Calamos Advisors LLC Has $112,688,000 Stake in Visa Inc. (V)
Calamos Advisors LLC increased its stake in shares of Visa Inc. (NYSE:V) by 66.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,519,314 shares of the credit-card processor’s stock after buying an additional 604,051 shares during the period. Visa makes up approximately 0.8% of Calamos Advisors LLC’s portfolio, making the stock its 24th largest position. Calamos Advisors LLC owned about 0.06% of Visa worth $112,688,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Iowa State Bank bought a new position in Visa during the second quarter valued at about $111,000. West Oak Capital LLC boosted its stake in shares of Visa by 245.5% in the second quarter. West Oak Capital LLC now owns 1,534 shares of the credit-card processor’s stock worth $114,000 after buying an additional 1,090 shares during the last quarter. WealthTrust Arizona LLC boosted its stake in shares of Visa by 0.9% in the second quarter. WealthTrust Arizona LLC now owns 2,393 shares of the credit-card processor’s stock worth $177,000 after buying an additional 21 shares during the last quarter. Invictus RG boosted its stake in shares of Visa by 144.2% in the first quarter. Invictus RG now owns 2,454 shares of the credit-card processor’s stock worth $188,000 after buying an additional 1,449 shares during the last quarter. Finally, Arcadia Investment Management Corp MI boosted its stake in shares of Visa by 67.3% in the second quarter. Arcadia Investment Management Corp MI now owns 2,700 shares of the credit-card processor’s stock worth $200,000 after buying an additional 1,086 shares during the last quarter. Institutional investors own 80.08% of the company’s stock.
Shares of Visa Inc. (NYSE:V) traded down 0.58% on Friday, reaching $82.88. 8,238,129 shares of the company’s stock traded hands. The company’s 50-day moving average is $82.03 and its 200-day moving average is $79.10. Visa Inc. has a 52 week low of $66.12 and a 52 week high of $83.79. The firm has a market capitalization of $195.59 billion, a P/E ratio of 35.22 and a beta of 0.95.
Visa (NYSE:V) last announced its quarterly earnings data on Thursday, July 21st. The credit-card processor reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.03. Visa had a net margin of 38.72% and a return on equity of 22.36%. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.67 billion. Equities research analysts anticipate that Visa Inc. will post $2.79 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on V shares. Jefferies Group reaffirmed a “buy” rating on shares of Visa in a report on Tuesday, July 5th. Vetr cut shares of Visa from a “strong-buy” rating to a “buy” rating and set a $84.21 target price for the company. in a report on Monday, July 11th. Barclays PLC reduced their target price on shares of Visa from $90.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday, July 7th. Nomura reaffirmed a “buy” rating and issued a $91.00 target price on shares of Visa in a report on Monday, July 25th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $86.00 target price on shares of Visa in a report on Monday, July 18th. Four research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. Visa has a consensus rating of “Buy” and an average target price of $88.69.
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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