New Jersey Better Educational Savings Trust trimmed its position in Visa Inc (NYSE:V) by 12.5% in the second quarter, Holdings Channel reports. The fund owned 7,000 shares of the credit-card processor’s stock after selling 1,000 shares during the quarter. Visa accounts for 1.0% of New Jersey Better Educational Savings Trust’s portfolio, making the stock its 17th largest holding. New Jersey Better Educational Savings Trust’s holdings in Visa were worth $927,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Stifel Financial Corp grew its holdings in Visa by 2.6% during the 1st quarter. Stifel Financial Corp now owns 1,866,738 shares of the credit-card processor’s stock worth $223,368,000 after acquiring an additional 47,939 shares during the period. Robecosam AG grew its holdings in Visa by 17.8% during the 4th quarter. Robecosam AG now owns 9,562 shares of the credit-card processor’s stock worth $1,093,000 after acquiring an additional 1,445 shares during the period. 6 Meridian acquired a new stake in Visa during the 1st quarter worth about $6,393,000. Wealthstreet Investment Advisors LLC grew its holdings in Visa by 2.1% during the 2nd quarter. Wealthstreet Investment Advisors LLC now owns 145,294 shares of the credit-card processor’s stock worth $19,244,000 after acquiring an additional 2,930 shares during the period. Finally, Benson Investment Management Company Inc. grew its holdings in Visa by 362.7% during the 2nd quarter. Benson Investment Management Company Inc. now owns 26,560 shares of the credit-card processor’s stock worth $3,518,000 after acquiring an additional 20,820 shares during the period. Institutional investors own 80.27% of the company’s stock.

In related news, SVP James H. Hoffmeister sold 6,912 shares of the firm’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $140.01, for a total value of $967,749.12. Following the transaction, the senior vice president now owns 6,912 shares of the company’s stock, valued at approximately $967,749.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Vasant M. Prabhu sold 25,064 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $140.56, for a total transaction of $3,522,995.84. Following the completion of the transaction, the chief financial officer now directly owns 58,232 shares in the company, valued at approximately $8,185,089.92. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

A number of analysts have weighed in on the company. Loop Capital increased their price target on Visa to $157.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. They noted that the move was a valuation call. Bank of America increased their price target on Visa from $155.00 to $163.00 and gave the stock a “buy” rating in a report on Monday, August 13th. SunTrust Banks increased their price target on Visa to $170.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. They noted that the move was a valuation call. Wolfe Research assumed coverage on Visa in a report on Tuesday, July 17th. They set an “outperform” rating for the company. Finally, Oppenheimer increased their price target on Visa from $143.00 to $154.00 and gave the stock an “outperform” rating in a report on Tuesday, July 17th. Three equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. Visa currently has an average rating of “Buy” and a consensus target price of $149.35.

Shares of V opened at $147.63 on Friday. Visa Inc has a one year low of $102.75 and a one year high of $148.07. The stock has a market capitalization of $295.96 billion, a PE ratio of 42.42, a PEG ratio of 1.80 and a beta of 1.09. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.69 and a quick ratio of 1.69.

Visa (NYSE:V) last announced its quarterly earnings results on Wednesday, July 25th. The credit-card processor reported $1.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.11. Visa had a net margin of 47.91% and a return on equity of 36.09%. The business had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.09 billion. During the same quarter last year, the firm earned $0.86 EPS. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. sell-side analysts forecast that Visa Inc will post 4.61 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Friday, August 17th were given a $0.21 dividend. The ex-dividend date was Thursday, August 16th. This represents a $0.84 annualized dividend and a yield of 0.57%. Visa’s payout ratio is 24.14%.

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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