American Century Companies Inc. lessened its stake in shares of Visa Inc (NYSE:V) by 5.3% in the 3rd quarter, Holdings Channel reports. The firm owned 10,393,901 shares of the credit-card processor’s stock after selling 577,544 shares during the quarter. Visa comprises about 1.1% of American Century Companies Inc.’s portfolio, making the stock its 5th largest holding. American Century Companies Inc.’s holdings in Visa were worth $1,093,854,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in V. Krilogy Financial LLC raised its position in Visa by 0.3% in the second quarter. Krilogy Financial LLC now owns 2,572 shares of the credit-card processor’s stock worth $241,000 after acquiring an additional 7 shares in the last quarter. Capital Investment Advisory Services LLC raised its position in Visa by 0.4% in the second quarter. Capital Investment Advisory Services LLC now owns 4,747 shares of the credit-card processor’s stock worth $445,000 after acquiring an additional 20 shares in the last quarter. Baker Ellis Asset Management LLC raised its position in Visa by 0.3% in the second quarter. Baker Ellis Asset Management LLC now owns 6,262 shares of the credit-card processor’s stock worth $587,000 after acquiring an additional 20 shares in the last quarter. Lakeview Capital Partners LLC raised its position in Visa by 0.8% in the second quarter. Lakeview Capital Partners LLC now owns 4,283 shares of the credit-card processor’s stock worth $402,000 after acquiring an additional 34 shares in the last quarter. Finally, Raab & Moskowitz Asset Management LLC raised its position in Visa by 0.5% in the second quarter. Raab & Moskowitz Asset Management LLC now owns 7,428 shares of the credit-card processor’s stock worth $739,000 after acquiring an additional 38 shares in the last quarter. Institutional investors and hedge funds own 81.50% of the company’s stock.

Shares of Visa Inc (V) opened at $119.84 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $271,580.00, a price-to-earnings ratio of 42.80, a P/E/G ratio of 1.73 and a beta of 0.99. Visa Inc has a 52 week low of $80.51 and a 52 week high of $120.48.

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

In other Visa news, EVP Tullier Kelly Mahon sold 49,702 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $113.66, for a total value of $5,649,129.32. Following the sale, the executive vice president now directly owns 76,202 shares of the company’s stock, valued at approximately $8,661,119.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert W. Matschullat sold 6,220 shares of the firm’s stock in a transaction dated 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,068 shares of company stock worth $6,597,262. Corporate insiders own 0.14% of the company’s stock.

Several research firms have issued reports on V. Wells Fargo & Co upgraded Visa from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $107.01 to $120.00 in a research report on Tuesday, October 10th. Zacks Investment Research cut Visa from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Cantor Fitzgerald began coverage on Visa in a research report on Thursday, September 28th. They issued an “overweight” rating and a $120.00 price objective for the company. Vetr cut Visa from a “buy” rating to a “hold” rating and set a $121.05 price objective for the company. in a research report on Monday. Finally, Buckingham Research raised their price target on Visa from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Four analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $120.94.

COPYRIGHT VIOLATION WARNING: “American Century Companies Inc. Sells 577,544 Shares of Visa Inc (V)” was reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.watchlistnews.com/american-century-companies-inc-sells-577544-shares-of-visa-inc-v/1803765.html.

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.

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc (NYSE:V).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.