Pennsylvania Trust Company boosted its position in Visa Inc (NYSE:V) by 6.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The hedge fund owned 210,779 shares of the credit-card processor’s stock after buying an additional 13,351 shares during the period. Visa accounts for 1.4% of Pennsylvania Trust Company’s investment portfolio, making the stock its 16th largest position. Pennsylvania Trust Company’s holdings in Visa were worth $16,346,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Detwiler Fenton Investment Management bought a new position in shares of Visa during the fourth quarter worth $268,000. Prospera Financial Services increased its position in shares of Visa by 7.3% in the fourth quarter. Prospera Financial Services now owns 3,925 shares of the credit-card processor’s stock worth $304,000 after buying an additional 266 shares during the last quarter. RNC Capital Management increased its position in shares of Visa by 7.5% in the fourth quarter. RNC Capital Management now owns 4,284 shares of the credit-card processor’s stock worth $332,000 after buying an additional 300 shares during the last quarter. Union Bankshares increased its position in shares of Visa by 2.9% in the fourth quarter. Union Bankshares now owns 4,321 shares of the credit-card processor’s stock worth $335,000 after buying an additional 120 shares during the last quarter. Finally, Creative Planning increased its position in shares of Visa by 9.2% in the fourth quarter. Creative Planning now owns 26,200 shares of the credit-card processor’s stock worth $345,000 after buying an additional 2,200 shares during the last quarter.

Visa Inc (NYSE:V) opened at 72.70 on Monday. The firm has a 50-day moving average price of $76.19 and a 200-day moving average price of $74.46. Visa Inc has a 1-year low of $60.00 and a 1-year high of $81.01. The firm has a market capitalization of $176.69 billion and a PE ratio of 28.03.

Visa (NYSE:V) last issued its earnings results on Monday, November 2nd. The credit-card processor reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.63 by $0.01. During the same quarter in the previous year, the company posted $2.18 earnings per share. The business earned $3.60 billion during the quarter, compared to analysts’ expectations of $3.56 billion. The business’s quarterly revenue was up 10.6% on a year-over-year basis. Equities analysts expect that Visa Inc will post $2.87 earnings per share for the current fiscal year.

V has been the topic of a number of research analyst reports. Vetr lowered Visa from a “buy” rating to a “hold” rating and set a $82.38 target price on the stock. in a report on Wednesday, November 18th. Sterne Agee CRT initiated coverage on Visa in a report on Thursday, December 17th. They issued a “buy” rating and a $94.00 target price on the stock. Keefe, Bruyette & Woods raised their target price on Visa from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, December 8th. Macquarie reaffirmed an “outperform” rating and issued a $85.00 target price on shares of Visa in a report on Wednesday, December 30th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $85.00 target price on shares of Visa in a report on Monday, November 16th. Four analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $83.80.

In other Visa news, EVP William M. Sheedy sold 60,930 shares of the firm’s stock in a transaction on Wednesday, December 16th. The stock was sold at an average price of $79.47, for a total value of $4,842,107.10. Following the sale, the executive vice president now owns 235,528 shares of the company’s stock, valued at approximately $18,717,410.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Visa Inc. is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments. The Company offers fraud protection for account holders and rapid payment for merchants. The Company provides a variety of payment solutions that support payment products that issuers can offer to their account holders, such as pay now with debit, pay ahead with prepaid or pay later with credit products. The Company offers a suite of digital, eCommerce and mobile products and services.

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