Visa Inc (NYSE:V) Holdings Cut by Dempze Nancy E

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Dempze Nancy E decreased its stake in Visa Inc (NYSE:V) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,600 shares of the credit-card processor’s stock after selling 200 shares during the quarter. Dempze Nancy E’s holdings in Visa were worth $865,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in V. Nuveen Asset Management LLC lifted its position in Visa by 3,715.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 16,291,965 shares of the credit-card processor’s stock worth $2,827,471,000 after buying an additional 15,864,991 shares in the last quarter. Johanson Financial Advisors Inc. lifted its position in Visa by 18,464.0% in the 4th quarter. Johanson Financial Advisors Inc. now owns 5,185,286 shares of the credit-card processor’s stock worth $27,592,000 after buying an additional 5,157,354 shares in the last quarter. BlackRock Inc. lifted its position in Visa by 2.3% in the 2nd quarter. BlackRock Inc. now owns 123,791,138 shares of the credit-card processor’s stock worth $21,483,952,000 after buying an additional 2,773,330 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Visa in the 2nd quarter worth approximately $178,205,000. Finally, California Public Employees Retirement System lifted its position in Visa by 14.2% in the 3rd quarter. California Public Employees Retirement System now owns 6,306,099 shares of the credit-card processor’s stock worth $1,084,712,000 after buying an additional 783,989 shares in the last quarter. Institutional investors own 81.08% of the company’s stock.

Shares of V opened at $199.80 on Thursday. The company has a market capitalization of $385.85 billion, a PE ratio of 36.73, a price-to-earnings-growth ratio of 2.01 and a beta of 0.93. Visa Inc has a one year low of $133.30 and a one year high of $200.15. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.56 and a quick ratio of 1.56. The company’s fifty day moving average price is $187.32 and its 200 day moving average price is $180.29.

Visa (NYSE:V) last announced its earnings results on Thursday, October 24th. The credit-card processor reported $1.47 EPS for the quarter, topping the consensus estimate of $1.43 by $0.04. The firm had revenue of $6.14 billion for the quarter, compared to the consensus estimate of $6.08 billion. Visa had a net margin of 52.57% and a return on equity of 42.57%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 EPS. Analysts anticipate that Visa Inc will post 6.2 earnings per share for the current year.

A number of research analysts have recently weighed in on the stock. Wedbush raised their price target on shares of Visa from $195.00 to $215.00 and gave the company an “outperform” rating in a report on Tuesday. Moffett Nathanson raised their price target on shares of Visa from to in a report on Tuesday, January 7th. William Blair restated an “outperform” rating on shares of Visa in a report on Tuesday. Guggenheim set a $194.00 price target on shares of Visa and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Raymond James raised their price target on shares of Visa from $193.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $204.58.

In related news, EVP William M. Sheedy sold 21,164 shares of Visa stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $178.71, for a total value of $3,782,218.44. Following the transaction, the executive vice president now owns 227,126 shares in the company, valued at approximately $40,589,687.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now 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 quarter. Insiders own 0.17% of the company’s stock.

Visa Profile

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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