Visa Inc. (V) Position Boosted by Comgest Global Investors S.A.S.
Comgest Global Investors S.A.S. boosted its position in shares of Visa Inc. (NYSE:V) by 6.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 852,100 shares of the credit-card processor’s stock after buying an additional 50,600 shares during the period. Visa makes up approximately 1.9% of Comgest Global Investors S.A.S.’s investment portfolio, making the stock its 15th largest position. Comgest Global Investors S.A.S.’s holdings in Visa were worth $63,200,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of V. Iowa State Bank acquired a new stake in Visa during the second quarter worth $111,000. West Oak Capital LLC increased its stake in 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 in the last quarter. WealthTrust Arizona LLC increased its stake in 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 in the last quarter. Invictus RG increased its stake in 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 in the last quarter. Finally, Arcadia Investment Management Corp MI increased its stake in 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 in the last quarter. Institutional investors own 80.08% of the company’s stock.
Visa Inc. (NYSE:V) traded up 0.29% during mid-day trading on Monday, hitting $83.12. The stock had a trading volume of 7,365,045 shares. The company has a market cap of $196.16 billion, a PE ratio of 35.33 and a beta of 0.95. The firm’s 50-day moving average price is $82.03 and its 200 day moving average price is $79.10. Visa Inc. has a one year low of $66.12 and a one year high of $83.79.
Visa (NYSE:V) last announced its earnings results on Thursday, July 21st. The credit-card processor reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.03. The business earned $3.63 billion during the quarter, compared to the consensus estimate of $3.67 billion. Visa had a return on equity of 22.36% and a net margin of 38.72%. On average, equities research analysts anticipate that Visa Inc. will post $2.79 EPS for the current year.
Several brokerages recently commented on V. Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research report on Tuesday, October 4th. Robert W. Baird reissued an “outperform” rating and set a $95.00 price objective on shares of Visa in a research report on Tuesday, October 4th. Deutsche Bank AG reissued a “buy” rating and set a $87.00 price objective on shares of Visa in a research report on Tuesday, September 6th. Pacific Crest set a $92.00 target price on shares of Visa and gave the company a “buy” rating in a research note on Wednesday, September 14th. Finally, Barclays PLC upped their target price on shares of Visa from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, September 12th. Four research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $88.81.
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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