Capital Investment Advisory Services LLC Has $445,000 Holdings in Visa Inc. (V)

Capital Investment Advisory Services LLC grew its holdings in shares of Visa Inc. (NYSE:V) by 0.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,747 shares of the credit-card processor’s stock after purchasing an additional 20 shares during the period. Capital Investment Advisory Services LLC’s holdings in Visa were worth $445,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mercer Capital Advisers Inc. grew its position in shares of Visa by 2.2% during the 1st quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after purchasing an additional 25 shares in the last quarter. Mascoma Wealth Management LLC acquired a new position in shares of Visa during the 2nd quarter worth approximately $122,000. SpiderRock Advisors LLC grew its position in shares of Visa by 107.1% during the 2nd quarter. SpiderRock Advisors LLC now owns 1,309 shares of the credit-card processor’s stock worth $124,000 after purchasing an additional 19,709 shares in the last quarter. Advantage Investment Management LLC grew its position in shares of Visa by 27.4% during the 1st quarter. Advantage Investment Management LLC now owns 1,462 shares of the credit-card processor’s stock worth $130,000 after purchasing an additional 314 shares in the last quarter. Finally, Delta Asset Management LLC TN grew its position in shares of Visa by 2.5% during the 1st quarter. Delta Asset Management LLC TN now owns 1,541 shares of the credit-card processor’s stock worth $137,000 after purchasing an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 81.68% of the company’s stock.

In other Visa news, Director Mary B. Cranston sold 10,400 shares of the company’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Tullier Kelly Mahon sold 29,772 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was 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 of the company’s stock, valued at $1,751,797.60. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

A number of research analysts have issued reports on the stock. Vetr upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $100.12 target price on the stock in a research report on Tuesday, June 27th. Instinet increased their price target on shares of Visa from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. Wells Fargo & Company reiterated a “market perform” rating and set a $100.00 price target (up previously from $87.50) on shares of Visa in a research report on Saturday, July 22nd. Citigroup Inc. reiterated a “buy” rating and set a $115.00 price target (up previously from $100.00) on shares of Visa in a research report on Monday, July 24th. Finally, Zacks Investment Research lowered shares of Visa from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $109.40.

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Visa (NYSE:V) last posted its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.05. Visa had a net margin of 36.53% and a return on equity of 30.95%. The company had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same period in the prior year, the business posted $0.69 EPS. The firm’s revenue was up 25.8% compared to the same quarter last year.

Visa Profile

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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Institutional Ownership by Quarter for Visa (NYSE:V)

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