Dumont & Blake Investment Advisors LLC cut its holdings in Visa Inc. (NYSE:V) by 3.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,345 shares of the credit-card processor’s stock after selling 275 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Visa were worth $689,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in V. Mercer Capital Advisers Inc. lifted its holdings in Visa by 2.2% in the 1st quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock valued at $104,000 after purchasing an additional 25 shares in the last quarter. Smithfield Trust Co. lifted its holdings in Visa by 0.3% in the 1st quarter. Smithfield Trust Co. now owns 9,047 shares of the credit-card processor’s stock valued at $804,000 after purchasing an additional 25 shares in the last quarter. Harwood Advisory Group LLC lifted its holdings in Visa by 0.9% in the 2nd quarter. Harwood Advisory Group LLC now owns 2,765 shares of the credit-card processor’s stock valued at $259,000 after purchasing an additional 25 shares in the last quarter. Sky Investment Group LLC lifted its holdings in Visa by 0.9% in the 2nd quarter. Sky Investment Group LLC now owns 2,685 shares of the credit-card processor’s stock valued at $252,000 after purchasing an additional 25 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in Visa by 0.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,994 shares of the credit-card processor’s stock valued at $533,000 after purchasing an additional 27 shares in the last quarter. Institutional investors and hedge funds own 81.68% of the company’s stock.

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In other news, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total transaction of $1,074,528.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Tullier Kelly Mahon sold 29,772 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $100.91, for a total value of $3,004,292.52. Following the sale, the executive vice president now owns 17,360 shares in the company, valued at $1,751,797.60. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

A number of research analysts have issued reports on the stock. Vetr upgraded shares of 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. Instinet upped their target price on shares of Visa from $105.00 to $120.00 and gave the company a “buy” rating in a report on Friday, July 21st. Wells Fargo & Company restated a “market perform” rating and issued a $100.00 target price (up from $87.50) on shares of Visa in a report on Saturday, July 22nd. Citigroup Inc. restated a “buy” rating and issued a $115.00 target price (up from $100.00) on shares of Visa in a report on Monday, July 24th. Finally, Zacks Investment Research lowered shares of Visa from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Three research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Visa currently has an average rating of “Buy” and an average target price of $108.76.

Shares of Visa Inc. (NYSE:V) opened at 107.01 on Tuesday. The stock’s 50 day moving average is $104.64 and its 200-day moving average is $97.15. Visa Inc. has a 52-week low of $75.17 and a 52-week high of $107.65. The firm has a market cap of $244.67 billion, a P/E ratio of 39.80 and a beta of 0.94.

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

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.

Institutional Ownership by Quarter for Visa (NYSE:V)

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