Schneider Downs Wealth Management Advisors LP Has $338,000 Holdings in Visa Inc (NYSE:V)
Schneider Downs Wealth Management Advisors LP grew its holdings in Visa Inc (NYSE:V) by 11.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,689 shares of the credit-card processor’s stock after buying an additional 180 shares during the period. Schneider Downs Wealth Management Advisors LP’s holdings in Visa were worth $338,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Aprio Wealth Management LLC boosted its position in Visa by 17.8% during the third quarter. Aprio Wealth Management LLC now owns 1,622 shares of the credit-card processor’s stock worth $324,000 after purchasing an additional 245 shares during the period. Steigerwald Gordon & Koch Inc. raised its position in shares of Visa by 0.6% in the third quarter. Steigerwald Gordon & Koch Inc. now owns 67,501 shares of the credit-card processor’s stock valued at $13,498,000 after purchasing an additional 373 shares during the period. Winfield Associates Inc. lifted its stake in shares of Visa by 7.7% during the 3rd quarter. Winfield Associates Inc. now owns 24,366 shares of the credit-card processor’s stock worth $4,872,000 after buying an additional 1,747 shares during the last quarter. Nachman Norwood & Parrott Inc boosted its holdings in shares of Visa by 4.1% during the 3rd quarter. Nachman Norwood & Parrott Inc now owns 4,994 shares of the credit-card processor’s stock worth $998,000 after buying an additional 195 shares during the period. Finally, Paulson Wealth Management Inc. grew its stake in Visa by 8.0% in the 3rd quarter. Paulson Wealth Management Inc. now owns 1,921 shares of the credit-card processor’s stock valued at $384,000 after buying an additional 143 shares during the last quarter. 80.74% of the stock is owned by institutional investors.
V has been the subject of a number of research analyst reports. Daiwa Capital Markets restated a “neutral” rating and set a $204.00 price objective on shares of Visa in a report on Tuesday, July 21st. Raymond James boosted their price target on Visa from $204.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Wedbush reiterated a “buy” rating and set a $220.00 price objective on shares of Visa in a research report on Monday, October 5th. Royal Bank of Canada reissued a “buy” rating and set a $243.00 target price on shares of Visa in a report on Sunday, October 11th. Finally, Piper Sandler upped their price target on shares of Visa from $200.00 to $206.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Six equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $214.72.
Visa (NYSE:V) last issued its earnings results on Tuesday, July 28th. The credit-card processor reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.05. Visa had a return on equity of 40.65% and a net margin of 51.37%. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the previous year, the firm earned $1.37 earnings per share. The business’s quarterly revenue was down 18.6% on a year-over-year basis. As a group, equities research analysts anticipate that Visa Inc will post 5.01 earnings per share for the current fiscal year.
In related news, insider Rajat Taneja sold 45,036 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $210.00, for a total transaction of $9,457,560.00. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the firm’s stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $200.82, for a total value of $1,405,740.00. Following the sale, the chief executive officer now directly owns 124,090 shares in the company, valued at approximately $24,919,753.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 118,122 shares of company stock valued at $24,748,541. 0.19% of the stock is owned by corporate insiders.
Visa Company 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.
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