Allegis Investment Advisors LLC increased its stake in Visa Inc. (NYSE:V) by 7.9% during the second quarter, Holdings Channel reports. The firm owned 11,039 shares of the credit-card processor’s stock after buying an additional 804 shares during the period. Allegis Investment Advisors LLC’s holdings in Visa were worth $847,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. WealthTrust Arizona LLC increased its stake in 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 period. Weybosset Research & Management LLC increased its stake in Visa by 0.8% in the second quarter. Weybosset Research & Management LLC now owns 3,130 shares of the credit-card processor’s stock worth $232,000 after buying an additional 25 shares during the period. Nicolet Bankshares Inc. increased its stake in Visa by 0.3% in the first quarter. Nicolet Bankshares Inc. now owns 8,716 shares of the credit-card processor’s stock worth $667,000 after buying an additional 29 shares during the period. Rehmann Capital Advisory Group increased its stake in Visa by 0.3% in the second quarter. Rehmann Capital Advisory Group now owns 12,869 shares of the credit-card processor’s stock worth $954,000 after buying an additional 35 shares during the period. Finally, Berson & Corrado Investment Advisors LLC increased its stake in Visa by 0.3% in the first quarter. Berson & Corrado Investment Advisors LLC now owns 24,375 shares of the credit-card processor’s stock worth $1,864,000 after buying an additional 67 shares during the period. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Visa Inc. (NYSE:V) opened at 82.07 on Friday. The company has a market capitalization of $193.68 billion, a PE ratio of 34.88 and a beta of 0.91. Visa Inc. has a 12-month low of $66.12 and a 12-month high of $83.63. The firm’s 50 day moving average price is $80.47 and its 200-day moving average price is $77.88.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, July 21st. The credit-card processor reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.03. The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Visa had a return on equity of 22.36% and a net margin of 38.72%. On average, equities analysts anticipate that Visa Inc. will post $2.79 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Friday, August 19th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.68%. Visa’s dividend payout ratio is 24.35%.

A number of analysts have recently issued reports on V shares. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Friday, June 24th. Vetr upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $83.88 price objective on the stock in a report on Monday, June 6th. Sanford C. Bernstein restated a “buy” rating on shares of Visa in a report on Wednesday, June 15th. Oppenheimer Holdings Inc. boosted their target price on shares of Visa from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, June 10th. Finally, Goldman Sachs Group Inc. restated a “buy” rating on shares of Visa in a report on Tuesday, May 31st. Four equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $88.54.

Visa Company Profile

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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