Rockland Trust Co. Has $1.20 Million Position in Visa Inc (NYSE:V)

Rockland Trust Co. lifted its holdings in Visa Inc (NYSE:V) by 121.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,958 shares of the credit-card processor’s stock after acquiring an additional 3,818 shares during the period. Rockland Trust Co.’s holdings in Visa were worth $1,203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the company. Segall Bryant & Hamill LLC lifted its holdings in Visa by 7.9% during the 4th quarter. Segall Bryant & Hamill LLC now owns 575,575 shares of the credit-card processor’s stock worth $75,941,000 after purchasing an additional 41,941 shares in the last quarter. IHT Wealth Management LLC increased its stake in Visa by 13.0% in the 4th quarter. IHT Wealth Management LLC now owns 12,260 shares of the credit-card processor’s stock worth $1,618,000 after acquiring an additional 1,413 shares during the last quarter. Ancora Advisors LLC increased its stake in Visa by 5.6% in the 4th quarter. Ancora Advisors LLC now owns 22,858 shares of the credit-card processor’s stock worth $3,016,000 after acquiring an additional 1,208 shares during the last quarter. Halsey Associates Inc. CT increased its stake in Visa by 4.5% in the 4th quarter. Halsey Associates Inc. CT now owns 178,913 shares of the credit-card processor’s stock worth $23,606,000 after acquiring an additional 7,628 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its stake in Visa by 7.2% in the 4th quarter. EP Wealth Advisors LLC now owns 148,874 shares of the credit-card processor’s stock worth $19,642,000 after acquiring an additional 10,028 shares during the last quarter. 80.99% of the stock is owned by hedge funds and other institutional investors.

V opened at $177.06 on Friday. The stock has a market cap of $346.95 billion, a PE ratio of 38.41, a PEG ratio of 1.80 and a beta of 0.96. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.57. The business has a 50 day moving average of $177.05 and a 200-day moving average of $170.65. Visa Inc has a 52 week low of $121.60 and a 52 week high of $187.05.

Visa (NYSE:V) last released its earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.04. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.70 billion. Visa had a return on equity of 41.04% and a net margin of 53.43%. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 EPS. Equities analysts anticipate that Visa Inc will post 5.41 EPS for the current year.

A number of equities analysts have weighed in on V shares. Bank of America upped their target price on Visa from $177.00 to $192.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Raymond James upped their target price on Visa from $177.00 to $193.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Goldman Sachs Group restated a “buy” rating and issued a $202.00 target price on shares of Visa in a research note on Wednesday, July 24th. KeyCorp upped their target price on Visa from $190.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Finally, Wells Fargo & Co increased their price objective on Visa from $181.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $196.57.

In other Visa news, Director Denise M. Morrison bought 1,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average price of $171.13 per share, with a total value of $171,130.00. Following the completion of the purchase, the director now owns 3,223 shares in the company, valued at approximately $551,551.99. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lloyd Carney sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $182.73, for a total value of $639,555.00. Following the transaction, the director now directly owns 3,452 shares in the company, valued at approximately $630,783.96. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.

About Visa

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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Institutional Ownership by Quarter for Visa (NYSE:V)

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