Quilter Investors LTD acquired a new position in shares of Visa Inc (NYSE:V) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 46,241 shares of the credit-card processor’s stock, valued at approximately $6,101,000. Visa makes up 4.1% of Quilter Investors LTD’s holdings, making the stock its 11th biggest holding.

A number of other institutional investors also recently made changes to their positions in V. Matthew Goff Investment Advisor LLC lifted its position in Visa by 13,144.9% during the third quarter. Matthew Goff Investment Advisor LLC now owns 7,929,067 shares of the credit-card processor’s stock worth $59,865,000 after buying an additional 7,869,202 shares in the last quarter. Capital Research Global Investors lifted its position in Visa by 3,913.7% during the third quarter. Capital Research Global Investors now owns 4,507,351 shares of the credit-card processor’s stock worth $676,508,000 after buying an additional 4,395,051 shares in the last quarter. Capital International Investors lifted its position in Visa by 13.2% during the third quarter. Capital International Investors now owns 13,149,230 shares of the credit-card processor’s stock worth $1,973,568,000 after buying an additional 1,533,870 shares in the last quarter. Rehmann Capital Advisory Group increased its stake in Visa by 15,021.0% during the third quarter. Rehmann Capital Advisory Group now owns 1,512,556 shares of the credit-card processor’s stock worth $10,077,000 after acquiring an additional 1,502,553 shares during the last quarter. Finally, FMR LLC increased its stake in Visa by 1.7% during the third quarter. FMR LLC now owns 86,917,222 shares of the credit-card processor’s stock worth $13,045,406,000 after acquiring an additional 1,450,809 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

In related news, EVP Tullier Kelly Mahon sold 91,046 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $156.29, for a total transaction of $14,229,579.34. Following the completion of the transaction, the executive vice president now directly owns 120,602 shares of the company’s stock, valued at approximately $18,848,886.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James H. Hoffmeister sold 6,480 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $151.00, for a total value of $978,480.00. Following the transaction, the senior vice president now directly owns 6,480 shares of the company’s stock, valued at $978,480. The disclosure for this sale can be found here. Insiders sold 193,531 shares of company stock valued at $28,797,949 over the last ninety days. Insiders own 0.17% of the company’s stock.

Several research firms have issued reports on V. Jefferies Financial Group raised their target price on Visa from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Wedbush raised their target price on Visa from $150.00 to $162.00 and gave the stock an “outperform” rating in a research note on Thursday, March 14th. Deutsche Bank raised their target price on Visa from $160.00 to $177.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Raymond James reissued an “outperform” rating and set a $152.00 target price (down previously from $167.00) on shares of Visa in a research note on Thursday, January 31st. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $178.00 target price on shares of Visa in a research note on Friday, December 21st. One equities research analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. Visa presently has an average rating of “Buy” and an average price target of $168.29.

Shares of NYSE V opened at $158.56 on Thursday. Visa Inc has a twelve month low of $119.37 and a twelve month high of $159.11. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $317.09 billion, a PE ratio of 34.39, a PEG ratio of 1.79 and a beta of 1.00.

Visa (NYSE:V) last issued its quarterly earnings data on Wednesday, January 30th. The credit-card processor reported $1.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.05. Visa had a return on equity of 39.32% and a net margin of 50.61%. The business had revenue of $5.51 billion during the quarter, compared to analysts’ expectations of $5.41 billion. During the same period in the previous year, the firm posted $1.08 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis. As a group, research analysts anticipate that Visa Inc will post 5.33 EPS for the current year.

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Visa Company Profile

Visa, Inc engages in the provision of payment services. It also facilitates global commerce through the transfer of value and information among global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit card, credit card, prepaid products, commercial payment solutions, and global ATM.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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