Norway Savings Bank increased its position in Visa Inc. (NYSE:V) by 96.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,012 shares of the credit-card processor’s stock after purchasing an additional 496 shares during the quarter. Norway Savings Bank’s holdings in Visa were worth $221,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Newfound Research LLC acquired a new stake in Visa in the third quarter worth about $31,000. Brand Asset Management Group Inc. grew its position in shares of Visa by 52.7% during the 3rd quarter. Brand Asset Management Group Inc. now owns 258 shares of the credit-card processor’s stock worth $52,000 after buying an additional 89 shares during the period. Catalyst Private Wealth LLC acquired a new position in shares of Visa during the 3rd quarter worth about $59,000. TFC Financial Management acquired a new position in shares of Visa during the 3rd quarter worth about $65,000. Finally, ELM Advisors LLC acquired a new position in shares of Visa during the 4th quarter worth about $73,000. 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 12 month low of $133.93 and a 12 month high of $220.39. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.59. The business’s 50 day simple moving average is $211.56 and its 200 day simple moving average is $202.74. The company has a market cap of $407.94 billion, a price-to-earnings ratio of 39.88, a PEG ratio of 2.59 and a beta of 0.91.

Visa (NYSE:V) last posted its quarterly earnings data on Wednesday, October 28th. The credit-card processor reported $1.12 EPS for the quarter, beating the 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 for the quarter, compared to the consensus estimate of $5.03 billion. As a group, equities research analysts forecast that Visa Inc. will post 5.01 earnings per share for the current fiscal year.

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

Several equities analysts have recently issued reports on V shares. Credit Suisse Group decreased their target price on Visa from $235.00 to $230.00 and set an “outperform” rating for the company in a research report on Thursday, October 29th. Seaport Global Securities started coverage on Visa in a report on Monday, December 7th. They set a “buy” rating and a $250.00 price objective on the stock. Wedbush restated a “buy” rating and issued a $220.00 target price on shares of Visa in a research note on Monday, October 5th. Piper Sandler boosted their price target on Visa from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 2nd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $243.00 price target on shares of Visa in a research report on Sunday, October 11th. Six investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Visa currently has a consensus rating of “Buy” and an average target price of $220.41.

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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