Unigestion Holding SA grew its stake in Visa Inc (NYSE:V) by 355.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,123 shares of the credit-card processor’s stock after purchasing an additional 23,505 shares during the period. Unigestion Holding SA’s holdings in Visa were worth $4,521,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of V. Quadrant Private Wealth Management LLC acquired a new stake in shares of Visa during the 3rd quarter valued at about $200,000. Global Financial Private Capital LLC boosted its position in shares of Visa by 143.6% during the 3rd quarter. Global Financial Private Capital LLC now owns 35,221 shares of the credit-card processor’s stock valued at $5,286,000 after acquiring an additional 20,763 shares in the last quarter. Berman Capital Advisors LLC boosted its position in shares of Visa by 14.6% during the 3rd quarter. Berman Capital Advisors LLC now owns 3,936 shares of the credit-card processor’s stock valued at $592,000 after acquiring an additional 502 shares in the last quarter. Community Bank N.A. boosted its position in shares of Visa by 13.0% during the 3rd quarter. Community Bank N.A. now owns 6,673 shares of the credit-card processor’s stock valued at $1,002,000 after acquiring an additional 770 shares in the last quarter. Finally, Regal Investment Advisors LLC acquired a new stake in shares of Visa during the 3rd quarter valued at about $253,000. Institutional investors own 80.10% of the company’s stock.
A number of equities analysts have commented on V shares. Piper Jaffray Companies restated an “overweight” rating and issued a $178.00 price target on shares of Visa in a research report on Friday, December 21st. Goldman Sachs Group lowered shares of Visa from a “conviction-buy” rating to a “buy” rating and set a $160.00 price target on the stock. in a research report on Monday, September 17th. BMO Capital Markets boosted their price target on shares of Visa from $187.00 to $196.00 and gave the company an “outperform” rating in a research report on Thursday, October 25th. Bank of America restated a “buy” rating and issued a $163.00 price target on shares of Visa in a research report on Monday, September 17th. Finally, Barclays started coverage on shares of Visa in a research note on Wednesday, November 14th. They issued an “overweight” rating and a $170.00 target price for the company. Two research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. Visa has an average rating of “Buy” and a consensus target price of $159.14.
In other news, EVP William M. Sheedy sold 99,636 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $139.28, for a total value of $13,877,302.08. Following the completion of the transaction, the executive vice president now owns 296,925 shares in the company, valued at $41,355,714. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William M. Sheedy sold 3,643 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $133.07, for a total transaction of $484,774.01. Following the completion of the transaction, the executive vice president now owns 241,983 shares of the company’s stock, valued at approximately $32,200,677.81. The disclosure for this sale can be found here. Insiders sold 119,395 shares of company stock valued at $16,697,489 in the last ninety days. Insiders own 0.17% of the company’s stock.
V opened at $138.06 on Monday. Visa Inc has a fifty-two week low of $111.02 and a fifty-two week high of $151.56. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.58. The company has a market cap of $279.18 billion, a P/E ratio of 29.95, a price-to-earnings-growth ratio of 1.50 and a beta of 1.06.
Visa (NYSE:V) last issued its earnings results on Wednesday, October 24th. The credit-card processor reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.01. Visa had a net margin of 49.98% and a return on equity of 38.00%. The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.44 billion. On average, equities research analysts anticipate that Visa Inc will post 5.33 earnings per share for the current fiscal year.
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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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