Eagle Ridge Investment Management lessened its holdings in shares of Visa Inc. (NYSE:V) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 98,054 shares of the credit-card processor’s stock after selling 825 shares during the period. Visa accounts for approximately 1.7% of Eagle Ridge Investment Management’s investment portfolio, making the stock its 15th biggest holding. Eagle Ridge Investment Management’s holdings in Visa were worth $9,196,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wallington Asset Management LLC grew its stake in Visa by 3.8% during the 2nd quarter. Wallington Asset Management LLC now owns 57,779 shares of the credit-card processor’s stock worth $5,419,000 after buying an additional 2,090 shares during the last quarter. Carret Asset Management LLC grew its stake in Visa by 4.5% during the 1st quarter. Carret Asset Management LLC now owns 27,037 shares of the credit-card processor’s stock worth $2,403,000 after buying an additional 1,153 shares during the last quarter. Cypress Asset Management Inc. TX grew its stake in Visa by 31.1% during the 2nd quarter. Cypress Asset Management Inc. TX now owns 14,720 shares of the credit-card processor’s stock worth $1,380,000 after buying an additional 3,495 shares during the last quarter. DE Burlo Group Inc. grew its stake in Visa by 65.9% during the 1st quarter. DE Burlo Group Inc. now owns 145,000 shares of the credit-card processor’s stock worth $12,886,000 after buying an additional 57,600 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its stake in Visa by 158.0% during the 2nd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 273,806 shares of the credit-card processor’s stock worth $25,804,000 after buying an additional 167,687 shares during the last quarter. 81.68% of the stock is currently owned by institutional investors and hedge funds.

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In other Visa news, EVP Tullier Kelly Mahon sold 29,772 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the completion of the transaction, the executive vice president now directly owns 17,360 shares of the company’s stock, valued at approximately $1,751,797.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mary B. Cranston sold 10,400 shares of the stock in a transaction 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. Company insiders own 0.14% of the company’s stock.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The firm had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.36 billion. Visa had a return on equity of 30.95% and a net margin of 36.53%. The firm’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period last year, the company posted $0.69 EPS.

A number of research analysts recently issued reports on V shares. Deutsche Bank AG raised their price target on Visa from $124.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Jefferies Group LLC restated a “buy” rating and set a $104.00 price target on shares of Visa in a research note on Sunday, June 25th. UBS AG restated an “overweight” rating on shares of Visa in a research note on Thursday, August 24th. BidaskClub upgraded Visa from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $100.00 price target (up previously from $87.50) on shares of Visa in a research note on Saturday, July 22nd. Two investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Visa has an average rating of “Buy” and an average price target of $109.40.

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.

Institutional Ownership by Quarter for Visa (NYSE:V)

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