First National Bank Sioux Falls increased its position in Visa Inc (NYSE:V) by 18.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,173 shares of the credit-card processor’s stock after acquiring an additional 650 shares during the quarter. Visa comprises about 2.2% of First National Bank Sioux Falls’ investment portfolio, making the stock its 11th biggest position. First National Bank Sioux Falls’ holdings in Visa were worth $834,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. APG Asset Management N.V. grew its holdings in Visa by 13.4% in the 1st quarter. APG Asset Management N.V. now owns 3,027,411 shares of the credit-card processor’s stock valued at $487,776,000 after buying an additional 356,828 shares during the last quarter. ArrowMark Colorado Holdings LLC increased its position in Visa by 11.2% during the first quarter. ArrowMark Colorado Holdings LLC now owns 9,342 shares of the credit-card processor’s stock worth $1,505,000 after acquiring an additional 940 shares during the period. Cramer Rosenthal Mcglynn LLC acquired a new position in Visa during the 1st quarter valued at $551,000. Tudor Investment Corp Et Al bought a new stake in Visa in the 1st quarter valued at $2,066,000. Finally, Guardian Capital LP grew its position in Visa by 9.8% in the 1st quarter. Guardian Capital LP now owns 11,197 shares of the credit-card processor’s stock worth $1,804,000 after purchasing an additional 998 shares during the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

V has been the subject of several research reports. Royal Bank of Canada reiterated a “buy” rating and issued a $243.00 target price on shares of Visa in a research note on Sunday, October 11th. Morgan Stanley raised their price objective on Visa from $196.00 to $203.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Mizuho restated a “buy” rating and set a $250.00 price objective on shares of Visa in a research report on Thursday, October 8th. Wells Fargo & Company raised their target price on Visa from $205.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Finally, KeyCorp boosted their price target on shares of Visa from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, September 21st. Six equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Visa currently has an average rating of “Buy” and a consensus target price of $214.72.

In other news, insider Rajat Taneja sold 45,036 shares of Visa stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $210.00, for a total value of $9,457,560.00. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the business’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $195.00, for a total value of $1,365,000.00. Following the sale, the chief executive officer now owns 130,090 shares of the company’s stock, valued at approximately $25,367,550. The disclosure for this sale can be found here. Insiders sold a total of 118,122 shares of company stock valued at $24,748,541 in the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

Shares of NYSE V opened at $200.26 on Friday. Visa Inc has a 12-month low of $133.93 and a 12-month high of $217.35. The firm’s 50-day simple moving average is $203.88 and its 200 day simple moving average is $191.62. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.59. The company has a market cap of $388.98 billion, a price-to-earnings ratio of 38.14, a price-to-earnings-growth ratio of 3.05 and a beta of 0.90.

Visa (NYSE:V) last announced its earnings results on Tuesday, July 28th. The credit-card processor reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.05. Visa had a net margin of 51.37% and a return on equity of 40.65%. The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the previous year, the firm posted $1.37 earnings per share. The company’s revenue was down 18.6% on a year-over-year basis. On average, equities analysts expect that Visa Inc will post 5.01 earnings per share for the current year.

About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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