Perennial Advisors LLC decreased its holdings in Visa Inc (NYSE:V) by 1.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,820 shares of the credit-card processor’s stock after selling 483 shares during the quarter. Visa accounts for about 2.7% of Perennial Advisors LLC’s portfolio, making the stock its 8th largest holding. Perennial Advisors LLC’s holdings in Visa were worth $4,626,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of V. Windsor Group LTD grew its holdings in shares of Visa by 7.8% during the 3rd quarter. Windsor Group LTD now owns 4,849 shares of the credit-card processor’s stock valued at $728,000 after purchasing an additional 350 shares during the last quarter. LLBH Private Wealth Management LLC grew its holdings in shares of Visa by 14.7% during the 2nd quarter. LLBH Private Wealth Management LLC now owns 2,821 shares of the credit-card processor’s stock valued at $374,000 after purchasing an additional 362 shares during the last quarter. Atlantic Trust LLC grew its holdings in shares of Visa by 1.1% during the 2nd quarter. Atlantic Trust LLC now owns 34,531 shares of the credit-card processor’s stock valued at $4,574,000 after purchasing an additional 372 shares during the last quarter. Mutual Advisors LLC grew its holdings in shares of Visa by 6.8% during the 2nd quarter. Mutual Advisors LLC now owns 5,926 shares of the credit-card processor’s stock valued at $785,000 after purchasing an additional 378 shares during the last quarter. Finally, Providence First Trust Co grew its holdings in shares of Visa by 2.3% during the 2nd quarter. Providence First Trust Co now owns 16,864 shares of the credit-card processor’s stock valued at $2,234,000 after purchasing an additional 383 shares during the last quarter. Institutional investors and hedge funds own 80.10% of the company’s stock.

NYSE:V opened at $138.06 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.61 and a current ratio of 1.61. Visa Inc has a 52 week low of $111.02 and a 52 week high of $151.56. The firm has a market capitalization of $279.18 billion, a PE ratio of 29.95, a PEG ratio of 1.50 and a beta of 1.06.

Visa (NYSE:V) last posted its quarterly earnings data on Wednesday, October 24th. The credit-card processor reported $1.21 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.01. Visa had a net margin of 49.98% and a return on equity of 38.00%. The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.44 billion. Equities research analysts forecast that Visa Inc will post 5.33 earnings per share for the current year.

In related news, SVP James H. Hoffmeister sold 2,252 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $144.56, for a total transaction of $325,549.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP William M. Sheedy sold 99,636 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $139.28, for a total transaction of $13,877,302.08. Following the transaction, the executive vice president now owns 296,925 shares in the company, valued at approximately $41,355,714. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 119,395 shares of company stock worth $16,697,489. Insiders own 0.17% of the company’s stock.

A number of equities research analysts have weighed in on V shares. Piper Jaffray Companies reissued an “overweight” rating and set a $178.00 target price on shares of Visa in a report on Friday, December 21st. Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $168.00 target price on the stock in a report on Tuesday, September 25th. BMO Capital Markets boosted their target price on shares of Visa from $187.00 to $196.00 and gave the stock an “outperform” rating in a report on Thursday, October 25th. Goldman Sachs Group lowered shares of Visa from a “conviction-buy” rating to a “buy” rating and set a $160.00 target price on the stock. in a report on Monday, September 17th. Finally, Bank of America reissued a “buy” rating and set a $163.00 target price on shares of Visa in a report on Monday, September 17th. Two equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. Visa currently has a consensus rating of “Buy” and a consensus target price of $158.10.

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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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