Visa Inc (V) Shares Bought by Cape Cod Five Cents Savings Bank

Cape Cod Five Cents Savings Bank raised its position in shares of Visa Inc (NYSE:V) by 16.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,157 shares of the credit-card processor’s stock after acquiring an additional 6,006 shares during the period. Cape Cod Five Cents Savings Bank’s holdings in Visa were worth $4,437,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of Visa in the second quarter valued at approximately $958,000. Cordasco Financial Network bought a new stake in shares of Visa in the third quarter valued at approximately $105,000. Motco boosted its stake in shares of Visa by 25.1% in the second quarter. Motco now owns 1,176 shares of the credit-card processor’s stock valued at $110,000 after buying an additional 236 shares during the period. MPS Loria Financial Planners LLC bought a new stake in shares of Visa in the second quarter valued at approximately $123,000. Finally, BDO Wealth Advisors LLC bought a new stake in shares of Visa in the second quarter valued at approximately $115,000. Institutional investors own 81.50% of the company’s stock.

Several equities research analysts have weighed in on the company. Jefferies Group restated a “buy” rating and set a $125.00 target price (up from $112.00) on shares of Visa in a research note on Tuesday, October 17th. Stephens restated a “buy” rating and set a $135.00 target price on shares of Visa in a research note on Wednesday. Robert W. Baird restated an “outperform” rating and set a $128.00 target price (up from $122.00) on shares of Visa in a research note on Monday, October 2nd. Morgan Stanley upped their target price on Visa from $125.00 to $126.00 and gave the stock an “overweight” rating in a research note on Thursday, October 26th. Finally, Barclays restated a “buy” rating and set a $145.00 target price on shares of Visa in a research note on Friday, January 5th. Four analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $120.94.

In related news, Director Robert W. Matschullat sold 6,220 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $113.76, for a total value of $707,587.20. Following the completion of the sale, the director now directly owns 57,368 shares in the company, valued at $6,526,183.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP James H. Hoffmeister sold 2,146 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $112.09, for a total value of $240,545.14. Following the completion of the sale, the senior vice president now owns 687 shares of the company’s stock, valued at $77,005.83. The disclosure for this sale can be found here. Insiders have sold 58,068 shares of company stock valued at $6,597,262 over the last quarter. Company insiders own 0.14% of the company’s stock.

Visa Inc (NYSE:V) opened at $118.98 on Thursday. The stock has a market cap of $269,630.00, a price-to-earnings ratio of 42.49, a PEG ratio of 1.73 and a beta of 0.99. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.90 and a current ratio of 1.90. Visa Inc has a 1-year low of $80.51 and a 1-year high of $120.48.

Visa (NYSE:V) last announced its quarterly earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.05. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.63 billion. Visa had a net margin of 36.49% and a return on equity of 31.80%. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.78 earnings per share. research analysts predict that Visa Inc will post 4.07 EPS for the current fiscal year.

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About Visa

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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