Visa Inc (NYSE:V) Shares Purchased by Newman Dignan & Sheerar Inc.

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Newman Dignan & Sheerar Inc. raised its holdings in Visa Inc (NYSE:V) by 1.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 7,342 shares of the credit-card processor’s stock after acquiring an additional 100 shares during the period. Newman Dignan & Sheerar Inc.’s holdings in Visa were worth $1,380,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Selective Wealth Management Inc. acquired a new position in shares of Visa in the 3rd quarter valued at about $47,000. Investors Research Corp increased its position in Visa by 40.2% during 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 increased its position in Visa by 29.2% during 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. increased its position in Visa by 203.4% during 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 purchased a new position in Visa in the third quarter valued at approximately $71,000. Institutional investors own 81.08% of the company’s stock.

In other news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $177.79, for a total value of $1,244,530.00. Following the completion of the sale, the chief executive officer now owns 55,446 shares of the company’s stock, valued at approximately $9,857,744.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William M. Sheedy sold 3,110 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $182.52, for a total transaction of $567,637.20. Following the completion of the sale, the executive vice president now owns 227,740 shares in the company, valued at approximately $41,567,104.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,480 shares of company stock worth $10,606,182. 0.17% of the stock is currently owned by corporate insiders.

Several research firms have issued reports on V. Wells Fargo & Co boosted their price objective on shares of Visa from $200.00 to $213.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Oppenheimer reissued a “buy” rating and issued a $202.00 price objective on shares of Visa in a research report on Tuesday. Nomura raised their target price on shares of Visa from to and gave the company a “buy” rating in a research note on Monday. William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Tuesday. Finally, Raymond James increased their price target on Visa from $193.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Three analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $204.58.

Shares of NYSE V opened at $199.80 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.56 and a current ratio of 1.56. Visa Inc has a 1 year low of $133.30 and a 1 year high of $200.15. The stock’s 50-day simple moving average is $187.32 and its 200-day simple moving average is $180.29. The firm has a market cap 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 issued its quarterly earnings data on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.04. Visa had a return on equity of 42.57% and a net margin of 52.57%. 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 firm earned $1.21 EPS. Visa’s quarterly revenue was up 12.9% on a year-over-year basis. As a group, research analysts predict that Visa Inc will post 6.2 EPS for the current year.

Visa Company 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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Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc (NYSE:V).

Institutional Ownership by Quarter for Visa (NYSE:V)

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