Investment House LLC boosted its position in Visa Inc (NYSE:V) by 2.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,885 shares of the credit-card processor’s stock after acquiring an additional 850 shares during the period. Investment House LLC’s holdings in Visa were worth $6,922,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Asset Dedication LLC increased its stake in shares of Visa by 4.2% in the second quarter. Asset Dedication LLC now owns 16,109 shares of the credit-card processor’s stock valued at $2,799,000 after buying an additional 647 shares during the period. Laurel Wealth Advisors Inc. boosted its position in Visa by 12.0% during the first quarter. Laurel Wealth Advisors Inc. now owns 7,181 shares of the credit-card processor’s stock worth $1,122,000 after purchasing an additional 767 shares during the period. Doliver Advisors LP boosted its position in Visa by 16.8% during the second quarter. Doliver Advisors LP now owns 14,848 shares of the credit-card processor’s stock worth $2,577,000 after purchasing an additional 2,134 shares during the period. Investec Asset Management LTD boosted its position in Visa by 6.6% during the second quarter. Investec Asset Management LTD now owns 4,900,087 shares of the credit-card processor’s stock worth $850,410,000 after purchasing an additional 305,148 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in Visa by 18.2% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 406,519 shares of the credit-card processor’s stock worth $63,494,000 after purchasing an additional 62,736 shares during the period. Institutional investors and hedge funds own 81.34% of the company’s stock.

Shares of NYSE V traded up $1.72 during trading hours on Wednesday, reaching $180.96. The stock had a trading volume of 1,648,699 shares, compared to its average volume of 7,535,775. The business’s fifty day moving average is $178.71 and its two-hundred day moving average is $162.97. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market cap of $353.59 billion, a price-to-earnings ratio of 39.25, a PEG ratio of 1.99 and a beta of 0.96. Visa Inc has a twelve month low of $121.60 and a twelve month high of $184.07.

Visa (NYSE:V) last issued its earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.04. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. Visa had a return on equity of 41.04% and a net margin of 53.43%. Visa’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.20 earnings per share. Sell-side analysts forecast that Visa Inc will post 5.4 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 16th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. Visa’s payout ratio is 21.69%.

In other Visa news, Director Lloyd Carney sold 3,500 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $182.73, for a total transaction of $639,555.00. Following the completion of the transaction, the director now directly owns 3,452 shares in the company, valued at $630,783.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Denise M. Morrison acquired 1,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average price of $171.13 per share, with a total value of $171,130.00. Following the completion of the purchase, the director now directly owns 3,223 shares of the company’s stock, valued at $551,551.99. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company’s stock.

V has been the subject of a number of recent analyst reports. Zacks Investment Research cut Visa from a “buy” rating to a “hold” rating and set a $180.00 target price for the company. in a research report on Saturday, June 15th. SunTrust Banks increased their price objective on Visa to $205.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Citigroup set a $206.00 price objective on Visa and gave the company a “buy” rating in a research report on Friday, July 19th. Deutsche Bank increased their price objective on Visa from $177.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Finally, Jefferies Financial Group increased their price objective on Visa from $190.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Two equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $195.46.

Visa Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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