Visa Inc (NYSE:V) Shares Sold by First Personal Financial Services

First Personal Financial Services cut its holdings in Visa Inc (NYSE:V) by 15.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,951 shares of the credit-card processor’s stock after selling 1,461 shares during the period. First Personal Financial Services’ holdings in Visa were worth $1,494,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of V. Principle Wealth Partners LLC raised its position in shares of Visa by 28.9% during the 3rd quarter. Principle Wealth Partners LLC now owns 35,430 shares of the credit-card processor’s stock worth $6,094,000 after buying an additional 7,954 shares in the last quarter. Central Bank & Trust Co. raised its position in shares of Visa by 0.5% during the 3rd quarter. Central Bank & Trust Co. now owns 55,570 shares of the credit-card processor’s stock worth $9,559,000 after buying an additional 270 shares in the last quarter. Valley Forge Capital Management LP raised its position in shares of Visa by 3.0% during the 3rd quarter. Valley Forge Capital Management LP now owns 482,922 shares of the credit-card processor’s stock worth $83,067,000 after buying an additional 14,000 shares in the last quarter. Pure Financial Advisors Inc. bought a new stake in shares of Visa during the 4th quarter worth about $200,000. Finally, West Branch Capital LLC raised its position in shares of Visa by 108.5% during the 4th quarter. West Branch Capital LLC now owns 17,838 shares of the credit-card processor’s stock worth $3,352,000 after buying an additional 9,282 shares in the last quarter. 81.32% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of Visa stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $189.31, for a total value of $1,325,170.00. Following the transaction, the chief executive officer now directly owns 150,514 shares of the company’s stock, valued at $28,493,805.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP William M. Sheedy sold 3,110 shares of Visa stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $182.52, for a total transaction of $567,637.20. Following the completion of the transaction, the executive vice president now directly 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 worth $10,606,182. 0.19% of the stock is currently owned by insiders.

A number of analysts recently commented on V shares. Nomura reiterated a “buy” rating and issued a $233.00 target price on shares of Visa in a report on Monday, January 20th. 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 report on Wednesday, January 15th. William Blair reiterated an “outperform” rating on shares of Visa in a report on Tuesday, January 14th. Raymond James boosted their target price on shares of Visa from $193.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Compass Point started coverage on shares of Visa in a report on Thursday, December 5th. They issued a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $209.68.

Visa stock opened at $205.00 on Friday. The firm’s 50 day simple moving average is $191.28 and its 200-day simple moving average is $181.65. The company has a market cap of $406.70 billion, a P/E ratio of 38.53, a price-to-earnings-growth ratio of 2.14 and a beta of 0.93. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.56 and a quick ratio of 1.56. Visa Inc has a fifty-two week low of $133.30 and a fifty-two week high of $210.13.

Visa (NYSE:V) last released its earnings results on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.04. The business 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 firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period last year, the firm posted $1.21 earnings per share. On average, analysts expect that Visa Inc will post 6.19 EPS for the current fiscal year.

About Visa

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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