Wafra Inc. increased its holdings in Visa Inc (NYSE:V) by 482.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,918 shares of the credit-card processor’s stock after purchasing an additional 87,721 shares during the quarter. Wafra Inc.’s holdings in Visa were worth $17,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. OLD Second National Bank of Aurora purchased a new position in Visa in the 4th quarter worth approximately $27,000. Stephenson National Bank & Trust bought a new stake in shares of Visa during the 4th quarter valued at $28,000. AlphaMark Advisors LLC grew its position in shares of 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 acquiring an additional 63 shares during the period. Laffer Investments bought a new stake in shares of Visa during the 4th quarter valued at $31,000. Finally, Accurate Investment Solutions Inc. grew its position in shares of Visa by 117.1% during the 1st quarter. Accurate Investment Solutions Inc. now owns 241 shares of the credit-card processor’s stock valued at $39,000 after acquiring an additional 130 shares during the period. 82.43% of the stock is currently owned by institutional investors.

A number of research analysts recently weighed in on V shares. Stephens lowered their target price on shares of Visa from $228.00 to $192.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Nomura Securities decreased their price target on shares of Visa from $233.00 to $214.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Wells Fargo & Co decreased their price target on shares of Visa from $230.00 to $205.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Macquarie initiated coverage on shares of Visa in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $250.00 price target on the stock. Finally, Jefferies Financial Group cut shares of Visa from a “buy” rating to a “hold” rating and decreased their target price for the company from $190.00 to $180.00 in a research report on Wednesday, April 15th. Five research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $203.00.

In other news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the 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 sale, the chief executive officer now owns 139,090 shares in the company, valued at $25,283,780.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lynne Biggar sold 5,500 shares of the 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 sale, the executive vice president now owns 19,370 shares in the company, valued at approximately $4,090,556.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,500 shares of company stock valued at $4,782,030. Corporate insiders own 0.19% of the company’s stock.

NYSE V opened at $183.49 on Friday. The company has a fifty day simple moving average of $169.86 and a two-hundred day simple moving average of $183.15. The stock has a market cap of $359.72 billion, a P/E ratio of 33.06, a P/E/G ratio of 2.66 and a beta of 0.92. Visa Inc has a 12-month low of $133.93 and a 12-month high of $214.17. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.65%. Visa’s dividend payout ratio is currently 22.06%.

Visa 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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