Visa (V) Shares Sold by Nicolet Bankshares Inc.

Nicolet Bankshares Inc. cut its position in Visa (NYSE:V) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,998 shares of the credit-card processor’s stock after selling 504 shares during the period. Nicolet Bankshares Inc.’s holdings in Visa were worth $798,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Beach Point Capital Management LP acquired a new position in Visa during the 3rd quarter valued at about $5,736,000. Calamos Wealth Management LLC boosted its stake in Visa by 186.5% during the 3rd quarter. Calamos Wealth Management LLC now owns 68,524 shares of the credit-card processor’s stock valued at $7,211,000 after purchasing an additional 44,609 shares during the last quarter. Gs Investments Inc. acquired a new position in Visa during the 2nd quarter valued at about $2,408,000. Meyer Handelman Co. boosted its stake in Visa by 38.3% during the 3rd quarter. Meyer Handelman Co. now owns 22,124 shares of the credit-card processor’s stock valued at $2,329,000 after purchasing an additional 6,124 shares during the last quarter. Finally, Ramsay Stattman Vela & Price Inc. boosted its stake in Visa by 2.9% during the 3rd quarter. Ramsay Stattman Vela & Price Inc. now owns 35,137 shares of the credit-card processor’s stock valued at $3,698,000 after purchasing an additional 985 shares during the last quarter. Institutional investors own 81.55% of the company’s stock.

Shares of NYSE V opened at $121.07 on Friday. Visa has a twelve month low of $88.43 and a twelve month high of $126.88. The company has a market capitalization of $248,748.05, a PE ratio of 34.79, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.60.



Visa (NYSE:V) last posted its quarterly earnings results on Thursday, February 1st. The credit-card processor reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.10. The company had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.82 billion. Visa had a net margin of 38.12% and a return on equity of 32.97%. Visa’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 EPS. analysts forecast that Visa will post 4.38 EPS for the current fiscal year.

Visa announced that its board has approved a share repurchase program on Thursday, February 1st that authorizes the company to repurchase $7.50 billion in outstanding shares. This repurchase authorization authorizes the credit-card processor to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

A number of research firms have issued reports on V. Guggenheim reiterated a “buy” rating and set a $143.00 price target on shares of Visa in a research note on Monday. Zacks Investment Research upgraded Visa from a “hold” rating to a “buy” rating and set a $133.00 price target for the company in a research note on Saturday, April 7th. Vetr downgraded Visa from a “strong-buy” rating to a “buy” rating and set a $135.00 price target for the company. in a research note on Thursday, April 5th. ValuEngine upgraded Visa from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Sanford C. Bernstein began coverage on Visa in a research note on Tuesday, March 27th. They set an “outperform” rating and a $143.00 price target for the company. Two investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Visa has a consensus rating of “Buy” and an average target price of $135.19.

In related news, EVP Lynne Biggar sold 1,712 shares of Visa stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $120.00, for a total value of $205,440.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.14% of the company’s stock.

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Visa Company 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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