Prentiss Smith & Co. Inc. maintained its position in shares of Visa Inc. (NYSE:V) during the second quarter, according to its most recent filing with the SEC. The firm owned 4,080 shares of the credit-card processor’s stock at the end of the second quarter. Prentiss Smith & Co. Inc.’s holdings in Visa were worth $303,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in V. Compton Capital Management Inc. RI increased its stake in Visa by 6.0% in the first quarter. Compton Capital Management Inc. RI now owns 13,285 shares of the credit-card processor’s stock worth $1,016,000 after buying an additional 750 shares in the last quarter. Badgley Phelps & Bell Inc. increased its stake in Visa by 0.9% in the first quarter. Badgley Phelps & Bell Inc. now owns 192,442 shares of the credit-card processor’s stock worth $14,718,000 after buying an additional 1,707 shares in the last quarter. Terra Nova Asset Management LLC purchased a new stake in Visa during the first quarter worth approximately $754,000. Virginia Retirement System purchased a new stake in Visa during the first quarter worth approximately $50,068,000. Finally, Thomas White International Ltd. increased its stake in Visa by 0.7% in the first quarter. Thomas White International Ltd. now owns 27,167 shares of the credit-card processor’s stock worth $2,078,000 after buying an additional 195 shares in the last quarter. Institutional investors and hedge funds own 80.08% of the company’s stock.
Visa Inc. (NYSE:V) traded up 0.71% during midday trading on Friday, hitting $82.45. The stock had a trading volume of 6,698,083 shares. The stock has a 50 day moving average of $82.28 and a 200 day moving average of $79.34. The stock has a market cap of $194.58 billion, a price-to-earnings ratio of 35.04 and a beta of 0.95. Visa Inc. has a 12 month low of $66.12 and a 12 month high of $83.79.
Visa (NYSE:V) last issued its earnings results on Thursday, July 21st. The credit-card processor reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. The firm earned $3.63 billion during the quarter, compared to the consensus estimate of $3.67 billion. Visa had a net margin of 38.72% and a return on equity of 22.36%. Analysts expect that Visa Inc. will post $2.79 EPS for the current fiscal year.
A number of research firms recently commented on V. Argus reiterated a “buy” rating and issued a $90.00 target price (up from $85.00) on shares of Visa in a research report on Monday, July 25th. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $94.00 target price on shares of Visa in a research report on Friday, August 5th. William Blair reiterated an “outperform” rating on shares of Visa in a research report on Tuesday, July 19th. Zacks Investment Research upgraded Visa from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Tuesday, July 19th. Finally, Sanford C. Bernstein reiterated a “positive” rating and issued a $97.00 target price on shares of Visa in a research report on Tuesday, June 21st. Four analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $88.94.
Visa Company Profile
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.
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