Visa Inc (V) Position Decreased by Alecta Pensionsforsakring Omsesidigt

Alecta Pensionsforsakring Omsesidigt reduced its position in shares of Visa Inc (NYSE:V) by 2.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,770,000 shares of the credit-card processor’s stock after selling 100,000 shares during the period. Visa accounts for about 3.4% of Alecta Pensionsforsakring Omsesidigt’s holdings, making the stock its 11th biggest position. Alecta Pensionsforsakring Omsesidigt’s holdings in Visa were worth $396,642,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Visa by 2.1% in the second quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock worth $11,911,973,000 after acquiring an additional 2,628,148 shares during the period. BlackRock Inc. raised its position in Visa by 1.3% in the second quarter. BlackRock Inc. now owns 114,649,667 shares of the credit-card processor’s stock worth $10,751,846,000 after acquiring an additional 1,440,034 shares during the period. Fisher Asset Management LLC raised its position in Visa by 2.3% in the third quarter. Fisher Asset Management LLC now owns 15,971,471 shares of the credit-card processor’s stock worth $1,680,838,000 after acquiring an additional 355,320 shares during the period. Capital Research Global Investors raised its position in Visa by 20.3% in the second quarter. Capital Research Global Investors now owns 11,394,893 shares of the credit-card processor’s stock worth $1,068,613,000 after acquiring an additional 1,919,732 shares during the period. Finally, Polen Capital Management LLC raised its position in Visa by 7.7% in the second quarter. Polen Capital Management LLC now owns 10,425,812 shares of the credit-card processor’s stock worth $977,733,000 after acquiring an additional 745,312 shares during the period. 81.50% of the stock is currently owned by institutional investors.

Visa Inc (NYSE V) opened at $120.09 on Friday. The company has a market cap of $272,150.00, a P/E ratio of 42.89, a P/E/G ratio of 1.73 and a beta of 0.99. Visa Inc has a 12 month low of $80.51 and a 12 month high of $120.48. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.90 and a current ratio of 1.90.

Visa (NYSE:V) last issued its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 EPS for the quarter, beating the consensus estimate of $0.85 by $0.05. The company had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.63 billion. Visa had a net margin of 36.49% and a return on equity of 31.80%. Visa’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.78 earnings per share. equities analysts forecast that Visa Inc will post 4.07 EPS for the current year.

In other Visa news, SVP James H. Hoffmeister sold 2,146 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $112.09, for a total value of $240,545.14. Following the completion of the transaction, the senior vice president now owns 687 shares of the company’s stock, valued at approximately $77,005.83. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert W. Matschullat sold 6,220 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $113.76, for a total transaction of $707,587.20. Following the completion of the transaction, the director now directly owns 57,368 shares of the company’s stock, valued at approximately $6,526,183.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,068 shares of company stock valued at $6,597,262. 0.14% of the stock is owned by corporate insiders.

Several equities analysts have recently weighed in on V shares. Susquehanna Bancshares lifted their target price on shares of Visa from $126.00 to $148.00 in a research note on Thursday, December 28th. Jefferies Group reiterated a “buy” rating and issued a $125.00 target price (up previously from $112.00) on shares of Visa in a research note on Tuesday, October 17th. Mizuho reiterated a “buy” rating and issued a $115.00 target price on shares of Visa in a research note on Thursday, October 12th. Cowen reiterated a “buy” rating and issued a $107.00 target price on shares of Visa in a research note on Thursday, October 12th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $122.00 target price on shares of Visa in a research note on Tuesday, September 26th. Four research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $122.03.

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Visa Profile

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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