Shelter Ins Retirement Plan continued to hold its position in shares of Visa Inc. (NYSE:V) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,300 shares of the credit-card processor’s stock at the end of the second quarter. Visa comprises 2.9% of Shelter Ins Retirement Plan’s portfolio, making the stock its 18th largest position. Shelter Ins Retirement Plan’s holdings in Visa were worth $6,327,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Iowa State Bank bought a new stake in shares of Visa during the second quarter worth approximately $111,000. West Oak Capital LLC raised its stake in shares of Visa by 245.5% in the second quarter. West Oak Capital LLC now owns 1,534 shares of the credit-card processor’s stock worth $114,000 after buying an additional 1,090 shares in the last quarter. WealthTrust Arizona LLC raised its stake in shares of Visa by 0.9% in the second quarter. WealthTrust Arizona LLC now owns 2,393 shares of the credit-card processor’s stock worth $177,000 after buying an additional 21 shares in the last quarter. Invictus RG raised its stake in shares of Visa by 144.2% in the first quarter. Invictus RG now owns 2,454 shares of the credit-card processor’s stock worth $188,000 after buying an additional 1,449 shares in the last quarter. Finally, Arcadia Investment Management Corp MI raised its stake in shares of Visa by 67.3% in the second quarter. Arcadia Investment Management Corp MI now owns 2,700 shares of the credit-card processor’s stock worth $200,000 after buying an additional 1,086 shares in the last quarter. 80.08% of the stock is owned by institutional investors and hedge funds.
Visa Inc. (NYSE:V) traded down 1.30% during trading on Tuesday, reaching $82.04. 6,201,493 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $82.11 and a 200-day moving average of $79.25. Visa Inc. has a 52 week low of $66.12 and a 52 week high of $83.79. The stock has a market capitalization of $193.61 billion, a PE ratio of 34.87 and a beta of 0.95.
Visa (NYSE:V) last announced its quarterly earnings data on Thursday, July 21st. The credit-card processor reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.03. Visa had a return on equity of 22.36% and a net margin of 38.72%. The business earned $3.63 billion during the quarter, compared to the consensus estimate of $3.67 billion. On average, equities research analysts anticipate that Visa Inc. will post $2.79 EPS for the current year.
Several brokerages recently issued reports on V. Robert W. Baird restated an “outperform” rating and set a $95.00 target price on shares of Visa in a research report on Tuesday, October 4th. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Tuesday, October 4th. Pacific Crest set a $92.00 price target on shares of Visa and gave the stock a “buy” rating in a research report on Wednesday, September 14th. Barclays PLC upped their price target on shares of Visa from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, September 12th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $87.00 price target on shares of Visa in a research report on Tuesday, September 6th. Four analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $88.81.
Visa Company Profile
Visa Inc is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments.
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