North Point Portfolio Managers Corp OH Has $23.57 Million Stock Position in Visa Inc. (NYSE:V)

North Point Portfolio Managers Corp OH reduced its holdings in Visa Inc. (NYSE:V - Free Report) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,590 shares of the credit-card processor's stock after selling 2,416 shares during the quarter. Visa accounts for about 4.1% of North Point Portfolio Managers Corp OH's investment portfolio, making the stock its 4th largest holding. North Point Portfolio Managers Corp OH's holdings in Visa were worth $23,573,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of V. State Street Corp boosted its position in Visa by 4.5% during the third quarter. State Street Corp now owns 76,610,942 shares of the credit-card processor's stock valued at $21,064,179,000 after purchasing an additional 3,327,977 shares during the last quarter. FMR LLC raised its stake in shares of Visa by 6.1% during the 3rd quarter. FMR LLC now owns 57,111,843 shares of the credit-card processor's stock worth $15,702,901,000 after purchasing an additional 3,265,518 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Visa by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 38,655,250 shares of the credit-card processor's stock valued at $10,601,135,000 after buying an additional 2,772,549 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Visa by 1.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,597,969 shares of the credit-card processor's stock valued at $3,188,862,000 after buying an additional 123,927 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Visa by 6.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,522,445 shares of the credit-card processor's stock worth $3,168,096,000 after buying an additional 670,590 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on V. Macquarie lifted their price objective on shares of Visa from $300.00 to $335.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Susquehanna lifted their price target on Visa from $339.00 to $375.00 and gave the stock a "positive" rating in a report on Wednesday, December 11th. Royal Bank of Canada upped their price objective on Visa from $311.00 to $322.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Bank of America lifted their target price on Visa from $314.00 to $331.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Finally, BMO Capital Markets increased their price target on Visa from $310.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $335.52.

Insider Buying and Selling

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

Visa Price Performance

V traded up $7.38 on Thursday, hitting $343.26. 7,911,426 shares of the stock were exchanged, compared to its average volume of 5,745,500. The firm has a market capitalization of $639.46 billion, a price-to-earnings ratio of 35.28, a PEG ratio of 2.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $344.44. The business has a 50-day moving average of $316.43 and a two-hundred day moving average of $292.09.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share 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%. Sell-side analysts forecast that Visa Inc. will post 11.19 EPS for the current fiscal year.

Visa Profile

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.