Nilsine Partners LLC Has $9.60 Million Position in Visa Inc. (NYSE:V)

Nilsine Partners LLC grew its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,371 shares of the credit-card processor's stock after buying an additional 892 shares during the period. Visa accounts for about 1.0% of Nilsine Partners LLC's investment portfolio, making the stock its 17th biggest holding. Nilsine Partners LLC's holdings in Visa were worth $9,598,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Peterson Financial Group Inc. bought a new position in Visa during the 3rd quarter valued at $26,000. Decker Retirement Planning Inc. acquired a new position in Visa during the fourth quarter worth about $26,000. Reston Wealth Management LLC bought a new stake in Visa in the third quarter worth about $31,000. Modus Advisors LLC bought a new position in shares of Visa during the 4th quarter valued at about $32,000. Finally, West Financial Advisors LLC lifted its stake in Visa by 101.4% during the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor's stock valued at $40,000 after purchasing an additional 73 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Stock Performance

NYSE:V traded up $7.38 during mid-day trading on Thursday, hitting $343.26. 7,963,976 shares of the company's stock traded hands, compared to its average volume of 5,745,500. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. The firm has a 50 day moving average of $316.43 and a two-hundred day moving average of $292.09. The firm has a market capitalization of $639.46 billion, a price-to-earnings ratio of 35.28, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $344.44.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.96% and a return on equity of 53.16%. On average, equities analysts forecast that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on V. BMO Capital Markets upped their price target on Visa from $310.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Citigroup increased their price target on Visa from $326.00 to $354.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Oppenheimer upped their price objective on shares of Visa from $321.00 to $375.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Barclays lifted their target price on shares of Visa from $319.00 to $347.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Visa from $300.00 to $340.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $335.52.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the firm's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now owns 17,894 shares of the company's stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

About Visa

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.