Gardiner Nancy B cut its holdings in Visa Inc (NYSE:V) by 0.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,406 shares of the credit-card processor’s stock after selling 54 shares during the period. Visa comprises approximately 1.9% of Gardiner Nancy B’s holdings, making the stock its 19th biggest position. Gardiner Nancy B’s holdings in Visa were worth $1,204,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Selective Wealth Management Inc. acquired a new stake in shares of Visa in the third quarter valued at approximately $47,000. Investors Research Corp grew its holdings in Visa by 40.2% in the 3rd quarter. Investors Research Corp now owns 279 shares of the credit-card processor’s stock worth $48,000 after buying an additional 80 shares in the last quarter. NewSquare Capital LLC grew its holdings in Visa by 29.2% in the 3rd quarter. NewSquare Capital LLC now owns 310 shares of the credit-card processor’s stock worth $53,000 after buying an additional 70 shares in the last quarter. JJJ Advisors Inc. increased its position in Visa by 203.4% in the 3rd quarter. JJJ Advisors Inc. now owns 358 shares of the credit-card processor’s stock valued at $62,000 after acquiring an additional 240 shares during the period. Finally, Winthrop Partners WNY LLC acquired a new stake in Visa in the 3rd quarter valued at approximately $71,000. 81.08% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE V opened at $199.80 on Thursday. Visa Inc has a twelve month low of $133.30 and a twelve month high of $200.15. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average of $187.32 and a two-hundred day moving average of $180.29. The company has a market capitalization of $386.09 billion, a price-to-earnings ratio of 36.73, a PEG ratio of 2.04 and a beta of 0.93.
Visa (NYSE:V) last announced its quarterly earnings data on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.04. Visa had a net margin of 52.57% and a return on equity of 42.57%. The company had revenue of $6.14 billion for the quarter, compared to analysts’ expectations of $6.08 billion. During the same quarter in the previous year, the company posted $1.21 EPS. The business’s revenue was up 12.9% compared to the same quarter last year. As a group, research analysts predict that Visa Inc will post 6.2 earnings per share for the current year.
V has been the subject of a number of analyst reports. Raymond James boosted their price target on Visa from $193.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. BMO Capital Markets reduced their price objective on shares of Visa from $239.00 to $232.00 and set an “outperform” rating for the company in a report on Wednesday. Morgan Stanley upped their price objective on shares of Visa from $207.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Oppenheimer reiterated a “buy” rating and issued a $202.00 target price on shares of Visa in a research report on Tuesday. Finally, Nomura raised their target price on shares of Visa from to and gave the company a “buy” rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $204.58.
In related news, EVP William M. Sheedy sold 3,110 shares of Visa stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $182.52, for a total value of $567,637.20. Following the transaction, the executive vice president now owns 227,740 shares of the company’s stock, valued at approximately $41,567,104.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William M. Sheedy sold 21,164 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $178.71, for a total value of $3,782,218.44. Following the sale, the executive vice president now owns 227,126 shares in the company, valued at approximately $40,589,687.46. The disclosure for this sale can be found here. Insiders have sold 58,480 shares of company stock valued at $10,606,182 over the last 90 days. 0.17% of the stock is currently owned by insiders.
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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