Nachman Norwood & Parrott Inc purchased a new stake in shares of Visa Inc (NYSE:V) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,170 shares of the credit-card processor’s stock, valued at approximately $418,000.
A number of other institutional investors have also added to or reduced their stakes in V. Gemmer Asset Management LLC raised its position in shares of Visa by 24.2% in the 4th quarter. Gemmer Asset Management LLC now owns 3,075 shares of the credit-card processor’s stock valued at $406,000 after purchasing an additional 599 shares during the last quarter. PFG Advisors purchased a new position in Visa during the 4th quarter worth approximately $2,478,000. Joel Isaacson & Co. LLC raised its position in Visa by 12.7% during the 4th quarter. Joel Isaacson & Co. LLC now owns 4,046 shares of the credit-card processor’s stock worth $559,000 after buying an additional 456 shares during the last quarter. Capital Investment Advisors LLC raised its position in Visa by 2.2% during the 4th quarter. Capital Investment Advisors LLC now owns 22,110 shares of the credit-card processor’s stock worth $2,917,000 after buying an additional 479 shares during the last quarter. Finally, Howard Capital Management purchased a new position in Visa during the 4th quarter worth approximately $11,851,000. 80.93% of the stock is currently owned by institutional investors.
V traded up $0.80 on Monday, hitting $160.44. The company had a trading volume of 7,924,548 shares, compared to its average volume of 8,639,620. The firm has a market cap of $320.46 billion, a P/E ratio of 34.80, a price-to-earnings-growth ratio of 1.80 and a beta of 1.00. Visa Inc has a 1 year low of $119.37 and a 1 year high of $160.48. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.58.
Several equities analysts have recently weighed in on V shares. reaffirmed a “buy” rating on shares of Visa in a report on Tuesday, February 12th. Jefferies Financial Group started coverage on shares of Visa in a report on Monday, January 28th. They set a “buy” rating and a $135.99 target price for the company. Cantor Fitzgerald reaffirmed a “buy” rating and set a $160.00 target price on shares of Visa in a report on Thursday, January 31st. SunTrust Banks reissued an “outperform” rating and issued a $250.00 price target on shares of Visa in a research note on Friday, February 1st. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $178.00 price target on shares of Visa in a research note on Friday, December 21st. One research analyst has rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $168.80.
In other news, Vice Chairman Ellen Richey sold 81,005 shares of the business’s stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $139.99, for a total transaction of $11,339,889.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Tullier Kelly Mahon sold 91,046 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $156.29, for a total value of $14,229,579.34. Following the transaction, the executive vice president now directly owns 120,602 shares of the company’s stock, valued at $18,848,886.58. The disclosure for this sale can be found here. Insiders have sold 193,531 shares of company stock worth $28,797,949 over the last quarter. Insiders own 0.17% of the company’s stock.
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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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