Ardevora Asset Management LLP cut its stake in Visa Inc. (NYSE:V) by 0.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 257,900 shares of the credit-card processor’s stock after selling 1,800 shares during the period. Ardevora Asset Management LLP’s holdings in Visa were worth $22,920,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in shares of Visa by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 18,286,230 shares of the credit-card processor’s stock worth $1,625,097,000 after buying an additional 73,926 shares during the period. Fisher Asset Management LLC increased its position in shares of Visa by 1.4% in the first quarter. Fisher Asset Management LLC now owns 15,163,968 shares of the credit-card processor’s stock worth $1,347,622,000 after buying an additional 206,225 shares during the period. MUFG Securities EMEA plc increased its position in shares of Visa by 7.0% in 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 buying an additional 775,000 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of Visa by 2.0% in the first quarter. UBS Asset Management Americas Inc. now owns 8,381,445 shares of the credit-card processor’s stock worth $744,859,000 after buying an additional 164,971 shares during the period. Finally, C WorldWide Group Holding A S increased its position in shares of Visa by 10.2% in 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 buying an additional 773,707 shares during the period. Hedge funds and other institutional investors own 81.74% of the company’s stock.

Shares of Visa Inc. (V) traded down 0.04% during trading on Wednesday, hitting $103.73. 1,464,880 shares of the company’s stock were exchanged. Visa Inc. has a 12-month low of $75.17 and a 12-month high of $104.20. The company has a 50-day moving average of $99.99 and a 200-day moving average of $93.46. The company has a market cap of $237.17 billion, a P/E ratio of 38.58 and a beta of 0.94.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The firm had revenue of $4.57 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 EPS. On average, equities analysts expect that Visa Inc. will post $3.43 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Friday, August 18th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Wednesday, August 16th. Visa’s dividend payout ratio is presently 24.54%.

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A number of research analysts recently weighed in on V shares. Citigroup Inc. restated a “buy” rating and set a $100.00 price objective on shares of Visa in a research report on Thursday, May 25th. UBS AG restated an “overweight” rating on shares of Visa in a research report on Thursday, August 24th. Vetr downgraded shares of Visa from a “hold” rating to a “sell” rating and set a $92.84 price objective on the stock. in a research report on Monday, June 5th. Deutsche Bank AG increased their price objective 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. Finally, Nomura increased their price objective on shares of Visa from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $104.76.

In related news, EVP Tullier Kelly Mahon sold 29,772 shares of Visa stock in a transaction dated 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 sale, the executive vice president now owns 17,360 shares in the company, valued at approximately $1,751,797.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mary B. Cranston sold 10,400 shares of Visa stock in a transaction dated Thursday, August 17th. The stock was 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.

About Visa

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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