Moseley Investment Management Inc. lifted its stake in shares of Visa Inc (NYSE:V) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,435 shares of the credit-card processor’s stock after acquiring an additional 63 shares during the quarter. Visa makes up 1.0% of Moseley Investment Management Inc.’s holdings, making the stock its 29th biggest holding. Moseley Investment Management Inc.’s holdings in Visa were worth $1,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. grew its stake in Visa by 2.3% during the second quarter. BlackRock Inc. now owns 123,791,138 shares of the credit-card processor’s stock worth $21,483,952,000 after purchasing an additional 2,773,330 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Visa by 0.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 78,658,915 shares of the credit-card processor’s stock worth $13,651,254,000 after purchasing an additional 379,577 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Visa by 2.1% in the third quarter. Fisher Asset Management LLC now owns 20,200,734 shares of the credit-card processor’s stock valued at $3,474,728,000 after buying an additional 419,991 shares during the period. Nuveen Asset Management LLC lifted its stake in Visa by 3,715.7% in the second quarter. Nuveen Asset Management LLC now owns 16,291,965 shares of the credit-card processor’s stock valued at $2,827,471,000 after buying an additional 15,864,991 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Visa by 1.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,183,293 shares of the credit-card processor’s stock valued at $1,235,598,000 after buying an additional 100,817 shares during the period. Institutional investors own 81.08% of the company’s stock.
In related news, EVP William M. Sheedy sold 21,164 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $178.71, for a total transaction of $3,782,218.44. Following the transaction, the executive vice president now directly owns 227,126 shares of the company’s stock, valued at $40,589,687.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William M. Sheedy sold 3,110 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $182.52, for a total transaction of $567,637.20. Following the transaction, the executive vice president now owns 227,740 shares in the company, valued at $41,567,104.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,480 shares of company stock valued at $10,606,182. Company insiders own 0.17% of the company’s stock.
Visa (NYSE:V) last released its quarterly earnings results on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.04. The business had revenue of $6.14 billion during the quarter, compared to the consensus estimate of $6.08 billion. Visa had a return on equity of 42.57% and a net margin of 52.57%. The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.21 EPS. On average, equities research analysts expect that Visa Inc will post 6.2 earnings per share for the current fiscal year.
V has been the subject of several recent analyst reports. Wedbush raised their price objective on shares of Visa from $195.00 to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday. BMO Capital Markets dropped their target price on shares of Visa from $239.00 to $232.00 and set an “outperform” rating on the stock in a research report on Wednesday. Guggenheim set a $194.00 target price on shares of Visa and gave the stock a “buy” rating in a research note on Friday, October 25th. Oppenheimer restated a “buy” rating and issued a $202.00 price target on shares of Visa in a report on Tuesday. Finally, William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Visa currently has an average rating of “Buy” and a consensus price target of $204.58.
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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