First Hawaiian Bank lowered its position in Visa Inc (NYSE:V) by 22.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,267 shares of the credit-card processor’s stock after selling 1,559 shares during the period. First Hawaiian Bank’s holdings in Visa were worth $408,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Union Bankshares boosted its position in 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 period. Perkins Coie Trust Company boosted its stake in shares of Visa by 1.0% in the fourth quarter. Perkins Coie Trust Company now owns 15,327 shares of the credit-card processor’s stock worth $1,188,000 after buying an additional 148 shares during the last quarter. Prospera Financial Services boosted its stake 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. Carroll Financial Associates boosted its stake in shares of Visa by 2.7% in the fourth quarter. Carroll Financial Associates now owns 10,167 shares of the credit-card processor’s stock worth $788,000 after buying an additional 268 shares during the last quarter. Finally, RNC Capital Management boosted its stake 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.

Shares of Visa Inc (NYSE:V) traded up 0.04% during trading on Wednesday, hitting $71.91. The company had a trading volume of 3,549,006 shares. The firm has a market capitalization of $174.77 billion and a P/E ratio of 27.72. The company’s 50 day moving average is $75.69 and its 200 day moving average is $74.62. Visa Inc has a 1-year low of $60.00 and a 1-year high of $81.01.

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

V has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Visa in a research report on Wednesday, December 9th. Vetr raised shares of Visa from a “buy” rating to a “strong-buy” rating and set a $85.99 target price for the company in a research report on Monday, December 21st. Goldman Sachs raised shares of Visa from a “buy” rating to a “conviction-buy” rating and boosted their target price for the company from $76.87 to $86.07 in a research report on Tuesday, December 15th. Deutsche Bank reissued a “buy” rating on shares of Visa in a research report on Wednesday, December 16th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $88.00 price objective on shares of Visa in a research report on Wednesday, September 30th. Four analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $83.80.

In other Visa news, EVP William M. Sheedy sold 60,930 shares of Visa stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 235,528 shares of the company’s stock, valued at approximately $18,717,410.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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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