Cambridge Trust Co. raised its holdings in shares of Visa Inc (NYSE:V) by 0.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 275,191 shares of the credit-card processor’s stock after purchasing an additional 528 shares during the quarter. Visa accounts for approximately 1.9% of Cambridge Trust Co.’s investment portfolio, making the stock its 12th largest holding. Cambridge Trust Co.’s holdings in Visa were worth $28,961,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of Visa in the second quarter valued at about $958,000. Cordasco Financial Network bought a new stake in shares of Visa in the third quarter valued at about $105,000. Motco raised its holdings in shares of Visa by 25.1% in the second quarter. Motco now owns 1,176 shares of the credit-card processor’s stock valued at $110,000 after acquiring an additional 236 shares in the last quarter. MPS Loria Financial Planners LLC bought a new stake in shares of Visa in the second quarter valued at about $123,000. Finally, BDO Wealth Advisors LLC bought a new stake in shares of Visa in the second quarter valued at about $115,000. Institutional investors and hedge funds own 81.50% of the company’s stock.

Several equities analysts have issued reports on the company. Cowen reiterated a “buy” rating and issued a $129.00 target price on shares of Visa in a research note on Friday. Vetr lowered Visa from a “buy” rating to a “hold” rating and set a $121.05 target price on the stock. in a research note on Monday, January 8th. Citigroup reiterated a “buy” rating and issued a $136.00 target price (up previously from $124.00) on shares of Visa in a research note on Friday. Loop Capital lifted their target price on Visa from $111.00 to $123.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $122.00 target price on shares of Visa in a research note on Tuesday, September 26th. Four analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. Visa currently has a consensus rating of “Buy” and an average price target of $122.03.

In related news, SVP James H. Hoffmeister sold 2,146 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $112.09, for a total value of $240,545.14. Following the sale, the senior vice president now owns 687 shares in the company, valued at $77,005.83. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert W. Matschullat sold 6,220 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $113.76, for a total value of $707,587.20. Following the completion of the sale, the director now owns 57,368 shares in the company, valued at approximately $6,526,183.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,068 shares of company stock worth $6,597,262. 0.14% of the stock is owned by insiders.

Shares of Visa Inc (NYSE:V) opened at $120.09 on Friday. The company has a market capitalization of $272,150.00, a P/E ratio of 42.89, a P/E/G ratio of 1.73 and a beta of 0.99. Visa Inc has a 52-week low of $80.51 and a 52-week high of $120.48. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.90.

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

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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.

Institutional Ownership by Quarter for Visa (NYSE:V)

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