Visa Inc. (NYSE:V) Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC lessened its stake in shares of Visa Inc. (NYSE:V - Free Report) by 3.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,725 shares of the credit-card processor's stock after selling 3,393 shares during the quarter. Copeland Capital Management LLC's holdings in Visa were worth $22,745,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Community Financial Services Group LLC grew its stake in shares of Visa by 1.8% in the third quarter. Community Financial Services Group LLC now owns 42,073 shares of the credit-card processor's stock valued at $11,568,000 after buying an additional 758 shares in the last quarter. Plimoth Trust Co. LLC boosted its holdings in Visa by 12.8% during the 3rd quarter. Plimoth Trust Co. LLC now owns 21,239 shares of the credit-card processor's stock valued at $5,840,000 after acquiring an additional 2,418 shares during the period. Venture Visionary Partners LLC grew its position in Visa by 2.7% in the 3rd quarter. Venture Visionary Partners LLC now owns 92,060 shares of the credit-card processor's stock valued at $25,313,000 after acquiring an additional 2,398 shares in the last quarter. Stewardship Advisors LLC purchased a new stake in Visa during the third quarter worth about $267,000. Finally, Retirement Guys Formula LLC lifted its position in shares of Visa by 4.7% during the third quarter. Retirement Guys Formula LLC now owns 5,116 shares of the credit-card processor's stock worth $1,407,000 after purchasing an additional 231 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the transaction, the chief executive officer now directly owns 538 shares of the company's stock, valued at approximately $148,687.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.19% of the company's stock.

Analysts Set New Price Targets

V has been the topic of several recent research reports. BNP Paribas raised shares of Visa from a "neutral" rating to an "outperform" rating and set a $325.00 target price on the stock in a research note on Tuesday, September 3rd. Macquarie reiterated an "outperform" rating and issued a $300.00 price objective on shares of Visa in a research note on Friday, September 27th. William Blair raised Visa to a "strong-buy" rating in a research note on Tuesday, July 23rd. The Goldman Sachs Group restated a "buy" rating and set a $317.00 price target on shares of Visa in a report on Thursday, September 12th. Finally, TD Cowen lowered their price objective on Visa from $320.00 to $318.00 and set a "buy" rating for the company in a research report on Wednesday, July 24th. 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's stock. According to MarketBeat, Visa currently has a consensus rating of "Moderate Buy" and an average price target of $314.19.

Visa Trading Down 1.3 %

Shares of Visa stock opened at $286.85 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market capitalization of $524.63 billion, a P/E ratio of 32.05, a PEG ratio of 2.00 and a beta of 0.96. Visa Inc. has a 1 year low of $228.03 and a 1 year high of $293.07. The company's fifty day moving average is $277.45 and its two-hundred day moving average is $272.97.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.42. The firm had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. The business's revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the company posted $2.16 earnings per share. Analysts forecast that Visa Inc. will post 9.92 earnings per share for the current 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.

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