Visa (V) Holdings Decreased by Howland Capital Management LLC

Howland Capital Management LLC decreased its stake in shares of Visa (NYSE:V) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 312,201 shares of the credit-card processor’s stock after selling 4,474 shares during the quarter. Visa comprises about 2.8% of Howland Capital Management LLC’s portfolio, making the stock its 3rd biggest holding. Howland Capital Management LLC’s holdings in Visa were worth $35,597,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Fundsmith LLP boosted its stake in shares of Visa by 5.3% during the 2nd quarter. Fundsmith LLP now owns 5,217,623 shares of the credit-card processor’s stock worth $489,309,000 after acquiring an additional 262,930 shares during the period. Beach Point Capital Management LP bought a new position in shares of Visa during the 3rd quarter worth approximately $5,736,000. Calamos Wealth Management LLC boosted its stake in shares of Visa by 186.5% during the 3rd quarter. Calamos Wealth Management LLC now owns 68,524 shares of the credit-card processor’s stock worth $7,211,000 after acquiring an additional 44,609 shares during the period. Gs Investments Inc. bought a new position in shares of Visa during the 2nd quarter worth approximately $2,408,000. Finally, Meyer Handelman Co. boosted its stake in Visa by 38.3% in the 3rd quarter. Meyer Handelman Co. now owns 22,124 shares of the credit-card processor’s stock valued at $2,329,000 after purchasing an additional 6,124 shares during the period. 81.52% of the stock is currently owned by hedge funds and other institutional investors.

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Visa stock opened at $117.70 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.60. Visa has a 52 week low of $88.13 and a 52 week high of $126.88. The firm has a market cap of $246,872.95, a PE ratio of 33.82, a price-to-earnings-growth ratio of 1.58 and a beta of 0.99.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, February 1st. The credit-card processor reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.10. Visa had a return on equity of 32.97% and a net margin of 38.12%. The company had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter in the previous year, the firm earned $0.86 EPS. Visa’s revenue was up 9.0% on a year-over-year basis. research analysts forecast that Visa will post 4.38 EPS for the current year.

Visa declared that its board has approved a share repurchase program on Thursday, February 1st that allows the company to buyback $7.50 billion in shares. This buyback authorization allows the credit-card processor to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

In other news, EVP Lynne Biggar sold 1,712 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $120.00, for a total transaction of $205,440.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is currently owned by insiders.

Several research firms recently issued reports on V. Keefe, Bruyette & Woods restated a “buy” rating on shares of Visa in a research note on Thursday, February 1st. BMO Capital Markets restated a “positive” rating and issued a $148.00 price target on shares of Visa in a research note on Monday, February 5th. Barclays restated a “buy” rating and issued a $145.00 price target on shares of Visa in a research note on Friday, January 5th. Mizuho restated a “buy” rating and issued a $136.00 price target on shares of Visa in a research note on Friday, February 2nd. Finally, Piper Jaffray boosted their price target on Visa from $158.00 to $164.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Three analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Visa currently has a consensus rating of “Buy” and a consensus price target of $135.19.

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About Visa

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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Institutional Ownership by Quarter for Visa (NYSE:V)

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