Conning Inc. boosted its position in shares of Visa Inc. (NYSE:V) by 0.3% during the third quarter, Holdings Channel reports. The firm owned 50,504 shares of the credit-card processor’s stock after buying an additional 130 shares during the period. Conning Inc.’s holdings in Visa were worth $4,177,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Weybosset Research & Management LLC boosted its position in shares of Visa by 0.8% in the second quarter. Weybosset Research & Management LLC now owns 3,130 shares of the credit-card processor’s stock worth $232,000 after buying an additional 25 shares in the last quarter. Rehmann Capital Advisory Group boosted its position in shares of Visa by 0.3% in the second quarter. Rehmann Capital Advisory Group now owns 12,869 shares of the credit-card processor’s stock worth $954,000 after buying an additional 35 shares in the last quarter. Cypress Asset Management Inc. TX boosted its position in shares of Visa by 0.3% in the third quarter. Cypress Asset Management Inc. TX now owns 12,050 shares of the credit-card processor’s stock worth $997,000 after buying an additional 40 shares in the last quarter. Cypress Wealth Advisors LLC boosted its position in shares of Visa by 1.6% in the second quarter. Cypress Wealth Advisors LLC now owns 2,964 shares of the credit-card processor’s stock worth $220,000 after buying an additional 46 shares in the last quarter. Finally, SSI Investment Management Inc. boosted its position in shares of Visa by 1.1% in the second quarter. SSI Investment Management Inc. now owns 4,150 shares of the credit-card processor’s stock worth $308,000 after buying an additional 47 shares in the last quarter. 79.56% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Visa (NYSE:V)

Shares of Visa Inc. (NYSE:V) opened at 81.17 on Friday. The firm has a market cap of $189.94 billion, a P/E ratio of 32.07 and a beta of 0.95. Visa Inc. has a 12 month low of $66.12 and a 12 month high of $83.96. The stock’s 50 day moving average price is $79.05 and its 200-day moving average price is $80.18.

Visa (NYSE:V) last posted its quarterly earnings data on Monday, October 24th. The credit-card processor reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.05. The company earned $4.26 billion during the quarter. Visa had a net margin of 39.72% and a return on equity of 24.31%. The business’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 EPS. Equities research analysts anticipate that Visa Inc. will post $3.29 earnings per share for the current fiscal year.

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Several research analysts recently commented on the company. Vetr upgraded Visa from a “buy” rating to a “strong-buy” rating and set a $84.80 price target on the stock in a research note on Thursday, December 1st. Barclays PLC reiterated an “overweight” rating and issued a $100.00 price target (up previously from $90.00) on shares of Visa in a research note on Friday, October 21st. BMO Capital Markets reiterated a “top pick” rating and issued a $99.00 price target on shares of Visa in a research note on Friday, January 6th. Zacks Investment Research cut Visa from a “buy” rating to a “hold” rating in a research note on Friday, October 21st. Finally, Guggenheim upgraded Visa from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $66.12 to $89.00 in a research note on Monday, December 5th. Five equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $91.65.

In other news, insider Charles W. Scharf sold 772,912 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $82.65, for a total transaction of $63,881,176.80. Following the completion of the sale, the insider now owns 852,880 shares of the company’s stock, valued at $70,490,532. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Ryan Mcinerney sold 18,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $82.92, for a total transaction of $1,534,020.00. Following the sale, the president now directly owns 12,548 shares of the company’s stock, valued at approximately $1,040,480.16. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

About Visa

Visa Inc is a payments technology company. The Company and its subsidiaries, including Visa U.SA Inc (Visa U.SA), Visa International Service Association (Visa International), Visa Worldwide Pte. Limited, Visa Canada Corporation, Inovant LLC and CyberSource Corporation (CyberSource), operate a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions around the world.

5 Day Chart for NYSE:V

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