Visa Inc. (NYSE:V) Shares Sold by Grimes & Company Inc.

Grimes & Company Inc. cut its holdings in shares of Visa Inc. (NYSE:V) by 0.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,962 shares of the credit-card processor’s stock after selling 49 shares during the period. Grimes & Company Inc.’s holdings in Visa were worth $17,686,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in V. Decker Retirement Planning Inc. purchased a new stake in Visa during the fourth quarter valued at about $26,000. Peterson Financial Group Inc. purchased a new stake in shares of Visa in the 3rd quarter valued at approximately $26,000. Modus Advisors LLC acquired a new position in Visa in the 4th quarter worth approximately $32,000. Reston Wealth Management LLC purchased a new position in Visa during the 3rd quarter worth approximately $31,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in Visa during the 4th quarter valued at $44,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price target on Visa from $325.00 to $360.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods raised their price target on shares of Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Bank of America boosted their price objective on shares of Visa from $314.00 to $331.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Jefferies Financial Group increased their target price on shares of Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average price target of $335.52.

Insider Buying and Selling

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

Visa Trading Up 1.2 %

Visa stock opened at $334.16 on Tuesday. The business’s 50-day simple moving average is $314.95 and its 200-day simple moving average is $290.79. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $335.49. The firm has a market capitalization of $622.49 billion, a PE ratio of 34.34, a PEG ratio of 2.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. The company had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.33 earnings per share. Equities research analysts forecast that Visa Inc. will post 11.19 earnings per share for the current year.

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.