Visa Inc. (NYSE:V) Shares Sold by Jamison Private Wealth Management Inc.

Jamison Private Wealth Management Inc. lessened its stake in shares of Visa Inc. (NYSE:V) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,651 shares of the credit-card processor’s stock after selling 106 shares during the quarter. Visa comprises about 1.7% of Jamison Private Wealth Management Inc.’s investment portfolio, making the stock its 14th biggest position. Jamison Private Wealth Management Inc.’s holdings in Visa were worth $11,583,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of V. Decker Retirement Planning Inc. purchased a new stake in Visa in the 4th quarter worth approximately $26,000. Peterson Financial Group Inc. acquired a new stake in shares of Visa during the third quarter worth $26,000. Modus Advisors LLC purchased a new stake in shares of Visa in the fourth quarter valued at $32,000. Reston Wealth Management LLC acquired a new position in Visa in the third quarter valued at $31,000. Finally, Sugar Maple Asset Management LLC purchased a new position in Visa during the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. The trade was a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

V has been the subject of a number of research analyst reports. Citigroup upped their price objective on shares of Visa from $326.00 to $354.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Macquarie increased their price target on shares of Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada boosted their price objective on shares of Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Oppenheimer increased their target price on Visa from $321.00 to $375.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, Susquehanna lifted their target price on Visa from $339.00 to $375.00 and gave the company a “positive” rating in a report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $335.52.

Visa Stock Performance

Shares of V opened at $334.80 on Wednesday. The stock has a market capitalization of $623.69 billion, a PE ratio of 34.41, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. The business’s fifty day moving average price is $315.39 and its 200 day moving average price is $291.29. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $337.83.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same period last year, the firm posted $2.33 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities research analysts forecast that Visa Inc. will post 11.19 EPS for the current year.

Visa Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.