Nicolet Bankshares Inc. Trims Stock Holdings in Visa Inc. (NYSE:V)

Nicolet Bankshares Inc. lessened its stake in shares of Visa Inc. (NYSE:VFree Report) by 8.2% in the third quarter, HoldingsChannel reports. The firm owned 4,573 shares of the credit-card processor’s stock after selling 408 shares during the quarter. Nicolet Bankshares Inc.’s holdings in Visa were worth $1,052,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Visa by 2.5% in the 2nd quarter. BlackRock Inc. now owns 126,912,205 shares of the credit-card processor’s stock valued at $30,139,110,000 after purchasing an additional 3,070,682 shares in the last quarter. State Street Corp lifted its holdings in shares of Visa by 1.7% in the second quarter. State Street Corp now owns 74,133,003 shares of the credit-card processor’s stock valued at $17,605,106,000 after buying an additional 1,235,891 shares during the period. Morgan Stanley lifted its holdings in shares of Visa by 13.0% in the fourth quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock valued at $10,621,287,000 after buying an additional 5,864,340 shares during the period. Geode Capital Management LLC raised its position in Visa by 3.2% during the second quarter. Geode Capital Management LLC now owns 33,239,315 shares of the credit-card processor’s stock valued at $7,874,345,000 after buying an additional 1,016,960 shares during the period. Finally, Moneta Group Investment Advisors LLC grew its position in Visa by 116,608.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock valued at $5,090,978,000 after purchasing an additional 24,483,134 shares in the last quarter. Hedge funds and other institutional investors own 81.35% of the company’s stock.

Visa Trading Down 0.5 %

V traded down $1.52 during mid-day trading on Monday, hitting $274.91. The stock had a trading volume of 2,065,291 shares, compared to its average volume of 5,474,438. The stock’s fifty day simple moving average is $264.58 and its 200-day simple moving average is $249.42. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market capitalization of $504.87 billion, a price-to-earnings ratio of 31.81, a price-to-earnings-growth ratio of 1.91 and a beta of 0.97. Visa Inc. has a 1-year low of $208.76 and a 1-year high of $279.99.

Visa (NYSE:VGet Free Report) last released its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The business had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. During the same quarter last year, the firm earned $2.18 earnings per share. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, research analysts forecast that Visa Inc. will post 9.91 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 9th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, February 8th. Visa’s payout ratio is 23.94%.

Insider Buying and Selling

In other Visa news, insider Rajat Taneja sold 9,200 shares of Visa stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $250.01, for a total value of $2,300,092.00. Following the completion of the sale, the insider now owns 232,112 shares in the company, valued at approximately $58,030,321.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Visa news, insider Rajat Taneja sold 9,200 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $250.01, for a total transaction of $2,300,092.00. Following the sale, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $58,030,321.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $255.79, for a total transaction of $2,084,688.50. Following the completion of the sale, the chief executive officer now directly owns 29,152 shares in the company, valued at $7,456,790.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 97,472 shares of company stock valued at $25,695,420. Company insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on V shares. Monness Crespi & Hardt started coverage on shares of Visa in a report on Wednesday, December 20th. They set a “neutral” rating on the stock. Barclays boosted their target price on shares of Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Wedbush boosted their target price on shares of Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Citigroup boosted their target price on shares of Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, Susquehanna boosted their target price on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and an average price target of $290.55.

View Our Latest Stock Analysis on Visa

About Visa

(Free Report)

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.

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Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:VFree Report).

Institutional Ownership by Quarter for Visa (NYSE:V)

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