Iron Financial LLC raised its position in Visa Inc. (NYSE:V) by 69.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,075 shares of the credit-card processor’s stock after buying an additional 847 shares during the period. Iron Financial LLC’s holdings in Visa were worth $454,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Investment House LLC raised its holdings in shares of Visa by 1.4% in the 4th quarter. Investment House LLC now owns 39,723 shares of the credit-card processor’s stock valued at $8,689,000 after buying an additional 556 shares during the period. Redpoint Investment Management Pty Ltd raised its holdings in shares of Visa by 5.0% in the 4th quarter. Redpoint Investment Management Pty Ltd now owns 43,910 shares of the credit-card processor’s stock valued at $9,604,000 after buying an additional 2,100 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management raised its holdings in shares of Visa by 12.8% in the 4th quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 5,791 shares of the credit-card processor’s stock valued at $1,267,000 after buying an additional 655 shares during the period. Benson Investment Management Company Inc. raised its holdings in shares of Visa by 6.3% in the 4th quarter. Benson Investment Management Company Inc. now owns 22,425 shares of the credit-card processor’s stock valued at $4,905,000 after buying an additional 1,325 shares during the period. Finally, Radnor Capital Management LLC raised its holdings in shares of Visa by 1.2% in the 4th quarter. Radnor Capital Management LLC now owns 8,265 shares of the credit-card processor’s stock valued at $1,808,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Visa stock opened at $209.35 on Thursday. Visa Inc. has a fifty-two week low of $133.93 and a fifty-two week high of $220.39. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market capitalization of $407.94 billion, a P/E ratio of 39.88, a PEG ratio of 2.59 and a beta of 0.91. The stock has a 50-day simple moving average of $211.56 and a 200-day simple moving average of $202.74.

Visa (NYSE:V) last posted its earnings results on Wednesday, October 28th. The credit-card processor reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.03. Visa had a return on equity of 40.65% and a net margin of 51.37%. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.03 billion. As a group, analysts forecast that Visa Inc. will post 5.01 earnings per share for the current year.

Several equities research analysts recently issued reports on V shares. Seaport Global Securities started coverage on Visa in a report on Monday, December 7th. They issued a “buy” rating and a $250.00 price objective on the stock. Royal Bank of Canada reissued a “buy” rating and set a $243.00 target price on shares of Visa in a research note on Sunday, October 11th. Credit Suisse Group lowered their target price on Visa from $235.00 to $230.00 and set an “outperform” rating for the company in a research note on Thursday, October 29th. BidaskClub raised Visa from a “sell” rating to a “hold” rating in a research note on Wednesday, December 30th. Finally, Wells Fargo & Company boosted their target price on Visa from $210.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, November 19th. Six investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $220.41.

In other Visa news, insider Rajat Taneja sold 60,048 shares of the company’s stock in a transaction that occurred on Wednesday, December 30th. The stock was sold at an average price of $220.00, for a total transaction of $13,210,560.00. Following the completion of the sale, the insider now directly owns 310,904 shares of the company’s stock, valued at approximately $68,398,880. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $182.53, for a total value of $1,642,770.00. Following the sale, the chief executive officer now directly owns 120,090 shares of the company’s stock, valued at $21,920,027.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,205 shares of company stock valued at $17,188,463. 0.19% of the stock is owned by company insiders.

Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

See Also: Convertible Shares

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Institutional Ownership by Quarter for Visa (NYSE:V)

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