Greatmark Investment Partners Inc. Continues to Hold Position in Visa Inc (V)
Greatmark Investment Partners Inc. held its stake in shares of Visa Inc (NYSE:V) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,256 shares of the credit-card processor’s stock at the end of the second quarter. Greatmark Investment Partners Inc.’s holdings in Visa were worth $399,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Wallington Asset Management LLC boosted its position in shares of Visa by 3.8% during the second quarter. Wallington Asset Management LLC now owns 57,779 shares of the credit-card processor’s stock valued at $5,419,000 after buying an additional 2,090 shares during the period. Carret Asset Management LLC boosted its position in shares of Visa by 4.5% during the first quarter. Carret Asset Management LLC now owns 27,037 shares of the credit-card processor’s stock valued at $2,403,000 after buying an additional 1,153 shares during the period. Cypress Asset Management Inc. TX boosted its position in shares of Visa by 31.1% during the second quarter. Cypress Asset Management Inc. TX now owns 14,720 shares of the credit-card processor’s stock valued at $1,380,000 after buying an additional 3,495 shares during the period. DE Burlo Group Inc. boosted its position in shares of Visa by 65.9% during the first quarter. DE Burlo Group Inc. now owns 145,000 shares of the credit-card processor’s stock valued at $12,886,000 after buying an additional 57,600 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its position in shares of Visa by 158.0% during the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 273,806 shares of the credit-card processor’s stock valued at $25,804,000 after buying an additional 167,687 shares during the period. Institutional investors and hedge funds own 81.65% of the company’s stock.
In other Visa news, Director Mary B. Cranston sold 10,400 shares of Visa stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total value of $1,074,528.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Tullier Kelly Mahon sold 29,772 shares of Visa stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the completion of the transaction, the executive vice president now owns 17,360 shares in the company, valued at $1,751,797.60. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.
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A number of analysts recently issued reports on the company. Wells Fargo & Company upgraded Visa from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $107.01 to $120.00 in a report on Tuesday, October 10th. UBS AG reiterated an “overweight” rating on shares of Visa in a report on Thursday, August 24th. Deutsche Bank AG boosted their price target on Visa from $124.00 to $150.00 and gave the company a “buy” rating in a report on Monday, July 10th. Nomura boosted their price target on Visa from $105.00 to $120.00 and gave the company a “buy” rating in a report on Friday, July 21st. Finally, KeyCorp reiterated a “buy” rating and issued a $110.00 price target on shares of Visa in a report on Friday, August 25th. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $110.66.
Shares of Visa Inc (V) opened at 107.54 on Wednesday. The stock has a market capitalization of $245.88 billion, a price-to-earnings ratio of 39.99 and a beta of 0.94. The stock’s 50 day moving average is $105.24 and its 200-day moving average is $97.71. Visa Inc has a one year low of $75.17 and a one year high of $109.26.
Visa (NYSE:V) last announced its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.05. Visa had a net margin of 45.10% and a return on equity of 30.90%. The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same period last year, the business earned $0.69 EPS. Visa’s revenue for the quarter was up 25.8% compared to the same quarter last year. On average, equities research analysts predict that Visa Inc will post $3.43 EPS for the current fiscal year.
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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