Silversage Advisors bought a new position in Visa Inc (NYSE:V) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,131 shares of the credit-card processor’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. CBIZ Investment Advisory Services LLC bought a new position in shares of Visa during the 1st quarter valued at approximately $25,000. AlphaMark Advisors LLC raised its stake in Visa by 57.8% during the first quarter. AlphaMark Advisors LLC now owns 172 shares of the credit-card processor’s stock valued at $28,000 after purchasing an additional 63 shares in the last quarter. Cedar Mountain Advisors LLC lifted its position in Visa by 102.6% during the second quarter. Cedar Mountain Advisors LLC now owns 158 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 80 shares during the last quarter. CVA Family Office LLC bought a new stake in shares of Visa in the 1st quarter worth about $32,000. Finally, Price Wealth LLC increased its holdings in shares of Visa by 90.0% in the 2nd quarter. Price Wealth LLC now owns 190 shares of the credit-card processor’s stock worth $37,000 after buying an additional 90 shares during the last quarter. Institutional investors own 81.41% of the company’s stock.

In related news, insider Rajat Taneja sold 3,279 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $202.02, for a total value of $662,423.58. Following the transaction, the insider now directly owns 221,282 shares in the company, valued at $44,703,389.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Ryan Mcinerney sold 26,150 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $191.87, for a total value of $5,017,400.50. The disclosure for this sale can be found here. Insiders have sold 50,429 shares of company stock worth $9,746,754 in the last three months. 0.19% of the stock is currently owned by corporate insiders.

Several brokerages have weighed in on V. UBS Group reduced their price objective on Visa from $190.00 to $188.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Goldman Sachs Group started coverage on shares of Visa in a report on Tuesday, July 14th. They issued a “buy” rating and a $223.00 price target on the stock. Raymond James lifted their price objective on Visa from $204.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday. Wells Fargo & Co upped their target price on Visa from $205.00 to $220.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Finally, Citigroup raised their price objective on shares of Visa from $205.00 to $223.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Seven investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Visa has a consensus rating of “Buy” and a consensus target price of $207.56.

V opened at $190.40 on Friday. Visa Inc has a twelve month low of $133.93 and a twelve month high of $214.17. The firm has a market capitalization of $377.15 billion, a PE ratio of 36.07, a PEG ratio of 3.09 and a beta of 0.92. The company has a current ratio of 1.55, a quick ratio of 1.25 and a debt-to-equity ratio of 0.59. The firm’s 50-day moving average price is $194.04 and its 200 day moving average price is $187.14.

Visa (NYSE:V) last released its earnings results on Tuesday, July 28th. The credit-card processor reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.05. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.85 billion. Visa had a net margin of 51.37% and a return on equity of 40.65%. The business’s revenue was down 18.6% on a year-over-year basis. During the same period last year, the company posted $1.37 EPS. As a group, analysts predict that Visa Inc will post 4.98 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.20 dividend on an annualized basis and a yield of 0.63%. Visa’s payout ratio is 22.06%.

Visa Company 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.

Featured Article: What is the cash asset ratio?

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:V).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.