Raymond James Trust N.A. increased its position in Visa Inc (NYSE:V) by 1.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 143,084 shares of the credit-card processor’s stock after buying an additional 1,713 shares during the period. Visa accounts for about 1.2% of Raymond James Trust N.A.’s holdings, making the stock its 11th largest holding. Raymond James Trust N.A.’s holdings in Visa were worth $28,613,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cedar Mountain Advisors LLC raised its position in Visa by 102.6% in the second quarter. Cedar Mountain Advisors LLC now owns 158 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 80 shares during the period. CVA Family Office LLC purchased a new position in Visa in the first quarter valued at about $32,000. Price Wealth LLC raised its position in Visa by 90.0% in the second quarter. Price Wealth LLC now owns 190 shares of the credit-card processor’s stock valued at $37,000 after purchasing an additional 90 shares during the period. Centerpoint Advisors LLC purchased a new position in Visa in the second quarter valued at about $43,000. Finally, American Research & Management Co. raised its position in Visa by 27.1% in the second quarter. American Research & Management Co. now owns 267 shares of the credit-card processor’s stock valued at $52,000 after purchasing an additional 57 shares during the period. 80.74% of the stock is currently owned by institutional investors and hedge funds.

In other Visa news, Director Lloyd Carney sold 1,550 shares of Visa stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $192.64, for a total transaction of $298,592.00. Following the transaction, the director now directly owns 2,962 shares in the company, valued at approximately $570,599.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of Visa stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $200.82, for a total transaction of $1,405,740.00. Following the transaction, the chief executive officer now owns 124,090 shares in the company, valued at $24,919,753.80. The disclosure for this sale can be found here. Insiders sold 118,122 shares of company stock worth $24,748,541 in the last ninety days. 0.19% of the stock is owned by corporate insiders.

NYSE V opened at $200.26 on Friday. The stock has a market capitalization of $388.98 billion, a P/E ratio of 38.14, a P/E/G ratio of 3.05 and a beta of 0.90. Visa Inc has a 1 year low of $133.93 and a 1 year high of $217.35. The business’s fifty day moving average is $203.88 and its two-hundred day moving average is $191.62. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.55 and a current ratio of 1.55.

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

Several research analysts have commented on the company. Wedbush reissued a “buy” rating and issued a $220.00 price objective on shares of Visa in a research report on Monday, October 5th. Piper Sandler lifted their target price on Visa from $200.00 to $206.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Wells Fargo & Company lifted 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. Oppenheimer assumed coverage on Visa in a research report on Tuesday, June 23rd. They set an “outperform” rating and a $202.00 target price on the stock. Finally, Morgan Stanley lifted their target price on Visa from $196.00 to $203.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Six analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Visa presently has a consensus rating of “Buy” and an average price target of $214.72.

Visa Profile

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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