Ownership Capital B.V. Boosts Position in Visa Inc. (V)

Ownership Capital B.V. lifted its holdings in Visa Inc. (NYSE:V) by 0.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 832,467 shares of the credit-card processor’s stock after acquiring an additional 1,703 shares during the period. Visa accounts for approximately 8.4% of Ownership Capital B.V.’s holdings, making the stock its 4th biggest holding. Ownership Capital B.V.’s holdings in Visa were worth $73,981,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Swiss National Bank increased its position in shares of Visa by 23.2% during the first quarter. Swiss National Bank now owns 7,360,428 shares of the credit-card processor’s stock worth $654,121,000 after acquiring an additional 1,388,200 shares during the period. Karp Capital Management Corp increased its position in shares of Visa by 3,256.5% during the first quarter. Karp Capital Management Corp now owns 970,495 shares of the credit-card processor’s stock worth $86,248,000 after acquiring an additional 941,581 shares during the period. MUFG Securities EMEA plc increased its position in shares of Visa by 7.0% during the first quarter. MUFG Securities EMEA plc now owns 11,768,474 shares of the credit-card processor’s stock worth $1,045,864,000 after acquiring an additional 775,000 shares during the period. C WorldWide Group Holding A S increased its position in shares of Visa by 10.2% during the first quarter. C WorldWide Group Holding A S now owns 8,379,106 shares of the credit-card processor’s stock worth $744,651,000 after acquiring an additional 773,707 shares during the period. Finally, Morningstar Investment Services LLC purchased a new position in shares of Visa during the first quarter worth approximately $55,972,000. 81.74% of the stock is owned by hedge funds and other institutional investors.

V has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a research note on Monday, May 29th. Deutsche Bank AG boosted their target price on shares of Visa from $124.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 10th. Vetr downgraded shares of Visa from a “hold” rating to a “sell” rating and set a $92.84 target price for the company. in a research report on Monday, June 5th. Wedbush restated an “outperform” rating and set a $100.00 target price (up from $96.00) on shares of Visa in a research report on Tuesday, June 6th. Finally, Jefferies Group LLC restated a “buy” rating and set a $104.00 target price on shares of Visa in a research report on Sunday, June 25th. Four equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Visa currently has an average rating of “Buy” and a consensus price target of $105.35.

Shares of Visa Inc. (V) traded down 0.74% during mid-day trading on Friday, reaching $105.30. 12,622,921 shares of the company were exchanged. Visa Inc. has a 12 month low of $75.17 and a 12 month high of $106.84. The company’s 50-day moving average is $102.82 and its 200 day moving average is $95.21. The firm has a market capitalization of $240.76 billion, a price-to-earnings ratio of 39.16 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 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.05. Visa had a return on equity of 30.95% and a net margin of 36.53%. The business had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter in the previous year, the business posted $0.69 EPS. Visa’s revenue for the quarter was up 25.8% on a year-over-year basis. Analysts predict that Visa Inc. will post $3.43 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Wednesday, August 16th. Visa’s dividend payout ratio (DPR) is 24.54%.

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

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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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