Cherry Creek Investment Advisors Inc. Has $4.72 Million Stock Holdings in Visa Inc. (NYSE:V)

Cherry Creek Investment Advisors Inc. decreased its stake in shares of Visa Inc. (NYSE:V) by 0.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 14,948 shares of the credit-card processor’s stock after selling 37 shares during the period. Visa accounts for about 2.3% of Cherry Creek Investment Advisors Inc.’s portfolio, making the stock its 14th largest holding. Cherry Creek Investment Advisors Inc.’s holdings in Visa were worth $4,724,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Decker Retirement Planning Inc. acquired a new position in shares of Visa in the fourth quarter valued at about $26,000. Peterson Financial Group Inc. bought a new stake in Visa in the 3rd quarter valued at about $26,000. Modus Advisors LLC acquired a new position in shares of Visa during the 4th quarter worth approximately $32,000. Reston Wealth Management LLC bought a new position in shares of Visa during the third quarter worth approximately $31,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of Visa in the fourth quarter valued at approximately $44,000. 82.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on V. Wells Fargo & Company increased their price target on Visa from $325.00 to $360.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Royal Bank of Canada increased their target price on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Mizuho boosted their price target on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Piper Sandler upped their price objective on shares of Visa from $322.00 to $368.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Finally, Oppenheimer raised their target price on shares of Visa from $321.00 to $375.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Four 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $335.52.

Visa Stock Performance

NYSE:V opened at $336.45 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $337.83. The company has a 50 day simple moving average of $315.85 and a two-hundred day simple moving average of $291.78. The company has a market capitalization of $626.76 billion, a PE ratio of 34.58, a P/E/G ratio of 2.17 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. Visa’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.33 earnings per share. Research analysts anticipate that Visa Inc. will post 11.19 earnings per share for the current year.

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Visa 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.