Kornitzer Capital Management Inc. KS cut its position in Visa Inc (NYSE:V) by 21.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,278 shares of the credit-card processor’s stock after selling 38,717 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Visa were worth $14,868,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Krilogy Financial LLC grew its stake in shares of Visa by 0.3% in the 2nd quarter. Krilogy Financial LLC now owns 2,572 shares of the credit-card processor’s stock valued at $241,000 after buying an additional 7 shares during the period. Capital Investment Advisory Services LLC grew its stake in shares of Visa by 0.4% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 4,747 shares of the credit-card processor’s stock valued at $445,000 after buying an additional 20 shares during the period. Baker Ellis Asset Management LLC grew its stake in shares of Visa by 0.3% in the 2nd quarter. Baker Ellis Asset Management LLC now owns 6,262 shares of the credit-card processor’s stock valued at $587,000 after buying an additional 20 shares during the period. Lakeview Capital Partners LLC grew its stake in shares of Visa by 0.8% in the 2nd quarter. Lakeview Capital Partners LLC now owns 4,283 shares of the credit-card processor’s stock valued at $402,000 after buying an additional 34 shares during the period. Finally, Raab & Moskowitz Asset Management LLC grew its stake in shares of Visa by 0.5% in the 2nd quarter. Raab & Moskowitz Asset Management LLC now owns 7,428 shares of the credit-card processor’s stock valued at $739,000 after buying an additional 38 shares during the period. Institutional investors own 81.50% of the company’s stock.

Several equities analysts recently weighed in on the stock. Vetr cut shares of Visa from a “buy” rating to a “hold” rating and set a $121.05 price target on the stock. in a research report on Monday. Credit Suisse Group set a $129.00 price target on shares of Visa and gave the company a “buy” rating in a research report on Monday. Barclays reaffirmed a “buy” rating and issued a $145.00 price target on shares of Visa in a research report on Friday. Susquehanna Bancshares raised their price target on shares of Visa from $126.00 to $148.00 in a research report on Thursday, December 28th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $141.00 price target on shares of Visa in a research report on Friday, December 22nd. Four investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $120.13.

Visa Inc (V) opened at $119.34 on Tuesday. Visa Inc has a one year low of $80.51 and a one year high of $120.48. The firm has a market cap of $270,450.00, a P/E ratio of 42.62, a P/E/G ratio of 1.73 and a beta of 0.99. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.61.

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

In related news, SVP James H. Hoffmeister sold 2,146 shares of Visa stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $112.09, for a total value of $240,545.14. Following the completion of the transaction, the senior vice president now directly owns 687 shares in the company, valued at approximately $77,005.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Tullier Kelly Mahon sold 49,702 shares of Visa stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $113.66, for a total transaction of $5,649,129.32. Following the completion of the transaction, the executive vice president now owns 76,202 shares of the company’s stock, valued at $8,661,119.32. The disclosure for this sale can be found here. Insiders sold a total of 58,068 shares of company stock valued at $6,597,262 over the last quarter. 0.14% of the stock is owned by company insiders.

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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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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