Ingalls & Snyder LLC increased its stake in Visa Inc. (NYSE:V) by 5.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,153 shares of the credit-card processor’s stock after acquiring an additional 1,134 shares during the period. Ingalls & Snyder LLC’s holdings in Visa were worth $2,171,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clearbridge Investments LLC raised 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 valued at $812,776,000 after purchasing an additional 2,677,533 shares during the last quarter. Harbour Capital Advisors LLC raised its position in Visa by 10,570.6% during 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 purchasing an additional 1,583,686 shares during the last quarter. Swiss National Bank raised its position in Visa by 23.2% during 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 purchasing an additional 1,388,200 shares during the last quarter. Akre Capital Management LLC raised its position in Visa by 35.0% during 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 purchasing an additional 1,267,080 shares during the last quarter. Finally, Karp Capital Management Corp raised its position in Visa by 3,256.5% during 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 purchasing an additional 941,581 shares during the last quarter. 81.69% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States and international copyright and trademark law. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/10/09/ingalls-snyder-llc-buys-1134-shares-of-visa-inc-v.html.

Visa Inc. (NYSE:V) opened at 106.73 on Monday. The company has a market capitalization of $244.03 billion, a PE ratio of 39.69 and a beta of 0.93. The company has a 50-day moving average price of $104.52 and a 200-day moving average price of $96.90. Visa Inc. has a one year low of $75.17 and a one year high of $106.96.

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

A number of research analysts have commented on V shares. Oppenheimer Holdings, Inc. upped their price target on Visa from $100.00 to $106.00 in a research report on Tuesday, July 18th. Jefferies Group LLC upped their price target on Visa from $104.00 to $112.00 and gave the company a “buy” rating in a research report on Tuesday, July 18th. Vetr upgraded Visa from a “hold” rating to a “buy” rating and set a $100.12 target price on the stock in a report on Tuesday, June 27th. Mizuho initiated coverage on Visa in a report on Tuesday, June 27th. They set a “buy” rating and a $115.00 target price on the stock. Finally, BidaskClub downgraded Visa from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Three analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $108.76.

In related news, EVP Tullier Kelly Mahon sold 29,772 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were 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 directly owns 17,360 shares in the company, valued at $1,751,797.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total transaction of $1,074,528.00. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Visa Company 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.

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Stock Ratings for Visa Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa Inc. and related stocks with our FREE daily email newsletter.