Budros Ruhlin & Roe Inc. grew its holdings in shares of Visa Inc (NYSE:V) by 6.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,603 shares of the credit-card processor’s stock after buying an additional 397 shares during the quarter. Budros Ruhlin & Roe Inc.’s holdings in Visa were worth $1,064,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. OLD Second National Bank of Aurora purchased a new stake in shares of Visa during the 4th quarter valued at about $27,000. Stephenson National Bank & Trust bought a new position in Visa during the 4th quarter valued at about $28,000. Laffer Investments bought a new position in Visa during the 4th quarter valued at about $31,000. AlphaMark Advisors LLC grew its holdings in Visa by 57.8% during the 1st quarter. AlphaMark Advisors LLC now owns 172 shares of the credit-card processor’s stock valued at $28,000 after purchasing an additional 63 shares during the last quarter. Finally, Sageworth Trust Co bought a new position in Visa during the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 82.43% of the company’s stock.

Several equities analysts recently commented on the stock. Oppenheimer upped their price target on shares of Visa from $175.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, May 1st. BMO Capital Markets cut their price target on shares of Visa from $234.00 to $213.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Cantor Fitzgerald upped their target price on shares of Visa from $200.00 to $228.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Wedbush upped their target price on shares of Visa from $170.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, April 27th. Finally, Zacks Investment Research upgraded shares of Visa from a “sell” rating to a “hold” rating and set a $181.00 target price on the stock in a research note on Sunday, May 3rd. Five research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Visa currently has an average rating of “Buy” and an average price target of $203.00.

In other Visa news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $181.78, for a total value of $1,272,460.00. Following the completion of the transaction, the chief executive officer now owns 139,090 shares of the company’s stock, valued at $25,283,780.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Lynne Biggar sold 5,500 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $211.18, for a total transaction of $1,161,490.00. Following the completion of the transaction, the executive vice president now directly owns 19,370 shares of the company’s stock, valued at approximately $4,090,556.60. The disclosure for this sale can be found here. Insiders have sold 26,500 shares of company stock valued at $4,782,030 in the last three months. 0.19% of the stock is currently owned by corporate insiders.

NYSE:V opened at $183.49 on Friday. Visa Inc has a 52 week low of $133.93 and a 52 week high of $214.17. The firm has a 50 day moving average of $169.86 and a 200 day moving average of $183.15. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $359.72 billion, a price-to-earnings ratio of 33.06, a PEG ratio of 2.66 and a beta of 0.92.

Visa (NYSE:V) last posted its earnings results on Thursday, April 30th. The credit-card processor reported $1.39 EPS for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.04. Visa had a net margin of 52.26% and a return on equity of 43.45%. The company had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.75 billion. During the same quarter in the prior year, the company posted $1.31 earnings per share. Visa’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, analysts expect that Visa Inc will post 4.99 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Thursday, May 14th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 13th. This represents a $1.20 dividend on an annualized basis and a yield of 0.65%. Visa’s payout ratio is 22.06%.

Visa Company Profile

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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