Visa (V) Shares Sold by Montag & Caldwell LLC

Montag & Caldwell LLC lowered its stake in Visa (NYSE:V) by 10.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,243,045 shares of the credit-card processor’s stock after selling 148,861 shares during the quarter. Visa comprises approximately 4.5% of Montag & Caldwell LLC’s holdings, making the stock its 4th largest holding. Montag & Caldwell LLC’s holdings in Visa were worth $141,732,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in V. Vanguard Group Inc. increased its holdings in shares of Visa by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock worth $11,911,973,000 after buying an additional 2,628,148 shares during the last quarter. BlackRock Inc. grew its holdings in Visa by 1.3% during the 2nd quarter. BlackRock Inc. now owns 114,649,667 shares of the credit-card processor’s stock valued at $10,751,846,000 after purchasing an additional 1,440,034 shares during the last quarter. Jennison Associates LLC grew its holdings in Visa by 1.0% during the 3rd quarter. Jennison Associates LLC now owns 21,283,466 shares of the credit-card processor’s stock valued at $2,239,872,000 after purchasing an additional 209,764 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Visa by 9.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 19,188,126 shares of the credit-card processor’s stock valued at $2,019,358,000 after purchasing an additional 1,624,700 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Visa by 2.8% during the 4th quarter. Fisher Asset Management LLC now owns 16,419,486 shares of the credit-card processor’s stock valued at $1,872,150,000 after purchasing an additional 448,015 shares during the last quarter. Institutional investors and hedge funds own 81.52% of the company’s stock.

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In other news, EVP Lynne Biggar sold 1,712 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $120.00, for a total value of $205,440.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Several brokerages recently commented on V. ValuEngine upgraded shares of Visa from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a report on Saturday. Guggenheim reiterated a “buy” rating and set a $136.00 price target on shares of Visa in a report on Friday, February 2nd. Sanford C. Bernstein began coverage on shares of Visa in a report on Tuesday, March 27th. They set an “outperform” rating and a $143.00 price target on the stock. Finally, Morgan Stanley upped their price target on shares of Visa from $137.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $134.97.

Shares of V opened at $117.70 on Monday. Visa has a fifty-two week low of $88.13 and a fifty-two week high of $126.88. The company has a market capitalization of $242,525.22, a PE ratio of 33.82, a price-to-earnings-growth ratio of 1.55 and a beta of 0.99. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.07 and a quick ratio of 2.07.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, February 1st. The credit-card processor reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.10. Visa had a net margin of 38.12% and a return on equity of 32.97%. The firm had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter in the prior year, the company earned $0.86 EPS. The company’s revenue was up 9.0% compared to the same quarter last year. equities analysts expect that Visa will post 4.38 EPS for the current year.

Visa announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 1st that allows the company to repurchase $7.50 billion in shares. This repurchase authorization allows the credit-card processor to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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Visa Company Profile

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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