Windsor Group LTD cut its holdings in Visa Inc. (NYSE:V – Get Rating) by 1.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,637 shares of the credit-card processor’s stock after selling 97 shares during the quarter. Windsor Group LTD’s holdings in Visa were worth $1,223,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Visa during the 4th quarter worth approximately $2,740,577,000. Lone Pine Capital LLC acquired a new position in Visa during the 4th quarter worth approximately $1,047,495,000. GQG Partners LLC boosted its position in Visa by 46.2% during the 4th quarter. GQG Partners LLC now owns 11,289,146 shares of the credit-card processor’s stock worth $2,446,122,000 after acquiring an additional 3,567,771 shares during the last quarter. Bank of Montreal Can boosted its position in Visa by 51.2% during the 4th quarter. Bank of Montreal Can now owns 9,393,795 shares of the credit-card processor’s stock worth $2,090,120,000 after acquiring an additional 3,179,759 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in Visa by 11.5% during the 4th quarter. Alliancebernstein L.P. now owns 25,850,411 shares of the credit-card processor’s stock worth $5,602,043,000 after acquiring an additional 2,659,845 shares during the last quarter. 80.77% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms have weighed in on V. UBS Group upped their price target on Visa from $292.00 to $296.00 and gave the stock a “buy” rating in a research report on Wednesday. Cowen dropped their price objective on Visa from $276.00 to $254.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 27th. Robert W. Baird dropped their price objective on Visa from $290.00 to $265.00 in a research note on Wednesday, July 20th. Wells Fargo & Company dropped their price objective on Visa from $280.00 to $255.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 13th. Finally, Wolfe Research dropped their price objective on Visa from $285.00 to $260.00 in a research note on Wednesday, July 20th. Four analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat, Visa has an average rating of “Moderate Buy” and a consensus target price of $261.00.
Visa Stock Down 1.0 %
Visa (NYSE:V – Get Rating) last posted its quarterly earnings data on Tuesday, April 26th. The credit-card processor reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.14. The firm had revenue of $7.19 billion for the quarter, compared to analysts’ expectations of $6.82 billion. Visa had a return on equity of 42.89% and a net margin of 51.10%. The company’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.38 EPS. On average, equities analysts anticipate that Visa Inc. will post 7.17 earnings per share for the current year.
Insiders Place Their Bets
In other news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $210.38, for a total transaction of $1,893,420.00. Following the sale, the chief executive officer now directly owns 162,887 shares of the company’s stock, valued at approximately $34,268,167.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have sold 27,000 shares of company stock worth $5,619,330 in the last 90 days. Company insiders own 0.21% of the company’s stock.
Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.
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