Schaper Benz & Wise Investment Counsel Inc. WI grew its position in Visa Inc (NYSE:V) by 0.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 62,667 shares of the credit-card processor’s stock after buying an additional 201 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Visa were worth $10,779,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Visa by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 146,976,797 shares of the credit-card processor’s stock worth $25,507,824,000 after buying an additional 1,615,505 shares in the last quarter. BlackRock Inc. lifted its position in Visa by 2.3% during the 2nd quarter. BlackRock Inc. now owns 123,791,138 shares of the credit-card processor’s stock worth $21,483,952,000 after buying an additional 2,773,330 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Visa by 0.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 78,658,915 shares of the credit-card processor’s stock worth $13,651,254,000 after buying an additional 379,577 shares in the last quarter. Northern Trust Corp lifted its position in Visa by 6.5% during the 2nd quarter. Northern Trust Corp now owns 20,991,024 shares of the credit-card processor’s stock worth $3,642,991,000 after buying an additional 1,276,243 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in Visa by 2.1% during the 3rd quarter. Fisher Asset Management LLC now owns 20,200,734 shares of the credit-card processor’s stock worth $3,474,728,000 after buying an additional 419,991 shares in the last quarter. 80.98% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $177.79, for a total transaction of $1,244,530.00. Following the completion of the transaction, the chief executive officer now owns 55,446 shares of the company’s stock, valued at $9,857,744.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vasant M. Prabhu sold 25,051 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.14, for a total transaction of $4,537,738.14. Following the transaction, the insider now directly owns 62,223 shares of the company’s stock, valued at approximately $11,271,074.22. The disclosure for this sale can be found here. Insiders have sold 53,215 shares of company stock valued at $9,564,487 in the last ninety days. Insiders own 0.17% of the company’s stock.

Several equities research analysts have commented on the stock. Credit Suisse Group boosted their price target on shares of Visa from $200.00 to $203.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. UBS Group boosted their price target on shares of Visa from $183.00 to $187.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Jefferies Financial Group set a $210.00 target price on shares of Visa and gave the company a “buy” rating in a report on Friday, October 25th. SunTrust Banks upped their target price on shares of Visa to $205.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, KeyCorp upped their target price on shares of Visa from $190.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $199.04.

Shares of NYSE V traded up $0.54 during trading hours on Friday, hitting $178.97. 3,894,140 shares of the stock were exchanged, compared to its average volume of 7,614,820. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.69 and a current ratio of 1.56. The company has a market cap of $349.90 billion, a PE ratio of 32.90, a price-to-earnings-growth ratio of 1.83 and a beta of 0.94. The company’s fifty day simple moving average is $176.18 and its two-hundred day simple moving average is $173.34. Visa Inc has a 1-year low of $121.60 and a 1-year high of $187.05.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, October 24th. The credit-card processor reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.04. The business had revenue of $6.14 billion during the quarter, compared to the consensus estimate of $6.08 billion. Visa had a net margin of 52.57% and a return on equity of 42.57%. The firm’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.21 EPS. As a group, sell-side analysts expect that Visa Inc will post 6.21 EPS for the current fiscal year.

The firm also recently declared a dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, November 14th. Visa’s payout ratio is currently 18.38%.

About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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