Eagle Asset Management Inc. boosted its stake in Visa Inc. (NYSE:V) by 4.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,374 shares of the credit-card processor’s stock after buying an additional 146 shares during the period. Eagle Asset Management Inc.’s holdings in Visa were worth $316,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in V. Capital Investment Advisory Services LLC boosted its holdings in Visa by 0.4% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 4,747 shares of the credit-card processor’s stock valued at $445,000 after purchasing an additional 20 shares during the period. Baker Ellis Asset Management LLC boosted its holdings in Visa by 0.3% in the 2nd quarter. Baker Ellis Asset Management LLC now owns 6,262 shares of the credit-card processor’s stock valued at $587,000 after purchasing an additional 20 shares during the period. Washington Trust Bank boosted its holdings in Visa by 0.8% in the 2nd quarter. Washington Trust Bank now owns 3,895 shares of the credit-card processor’s stock valued at $365,000 after purchasing an additional 32 shares during the period. Lakeview Capital Partners LLC boosted its holdings in Visa by 0.8% in the 2nd quarter. Lakeview Capital Partners LLC now owns 4,283 shares of the credit-card processor’s stock valued at $402,000 after purchasing an additional 34 shares during the period. Finally, Aspen Investment Management Inc boosted its holdings in Visa by 0.4% in the 1st quarter. Aspen Investment Management Inc now owns 9,272 shares of the credit-card processor’s stock valued at $824,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 82.09% of the company’s stock.

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A number of research firms have issued reports on V. Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a report on Thursday, November 2nd. Jefferies Group LLC boosted their price objective on shares of Visa from $125.00 to $127.00 and gave the company a “buy” rating in a report on Monday, October 30th. Buckingham Research boosted their price objective on shares of Visa from $129.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Nomura boosted their price objective on shares of Visa from $120.00 to $126.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, Barclays PLC boosted their price objective on shares of Visa from $123.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday, October 26th. Three research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $116.08.

Shares of Visa Inc. (NYSE:V) opened at $109.95 on Tuesday. Visa Inc. has a 12-month low of $75.17 and a 12-month high of $112.90. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.65 and a current ratio of 1.90. The firm has a market cap of $251,430.00, a price-to-earnings ratio of 31.56, a PEG ratio of 1.61 and a beta of 0.98.

Visa (NYSE:V) last posted its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.05. Visa had a net margin of 36.49% and a return on equity of 31.80%. The company had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.63 billion. During the same period in the prior year, the company posted $0.78 earnings per share. Visa’s revenue for the quarter was up 13.9% compared to the same quarter last year. research analysts anticipate that Visa Inc. will post 4.05 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th will be given a dividend of $0.195 per share. The ex-dividend date is Thursday, November 16th. This is a boost from Visa’s previous quarterly dividend of $0.17. This represents a $0.78 annualized dividend and a dividend yield of 0.71%. Visa’s dividend payout ratio is 27.86%.

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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