Oakworth Capital Inc. continued to hold its position in Visa Inc. (NYSE:V) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,882 shares of the credit-card processor’s stock at the close of the second quarter. Oakworth Capital Inc.’s holdings in Visa were worth $364,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Mercer Capital Advisers Inc. increased its position in Visa by 2.2% in the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after buying an additional 25 shares in the last quarter. Smithfield Trust Co. increased its position in Visa by 0.3% in the first quarter. Smithfield Trust Co. now owns 9,047 shares of the credit-card processor’s stock worth $804,000 after buying an additional 25 shares in the last quarter. Harwood Advisory Group LLC increased its position in Visa by 0.9% in the second quarter. Harwood Advisory Group LLC now owns 2,765 shares of the credit-card processor’s stock worth $259,000 after buying an additional 25 shares in the last quarter. Sky Investment Group LLC increased its position in Visa by 0.9% in the second quarter. Sky Investment Group LLC now owns 2,685 shares of the credit-card processor’s stock worth $252,000 after buying an additional 25 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in Visa by 0.5% in the first quarter. Sequoia Financial Advisors LLC now owns 5,994 shares of the credit-card processor’s stock worth $533,000 after buying an additional 27 shares in the last quarter. 81.68% of the stock is currently owned by institutional investors.

V has been the subject of a number of analyst reports. Oppenheimer Holdings, Inc. upped their price target on Visa from $100.00 to $106.00 in a research report on Tuesday, July 18th. Jefferies Group LLC upped their price target on Visa from $104.00 to $112.00 and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Vetr upgraded Visa from a “hold” rating to a “buy” rating and set a $100.12 price target for the company in a research report on Tuesday, June 27th. Mizuho initiated coverage on Visa in a research report on Tuesday, June 27th. They issued a “buy” rating and a $115.00 price target for the company. Finally, BidaskClub cut Visa from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $108.76.

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Shares of Visa Inc. (V) opened at 107.31 on Wednesday. The company’s 50 day moving average price is $104.76 and its 200-day moving average price is $97.29. Visa Inc. has a 52 week low of $75.17 and a 52 week high of $107.65. The company has a market capitalization of $245.36 billion, a price-to-earnings ratio of 39.91 and a beta of 0.94.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. Visa had a return on equity of 30.95% and a net margin of 36.53%. The firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the prior year, the firm posted $0.69 earnings per share. The firm’s quarterly revenue was up 25.8% on a year-over-year basis. Analysts anticipate that Visa Inc. will post $3.43 earnings per share for the current fiscal year.

In related news, EVP Tullier Kelly Mahon sold 29,772 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total value of $3,004,292.52. Following the transaction, the executive vice president now directly owns 17,360 shares in the company, valued at $1,751,797.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary B. Cranston sold 10,400 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total value of $1,074,528.00. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Visa Company Profile

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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