the 1st quarter. ProShare Advisors LLC now owns 549,982 shares of the credit-card processor’s stock valued at $48,877,000 after purchasing an additional 3,218 shares during the last quarter. Institutional investors and hedge funds own 81.68% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Dock Street Asset Management Inc. Buys 3,376 Shares of Visa Inc. (V)” was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://stocknewstimes.com/2017/10/11/dock-street-asset-management-inc-buys-3376-shares-of-visa-inc-v.html.

Shares of Visa Inc. (NYSE V) opened at 107.31 on Wednesday. Visa Inc. has a 12-month low of $75.17 and a 12-month high of $107.65. The firm has a 50-day moving average price of $104.76 and a 200 day moving average price of $97.29. The company has a market capitalization of $245.36 billion, a P/E ratio of 39.91 and a beta of 0.94.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.05. The firm had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Visa had a return on equity of 30.95% and a net margin of 36.53%. The business’s quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 EPS. On average, equities research analysts predict that Visa Inc. will post $3.43 earnings per share for the current year.

In other Visa news, Director Mary B. Cranston sold 10,400 shares of Visa stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $103.32, for a total transaction of $1,074,528.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Tullier Kelly Mahon sold 29,772 shares of Visa stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $100.91, for a total value of $3,004,292.52. Following the sale, the executive vice president now directly owns 17,360 shares of the company’s stock, valued at approximately $1,751,797.60. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company raised Visa from a “market perform” rating to an “outperform” rating in a research report on Tuesday. KeyCorp reaffirmed a “buy” rating and set a $110.00 target price on shares of Visa in a research report on Wednesday, October 4th. Robert W. Baird reaffirmed an “outperform” rating and set a $128.00 target price (up from $122.00) on shares of Visa in a research report on Monday, October 2nd. Buckingham Research assumed coverage on Visa in a research report on Monday, October 2nd. They set a “buy” rating and a $129.00 target price for the company. Finally, Cantor Fitzgerald assumed coverage on Visa in a research report on Thursday, September 28th. They set an “overweight” rating and a $120.00 target price for the company. Two investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. Visa currently has a consensus rating of “Buy” and an average price target of $108.76.

About Visa

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.

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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply