Warren Averett Asset Management LLC lifted its holdings in shares of Visa Inc. (NYSE:V) by 10.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,466 shares of the credit-card processor’s stock after buying an additional 1,997 shares during the period. Warren Averett Asset Management LLC’s holdings in Visa were worth $1,919,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Clearbridge Investments LLC boosted its position in Visa by 41.4% during the 1st quarter. Clearbridge Investments LLC now owns 9,145,672 shares of the credit-card processor’s stock worth $812,776,000 after buying an additional 2,677,533 shares during the period. Harbour Capital Advisors LLC increased its position in Visa by 10,570.6% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,598,668 shares of the credit-card processor’s stock valued at $17,047,000 after acquiring an additional 1,583,686 shares during the period. Swiss National Bank increased its position in Visa by 23.2% in the 1st quarter. Swiss National Bank now owns 7,360,428 shares of the credit-card processor’s stock valued at $654,121,000 after acquiring an additional 1,388,200 shares during the period. Akre Capital Management LLC increased its position in Visa by 35.0% in the 1st quarter. Akre Capital Management LLC now owns 4,889,020 shares of the credit-card processor’s stock valued at $434,487,000 after acquiring an additional 1,267,080 shares during the period. Finally, Karp Capital Management Corp increased its position in Visa by 3,256.5% in the 1st quarter. Karp Capital Management Corp now owns 970,495 shares of the credit-card processor’s stock valued at $86,248,000 after acquiring an additional 941,581 shares during the period. 81.69% of the stock is owned by institutional investors.

A number of equities analysts recently commented on the company. Vetr raised Visa from a “sell” rating to a “hold” rating and set a $105.08 price objective on the stock in a research note on Wednesday, September 13th. BMO Capital Markets reiterated an “outperform” rating on shares of Visa in a report on Tuesday, September 12th. Royal Bank Of Canada reissued a “buy” rating and set a $124.00 target price on shares of Visa in a research report on Friday, September 22nd. Robert W. Baird reissued a “buy” rating and set a $122.00 target price on shares of Visa in a research report on Tuesday, September 26th. Finally, Buckingham Research started coverage on shares of Visa in a report on Monday. They set a “buy” rating and a $129.00 price target for the company. Three investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $108.76.

Visa Inc. (V) opened at 105.59 on Wednesday. The firm has a 50-day moving average price of $104.22 and a 200-day moving average price of $96.64. The company has a market cap of $241.42 billion, a P/E ratio of 39.27 and a beta of 0.94. Visa Inc. has a 52 week low of $75.17 and a 52 week high of $106.84.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.05. Visa had a return on equity of 30.95% and a net margin of 36.53%. The business had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the prior year, the firm posted $0.69 EPS. The firm’s quarterly revenue was up 25.8% on a year-over-year basis. Equities research analysts anticipate that Visa Inc. will post $3.43 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Wednesday, August 16th. Visa’s payout ratio is 24.54%.

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In other news, 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 transaction, the executive vice president now directly owns 17,360 shares of the company’s stock, valued at $1,751,797.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

About Visa

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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