Nachman Norwood & Parrott Inc Takes Position in Visa Inc (V)

Nachman Norwood & Parrott Inc purchased a new stake in shares of Visa Inc (NYSE:V) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,170 shares of the credit-card processor’s stock, valued at approximately $418,000.

A number of other institutional investors have also added to or reduced their stakes in V. Gemmer Asset Management LLC raised its position in shares of Visa by 24.2% in the 4th quarter. Gemmer Asset Management LLC now owns 3,075 shares of the credit-card processor’s stock valued at $406,000 after purchasing an additional 599 shares during the last quarter. PFG Advisors purchased a new position in Visa during the 4th quarter worth approximately $2,478,000. Joel Isaacson & Co. LLC raised its position in Visa by 12.7% during the 4th quarter. Joel Isaacson & Co. LLC now owns 4,046 shares of the credit-card processor’s stock worth $559,000 after buying an additional 456 shares during the last quarter. Capital Investment Advisors LLC raised its position in Visa by 2.2% during the 4th quarter. Capital Investment Advisors LLC now owns 22,110 shares of the credit-card processor’s stock worth $2,917,000 after buying an additional 479 shares during the last quarter. Finally, Howard Capital Management purchased a new position in Visa during the 4th quarter worth approximately $11,851,000. 80.93% of the stock is currently owned by institutional investors.

V traded up $0.80 on Monday, hitting $160.44. The company had a trading volume of 7,924,548 shares, compared to its average volume of 8,639,620. The firm has a market cap of $320.46 billion, a P/E ratio of 34.80, a price-to-earnings-growth ratio of 1.80 and a beta of 1.00. Visa Inc has a 1 year low of $119.37 and a 1 year high of $160.48. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.58.

Visa (NYSE:V) last issued its quarterly earnings data on Wednesday, January 30th. The credit-card processor reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.05. The firm had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.41 billion. Visa had a net margin of 50.61% and a return on equity of 39.32%. Visa’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.08 EPS. Equities research analysts forecast that Visa Inc will post 5.32 earnings per share for the current year.

Several equities analysts have recently weighed in on V shares. reaffirmed a “buy” rating on shares of Visa in a report on Tuesday, February 12th. Jefferies Financial Group started coverage on shares of Visa in a report on Monday, January 28th. They set a “buy” rating and a $135.99 target price for the company. Cantor Fitzgerald reaffirmed a “buy” rating and set a $160.00 target price on shares of Visa in a report on Thursday, January 31st. SunTrust Banks reissued an “outperform” rating and issued a $250.00 price target on shares of Visa in a research note on Friday, February 1st. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $178.00 price target on shares of Visa in a research note on Friday, December 21st. One research analyst has rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $168.80.

In other news, Vice Chairman Ellen Richey sold 81,005 shares of the business’s stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $139.99, for a total transaction of $11,339,889.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Tullier Kelly Mahon sold 91,046 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $156.29, for a total value of $14,229,579.34. Following the transaction, the executive vice president now directly owns 120,602 shares of the company’s stock, valued at $18,848,886.58. The disclosure for this sale can be found here. Insiders have sold 193,531 shares of company stock worth $28,797,949 over the last quarter. Insiders own 0.17% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Nachman Norwood & Parrott Inc Takes Position in Visa Inc (V)” was first reported by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://www.baseballdailydigest.com/news/2019/04/15/nachman-norwood-parrott-inc-invests-418000-in-visa-inc-v-stock.html.

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: How a Put Option Works

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.