Webster Bank N. A. Has $12.27 Million Holdings in Visa Inc. (NYSE:V)

Webster Bank N. A. trimmed its holdings in Visa Inc. (NYSE:V) by 3.0% in the fourth quarter, Holdings Channel reports. The fund owned 38,836 shares of the credit-card processor’s stock after selling 1,200 shares during the period. Visa accounts for about 1.3% of Webster Bank N. A.’s portfolio, making the stock its 15th biggest position. Webster Bank N. A.’s holdings in Visa were worth $12,274,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of V. United Asset Strategies Inc. boosted its stake in Visa by 2.8% in the 4th quarter. United Asset Strategies Inc. now owns 15,270 shares of the credit-card processor’s stock worth $4,826,000 after purchasing an additional 423 shares during the period. waypoint wealth counsel lifted its holdings in shares of Visa by 12.1% in the fourth quarter. waypoint wealth counsel now owns 877 shares of the credit-card processor’s stock valued at $277,000 after purchasing an additional 95 shares in the last quarter. Atticus Wealth Management LLC boosted its position in shares of Visa by 2.6% during the fourth quarter. Atticus Wealth Management LLC now owns 3,818 shares of the credit-card processor’s stock worth $1,207,000 after buying an additional 95 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of Visa during the fourth quarter worth about $202,074,000. Finally, Capital Asset Advisory Services LLC raised its position in Visa by 0.9% in the 4th quarter. Capital Asset Advisory Services LLC now owns 16,402 shares of the credit-card processor’s stock valued at $5,165,000 after buying an additional 148 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Visa Trading Up 0.6 %

Shares of Visa stock opened at $336.45 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a 50-day moving average of $315.85 and a 200-day moving average of $291.78. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $337.83. The stock has a market cap of $626.76 billion, a PE ratio of 34.58, a PEG ratio of 2.17 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the previous year, the firm posted $2.33 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Visa Inc. will post 11.19 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on V shares. Deutsche Bank Aktiengesellschaft upped their price target on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Morgan Stanley boosted their price target on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Oppenheimer raised their price objective on Visa from $321.00 to $375.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Finally, Susquehanna upped their target price on Visa from $339.00 to $375.00 and gave the stock a “positive” rating in a report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and a consensus target price of $335.52.

Visa Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.