Bourne Lent Asset Management Inc. increased its position in shares of Visa Inc. (NYSE:V) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,700 shares of the credit-card processor’s stock after buying an additional 200 shares during the period. Visa comprises 0.6% of Bourne Lent Asset Management Inc.’s portfolio, making the stock its 25th largest position. Bourne Lent Asset Management Inc.’s holdings in Visa were worth $802,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Hanson McClain Inc. increased its stake in Visa by 6.1% in the second quarter. Hanson McClain Inc. now owns 1,728 shares of the credit-card processor’s stock worth $128,000 after buying an additional 100 shares during the period. Signature Estate & Investment Advisors LLC bought a new stake in Visa during the second quarter worth about $139,000. Duncker Streett & Co. Inc. increased its stake in Visa by 3.8% in the third quarter. Duncker Streett & Co. Inc. now owns 1,683 shares of the credit-card processor’s stock worth $139,000 after buying an additional 62 shares during the period. Adirondack Trust Co. increased its stake in Visa by 20.3% in the third quarter. Adirondack Trust Co. now owns 2,160 shares of the credit-card processor’s stock worth $178,000 after buying an additional 365 shares during the period. Finally, Blume Capital Management Inc. increased its stake in Visa by 2.4% in the second quarter. Blume Capital Management Inc. now owns 2,662 shares of the credit-card processor’s stock worth $197,000 after buying an additional 62 shares during the period. 79.56% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Visa (NYSE:V)

Visa Inc. (NYSE:V) traded down 0.25% during midday trading on Friday, hitting $81.17. 7,291,220 shares of the company traded hands. The company has a market cap of $189.94 billion, a PE ratio of 32.07 and a beta of 0.95. The stock has a 50 day moving average price of $79.05 and a 200-day moving average price of $80.18. Visa Inc. has a 12-month low of $66.12 and a 12-month high of $83.96.

Visa (NYSE:V) last issued its quarterly earnings results on Monday, October 24th. The credit-card processor reported $0.78 EPS for the quarter, topping the consensus estimate of $0.73 by $0.05. Visa had a net margin of 39.72% and a return on equity of 24.31%. The firm had revenue of $4.26 billion for the quarter. During the same quarter last year, the firm posted $0.62 earnings per share. Visa’s revenue was up 19.3% compared to the same quarter last year. Analysts expect that Visa Inc. will post $3.29 EPS for the current year.

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Several equities research analysts recently weighed in on V shares. Vetr downgraded shares of Visa from a “buy” rating to a “hold” rating and set a $84.76 target price on the stock. in a research note on Monday, November 21st. Drexel Hamilton raised shares of Visa from a “hold” rating to a “buy” rating in a research note on Monday, October 24th. Stifel Nicolaus cut their target price on shares of Visa from $94.00 to $93.00 and set a “buy” rating on the stock in a research note on Tuesday, October 25th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $99.00 target price on shares of Visa in a research note on Friday, October 14th. Finally, Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research note on Tuesday, October 4th. Five research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $91.65.

In other Visa news, President Ryan Mcinerney sold 18,500 shares of Visa stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $82.92, for a total transaction of $1,534,020.00. Following the transaction, the president now owns 12,548 shares of the company’s stock, valued at approximately $1,040,480.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Charles W. Scharf sold 772,912 shares of Visa stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $82.65, for a total value of $63,881,176.80. Following the transaction, the insider now directly owns 852,880 shares in the company, valued at approximately $70,490,532. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Visa Company Profile

Visa Inc is a payments technology company. The Company and its subsidiaries, including Visa U.SA Inc (Visa U.SA), Visa International Service Association (Visa International), Visa Worldwide Pte. Limited, Visa Canada Corporation, Inovant LLC and CyberSource Corporation (CyberSource), operate a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions around the world.

5 Day Chart for NYSE:V

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