ClariVest Asset Management LLC increased its stake in shares of Visa Inc. (NYSE:V) by 0.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 514,925 shares of the credit-card processor’s stock after buying an additional 649 shares during the period. Visa accounts for about 1.1% of ClariVest Asset Management LLC’s holdings, making the stock its 27th largest position. ClariVest Asset Management LLC’s holdings in Visa were worth $38,192,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Lakeview Capital Partners LLC increased its stake in shares of Visa by 8.8% in the first quarter. Lakeview Capital Partners LLC now owns 8,440 shares of the credit-card processor’s stock valued at $645,000 after buying an additional 683 shares during the period. Hyman Charles D purchased a new stake in shares of Visa during the first quarter valued at about $623,000. Compton Capital Management Inc. RI increased its stake in shares of 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 valued at $1,016,000 after buying an additional 750 shares during the period. Badgley Phelps & Bell Inc. increased its stake in shares of Visa by 0.9% in the first quarter. Badgley Phelps & Bell Inc. now owns 192,442 shares of the credit-card processor’s stock valued at $14,718,000 after buying an additional 1,707 shares during the period. Finally, Terra Nova Asset Management LLC purchased a new stake in shares of Visa during the first quarter valued at about $754,000. Institutional investors own 80.08% of the company’s stock.

Institutional Ownership by Quarter for Visa (NYSE:V)

Visa Inc. (NYSE:V) traded up 0.71% during midday trading on Friday, hitting $82.45. 6,698,083 shares of the stock traded hands. The stock has a market capitalization of $194.58 billion, a P/E ratio of 35.04 and a beta of 0.95. Visa Inc. has a 52 week low of $66.12 and a 52 week high of $83.79. The stock’s 50-day moving average price is $82.28 and its 200-day moving average price is $79.36.

Visa (NYSE:V) last posted its earnings results on Thursday, July 21st. The credit-card processor reported $0.69 EPS for the quarter, topping the Thomson Reuters’ 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 earned $3.63 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Equities research analysts expect that Visa Inc. will post $2.79 EPS for the current fiscal year.

V has been the subject of several recent analyst reports. Sanford C. Bernstein reiterated a “positive” rating and issued a $97.00 target price on shares of Visa in a research note on Tuesday, June 21st. Vetr upgraded shares of Visa from a “buy” rating to a “strong-buy” rating and set a $85.82 target price for the company in a research note on Wednesday, June 22nd. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Friday, June 24th. Atlantic Securities upgraded shares of Visa from a “neutral” rating to an “overweight” rating and set a $92.00 target price for the company in a research note on Tuesday, June 28th. Finally, Jefferies Group reiterated a “buy” rating on shares of Visa in a research note on Tuesday, July 5th. Four investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Visa currently has an average rating of “Buy” and an average price target of $88.94.

About Visa

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.

5 Day Chart for NYSE:V

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