Visa Inc. (NYSE:V) Shares Sold by Anderson Hoagland & Co.

Anderson Hoagland & Co. lessened its holdings in Visa Inc. (NYSE:V) by 10.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 47,687 shares of the credit-card processor’s stock after selling 5,321 shares during the quarter. Visa comprises about 1.6% of Anderson Hoagland & Co.’s holdings, making the stock its 16th biggest position. Anderson Hoagland & Co.’s holdings in Visa were worth $15,242,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Peterson Financial Group Inc. purchased a new stake in Visa during the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of Visa during the fourth quarter worth approximately $26,000. Reston Wealth Management LLC acquired a new position in Visa in the 3rd quarter valued at $31,000. Modus Advisors LLC purchased a new position in Visa in the 4th quarter valued at $32,000. Finally, West Financial Advisors LLC boosted its stake in Visa by 101.4% during the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock worth $40,000 after purchasing an additional 73 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

V has been the topic of several research reports. Wells Fargo & Company raised their price target on shares of Visa from $325.00 to $360.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Bank of America raised their target price on shares of Visa from $314.00 to $331.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their price target on Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Macquarie lifted their price objective on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group boosted their price objective on Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $335.52.

Insider Activity

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

Visa Stock Performance

Shares of V opened at $334.16 on Tuesday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $335.49. The stock has a market capitalization of $622.49 billion, a PE ratio of 34.34, a PEG ratio of 2.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a 50-day simple moving average of $314.95 and a 200-day simple moving average of $290.79.

Visa (NYSE:V) last issued 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 during the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the previous year, the firm earned $2.33 earnings per share. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. On average, analysts predict that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

About Visa

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.