First Citizens Bank & Trust Co. Buys 668 Shares of Visa Inc. (NYSE:V)

First Citizens Bank & Trust Co. lifted its position in Visa Inc. (NYSE:V) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,574 shares of the credit-card processor’s stock after acquiring an additional 668 shares during the period. First Citizens Bank & Trust Co.’s holdings in Visa were worth $20,092,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of V. Archford Capital Strategies LLC boosted its position in shares of Visa by 1.3% during the fourth quarter. Archford Capital Strategies LLC now owns 34,469 shares of the credit-card processor’s stock worth $10,894,000 after purchasing an additional 451 shares in the last quarter. Duncan Williams Asset Management LLC raised its stake in Visa by 73.6% during the 4th quarter. Duncan Williams Asset Management LLC now owns 9,860 shares of the credit-card processor’s stock worth $3,116,000 after buying an additional 4,179 shares during the period. TTP Investments Inc. lifted its holdings in Visa by 51.6% during the fourth quarter. TTP Investments Inc. now owns 1,261 shares of the credit-card processor’s stock worth $399,000 after acquiring an additional 429 shares in the last quarter. AlphaMark Advisors LLC grew its stake in Visa by 113.0% in the fourth quarter. AlphaMark Advisors LLC now owns 245 shares of the credit-card processor’s stock valued at $77,000 after acquiring an additional 130 shares during the period. Finally, Moody Lynn & Lieberson LLC increased its holdings in shares of Visa by 10.6% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 54,292 shares of the credit-card processor’s stock worth $17,158,000 after acquiring an additional 5,220 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Susquehanna increased their target price on Visa from $339.00 to $375.00 and gave the stock a “positive” rating in a research note on Wednesday, December 11th. Bank of America raised their price objective on shares of Visa from $314.00 to $331.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Robert W. Baird upped their target price on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Oppenheimer lifted their price target on Visa from $321.00 to $375.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $335.52.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on 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 represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Visa Stock Up 0.1 %

Shares of V opened at $334.80 on Wednesday. The firm’s 50-day simple moving average is $315.39 and its 200 day simple moving average is $291.29. 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 firm has a market cap of $623.69 billion, a P/E ratio of 34.41, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $337.83.

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