Massachusetts Financial Services Co. MA lessened its stake in Visa Inc (NYSE:V) by 4.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,918,491 shares of the credit-card processor’s stock after selling 1,230,654 shares during the period. Visa comprises about 1.9% of Massachusetts Financial Services Co. MA’s investment portfolio, making the stock its 5th largest position. Massachusetts Financial Services Co. MA owned approximately 1.36% of Visa worth $4,630,249,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Krane Funds Advisors LLC bought a new stake in Visa during the second quarter valued at $26,000. Lowe Wealth Advisors LLC increased its stake in Visa by 114.7% during the second quarter. Lowe Wealth Advisors LLC now owns 161 shares of the credit-card processor’s stock valued at $28,000 after purchasing an additional 86 shares during the last quarter. Personal Wealth Partners bought a new stake in Visa during the second quarter valued at $30,000. Mcmillion Capital Management Inc. bought a new stake in Visa during the second quarter valued at $38,000. Finally, Hexavest Inc. bought a new stake in Visa during the second quarter valued at $40,000. Institutional investors and hedge funds own 80.97% of the company’s stock.

Shares of V traded down $0.01 during midday trading on Tuesday, hitting $179.53. 2,960,111 shares of the stock traded hands, compared to its average volume of 6,978,477. The firm has a market capitalization of $355.06 billion, a PE ratio of 33.00, a price-to-earnings-growth ratio of 1.86 and a beta of 0.94. The business’s 50 day moving average price is $176.40 and its two-hundred day moving average price is $173.61. Visa Inc has a 1-year low of $121.60 and a 1-year high of $187.05. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.69 and a current ratio of 1.56.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.04. The business had revenue of $6.14 billion during the quarter, compared to the consensus estimate of $6.08 billion. Visa had a net margin of 52.57% and a return on equity of 42.57%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.21 earnings per share. As a group, equities research analysts forecast that Visa Inc will post 6.21 EPS for the current fiscal year.

The business also recently disclosed a dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 15th will be issued a $0.30 dividend. The ex-dividend date is Thursday, November 14th. Visa’s payout ratio is currently 18.38%.

In related news, insider Vasant M. Prabhu sold 25,051 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.14, for a total value of $4,537,738.14. Following the completion of the sale, the insider now owns 62,223 shares of the company’s stock, valued at $11,271,074.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $177.79, for a total transaction of $1,244,530.00. Following the completion of the sale, the chief executive officer now directly owns 55,446 shares of the company’s stock, valued at approximately $9,857,744.34. The disclosure for this sale can be found here. Insiders sold 53,215 shares of company stock valued at $9,564,487 in the last ninety days. Corporate insiders own 0.17% of the company’s stock.

Several analysts have weighed in on V shares. Barclays boosted their target price on shares of Visa from $181.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Credit Suisse Group boosted their target price on shares of Visa from $200.00 to $203.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price target on shares of Visa from $166.00 to $182.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Goldman Sachs Group reissued a “buy” rating and set a $202.00 price target on shares of Visa in a report on Wednesday, July 24th. Finally, KeyCorp boosted their price target on shares of Visa from $190.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $199.04.

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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