Puzo Michael J decreased its holdings in shares of Visa Inc (NYSE:V) by 5.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,605 shares of the credit-card processor’s stock after selling 370 shares during the period. Puzo Michael J’s holdings in Visa were worth $1,240,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Selective Wealth Management Inc. bought a new stake in shares of Visa during the third quarter valued at approximately $47,000. Investors Research Corp lifted its holdings in shares of 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 purchasing an additional 80 shares in the last quarter. NewSquare Capital LLC lifted its holdings in shares of 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 purchasing an additional 70 shares in the last quarter. JJJ Advisors Inc. lifted its holdings in shares of Visa by 203.4% in the 3rd quarter. JJJ Advisors Inc. now owns 358 shares of the credit-card processor’s stock worth $62,000 after purchasing an additional 240 shares in the last quarter. Finally, Winthrop Partners WNY LLC acquired a new stake in Visa in the 3rd quarter valued at $71,000. 81.08% of the stock is owned by institutional investors and hedge funds.

Several research analysts have weighed in on V shares. Wells Fargo & Co upped their price objective on shares of Visa from $200.00 to $213.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Jefferies Financial Group set a $210.00 price objective on shares of Visa and gave the company a “buy” rating in a research note on Friday, October 25th. Raymond James lifted their price objective on shares of Visa from $193.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, October 25th. BMO Capital Markets decreased their target price on shares of Visa from $239.00 to $232.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Moffett Nathanson upped their target price on shares of Visa from to in a report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. Visa presently has a consensus rating of “Buy” and an average target price of $204.58.

Shares of V stock opened at $199.80 on Thursday. Visa Inc has a 52-week low of $133.30 and a 52-week high of $200.15. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.56 and a current ratio of 1.56. The company has a 50-day simple moving average of $187.32 and a two-hundred day simple 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 posted its quarterly earnings data on Thursday, October 24th. The credit-card processor reported $1.47 EPS for the quarter, beating 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 firm had revenue of $6.14 billion during the quarter, compared to analyst estimates of $6.08 billion. During the same quarter last year, the business posted $1.21 EPS. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, sell-side analysts forecast that Visa Inc will post 6.2 EPS for the current fiscal year.

In other news, EVP William M. Sheedy sold 21,164 shares of Visa stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $178.71, for a total transaction of $3,782,218.44. Following the sale, the executive vice president now directly owns 227,126 shares in the company, valued at approximately $40,589,687.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $177.79, for a total transaction of $1,244,530.00. Following the completion of the transaction, the chief executive officer now directly owns 55,446 shares in the company, valued at $9,857,744.34. The disclosure for this sale can be found here. Insiders sold a total of 58,480 shares of company stock worth $10,606,182 in the last 90 days. Company insiders own 0.17% of the company’s stock.

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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