Winslow Evans & Crocker Inc. lessened its stake in shares of Visa Inc (NYSE:V) by 35.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,056 shares of the credit-card processor’s stock after selling 5,474 shares during the period. Winslow Evans & Crocker Inc.’s holdings in Visa were worth $1,058,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in V. Motco raised its position in shares of Visa by 25.1% during the 2nd quarter. Motco now owns 1,176 shares of the credit-card processor’s stock valued at $110,000 after buying an additional 236 shares in the last quarter. BDO Wealth Advisors LLC purchased a new stake in shares of Visa during the 2nd quarter valued at about $115,000. Mascoma Wealth Management LLC purchased a new stake in shares of Visa during the 2nd quarter valued at about $122,000. MPS Loria Financial Planners LLC purchased a new stake in shares of Visa during the 2nd quarter valued at about $123,000. Finally, SpiderRock Advisors LLC raised its position in shares of Visa by 107.1% during the 2nd quarter. SpiderRock Advisors LLC now owns 1,309 shares of the credit-card processor’s stock valued at $124,000 after buying an additional 19,709 shares in the last quarter. 81.50% of the stock is owned by institutional investors and hedge funds.
V has been the topic of a number of recent analyst reports. Citigroup reissued a “buy” rating and issued a $136.00 price objective (up from $124.00) on shares of Visa in a research report on Friday. Stephens reissued a “buy” rating and issued a $135.00 price objective on shares of Visa in a research report on Wednesday. Wells Fargo & Co reissued an “outperform” rating and issued a $135.00 price objective (up from $127.00) on shares of Visa in a research report on Tuesday. Credit Suisse Group set a $129.00 price objective on shares of Visa and gave the stock a “buy” rating in a research report on Monday. Finally, Vetr lowered shares of Visa from a “buy” rating to a “hold” rating and set a $121.05 price objective on the stock. in a research report on Monday. Four equities research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $121.32.
In other Visa news, SVP James H. Hoffmeister sold 2,146 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $112.09, for a total value of $240,545.14. Following the completion of the sale, the senior vice president now directly owns 687 shares in the company, valued at $77,005.83. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Tullier Kelly Mahon sold 49,702 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $113.66, for a total transaction of $5,649,129.32. Following the completion of the sale, the executive vice president now owns 76,202 shares of the company’s stock, valued at $8,661,119.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,068 shares of company stock worth $6,597,262. Insiders own 0.14% of the company’s stock.
Visa Inc (NYSE:V) traded up $0.25 during midday trading on Friday, hitting $120.09. 5,559,600 shares of the stock were exchanged, compared to its average volume of 8,920,000. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.61. Visa Inc has a 1 year low of $80.51 and a 1 year high of $120.48. The company has a market capitalization of $272,150.00, a P/E ratio of 42.89, a PEG ratio of 1.73 and a beta of 0.99.
Visa (NYSE:V) last released its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.05. Visa had a net margin of 36.49% and a return on equity of 31.80%. The firm had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same period last year, the firm earned $0.78 earnings per share. The company’s quarterly revenue was up 13.9% on a year-over-year basis. equities research analysts expect that Visa Inc will post 4.07 earnings per share for the current year.
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Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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