Stillwater Investment Management LLC lessened its position in Visa Inc (NYSE:V) by 0.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 39,150 shares of the credit-card processor’s stock after selling 260 shares during the period. Visa makes up about 3.0% of Stillwater Investment Management LLC’s holdings, making the stock its 6th largest position. Stillwater Investment Management LLC’s holdings in Visa were worth $7,563,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Windsor Group LTD lifted its holdings in shares of Visa by 4.2% in the second quarter. Windsor Group LTD now owns 4,852 shares of the credit-card processor’s stock valued at $937,000 after purchasing an additional 197 shares in the last quarter. Bath Savings Trust Co lifted its holdings in shares of Visa by 7.2% in the second quarter. Bath Savings Trust Co now owns 14,543 shares of the credit-card processor’s stock valued at $2,809,000 after purchasing an additional 972 shares in the last quarter. Metropolis Capital Ltd lifted its holdings in shares of Visa by 15.0% in the second quarter. Metropolis Capital Ltd now owns 217,029 shares of the credit-card processor’s stock valued at $41,923,000 after purchasing an additional 28,253 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in shares of Visa by 2.1% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 16,467 shares of the credit-card processor’s stock valued at $3,180,000 after purchasing an additional 335 shares in the last quarter. Finally, First Financial Bank Trust Division lifted its holdings in shares of Visa by 2.7% in the second quarter. First Financial Bank Trust Division now owns 61,674 shares of the credit-card processor’s stock valued at $11,913,000 after purchasing an additional 1,611 shares in the last quarter. 81.59% of the stock is owned by hedge funds and other institutional investors.

In other Visa news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $191.49, for a total transaction of $1,340,430.00. Following the completion of the transaction, the chief executive officer now owns 133,090 shares of the company’s stock, valued at approximately $25,485,404.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rajat Taneja sold 3,279 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $202.02, for a total value of $662,423.58. Following the transaction, the insider now directly owns 221,282 shares of the company’s stock, valued at approximately $44,703,389.64. The disclosure for this sale can be found here. Insiders have sold a total of 50,429 shares of company stock valued at $9,654,214 in the last ninety days. 0.19% of the stock is currently owned by corporate insiders.

Shares of V traded up $1.64 during midday trading on Monday, reaching $197.31. The stock had a trading volume of 3,673,123 shares, compared to its average volume of 8,259,679. Visa Inc has a 12-month low of $133.93 and a 12-month high of $214.17. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. The company’s 50-day moving average is $192.80 and its 200 day moving average is $186.19. The company has a market capitalization of $380.28 billion, a price-to-earnings ratio of 35.47, a price-to-earnings-growth ratio of 3.10 and a beta of 0.92.

Visa (NYSE:V) last released its earnings results on Thursday, April 30th. The credit-card processor reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.04. Visa had a return on equity of 43.45% and a net margin of 52.26%. The company had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.75 billion. During the same quarter in the previous year, the company posted $1.31 EPS. Visa’s revenue for the quarter was up 6.6% on a year-over-year basis. Research analysts forecast that Visa Inc will post 5 EPS for the current fiscal year.

A number of brokerages recently commented on V. Jefferies Financial Group lowered Visa from a “buy” rating to a “hold” rating and dropped their price target for the stock from $190.00 to $180.00 in a report on Wednesday, April 15th. UBS Group dropped their price target on Visa from $190.00 to $188.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Zacks Investment Research upgraded Visa from a “sell” rating to a “hold” rating and set a $181.00 price target on the stock in a report on Sunday, May 3rd. Credit Suisse Group dropped their price target on Visa from $223.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, March 25th. Finally, Morgan Stanley lifted their price target on Visa from $183.00 to $196.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Five equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $206.15.

About Visa

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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