MU Investments Co. Ltd. Has $328,000 Position in Visa Inc. (V)
MU Investments Co. Ltd. cut its position in Visa Inc. (NYSE:V) by 47.9% during the second quarter, Holdings Channel reports. The institutional investor owned 4,280 shares of the credit-card processor’s stock after selling 3,940 shares during the period. MU Investments Co. Ltd.’s holdings in Visa were worth $328,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of V. Iowa State Bank acquired a new stake in shares of Visa during the second quarter worth $111,000. West Oak Capital LLC increased 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 during the last quarter. WealthTrust Arizona LLC increased 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 during the last quarter. Invictus RG increased 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 during the last quarter. Finally, Arcadia Investment Management Corp MI increased 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 during the last quarter. 80.08% of the stock is currently owned by institutional investors.
Shares of Visa Inc. (NYSE:V) traded down 0.58% during midday trading on Friday, reaching $82.88. The company had a trading volume of 8,238,129 shares. Visa Inc. has a 52 week low of $66.12 and a 52 week high of $83.79. The firm has a market capitalization of $195.59 billion, a price-to-earnings ratio of 35.22 and a beta of 0.95. The stock has a 50-day moving average of $82.03 and a 200 day moving average of $79.10.
Visa (NYSE:V) last released its earnings results on Thursday, July 21st. The credit-card processor reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.03. The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.67 billion. Visa had a return on equity of 22.36% and a net margin of 38.72%. On average, analysts anticipate that Visa Inc. will post $2.79 earnings per share for the current year.
A number of equities research analysts have weighed in on V shares. Sanford C. Bernstein reiterated a “buy” rating on shares of Visa in a report on Wednesday, June 15th. Argus reiterated a “buy” rating and issued a $90.00 target price (up from $85.00) on shares of Visa in a report on Monday, July 25th. Deutsche Bank AG reiterated a “buy” rating and issued a $87.00 target price on shares of Visa in a report on Tuesday, September 6th. Vetr downgraded Visa from a “buy” rating to a “hold” rating and set a $83.12 price objective for the company. in a report on Monday, August 15th. Finally, Piper Jaffray Cos. restated an “overweight” rating and set a $94.00 price objective on shares of Visa in a report on Friday, August 5th. Four equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $88.69.
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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