Visa Inc (NYSE:V) Stake Increased by Highlander Capital Management LLC

Highlander Capital Management LLC increased its position in shares of Visa Inc (NYSE:V) by 250.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 700 shares of the credit-card processor’s stock after acquiring an additional 500 shares during the period. Highlander Capital Management LLC’s holdings in Visa were worth $135,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of V. Emerald Advisors LLC lifted its stake in Visa by 2.1% during the second quarter. Emerald Advisors LLC now owns 2,428 shares of the credit-card processor’s stock worth $469,000 after purchasing an additional 51 shares during the period. BEAM Asset Management LLC grew its holdings in Visa by 2.0% during the 2nd quarter. BEAM Asset Management LLC now owns 2,654 shares of the credit-card processor’s stock worth $525,000 after acquiring an additional 52 shares during the period. Perennial Investment Advisors LLC grew its holdings in Visa by 2.6% during the 2nd quarter. Perennial Investment Advisors LLC now owns 2,023 shares of the credit-card processor’s stock worth $391,000 after acquiring an additional 52 shares during the period. Trellis Advisors LLC grew its holdings in Visa by 2.2% during the 2nd quarter. Trellis Advisors LLC now owns 2,419 shares of the credit-card processor’s stock worth $467,000 after acquiring an additional 52 shares during the period. Finally, Atlas Private Wealth Management grew its holdings in Visa by 0.6% during the 2nd quarter. Atlas Private Wealth Management now owns 9,459 shares of the credit-card processor’s stock worth $1,827,000 after acquiring an additional 53 shares during the period. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on V. Bank of America boosted their price objective on shares of Visa from $227.00 to $234.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. Oppenheimer initiated coverage on shares of Visa in a research report on Tuesday, June 23rd. They set an “outperform” rating and a $202.00 target price on the stock. SunTrust Banks increased their target price on shares of Visa from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. KeyCorp upped their price target on shares of Visa from $190.00 to $215.00 and gave the stock a “positive” rating in a report on Monday, August 3rd. Finally, Mizuho assumed coverage on shares of Visa in a research note on Wednesday, August 26th. They issued a “buy” rating and a $250.00 price objective for the company. Seven analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $212.28.

Shares of V traded down $0.86 during trading hours on Friday, hitting $200.68. The company’s stock had a trading volume of 7,438,646 shares, compared to its average volume of 10,539,540. The company has a market cap of $396.36 billion, a price-to-earnings ratio of 38.22, a PEG ratio of 3.10 and a beta of 0.90. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.55 and a quick ratio of 1.55. The business has a 50 day simple moving average of $201.21 and a two-hundred day simple moving average of $186.70. Visa Inc has a 52-week low of $133.93 and a 52-week high of $217.35.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $1.07 EPS for the quarter, beating the consensus estimate of $1.02 by $0.05. The company had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.85 billion. Visa had a net margin of 51.37% and a return on equity of 40.65%. Visa’s revenue for the quarter was down 18.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.37 earnings per share. Research analysts predict that Visa Inc will post 5.01 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 14th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, August 13th. This represents a $1.20 annualized dividend and a yield of 0.60%. Visa’s dividend payout ratio is currently 22.06%.

In other Visa news, Director Lloyd Carney sold 1,550 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $192.64, for a total value of $298,592.00. Following the completion of the transaction, the director now owns 2,962 shares of the company’s stock, valued at approximately $570,599.68. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $195.00, for a total transaction of $1,365,000.00. Following the completion of the transaction, the chief executive officer now directly owns 130,090 shares of the company’s stock, valued at approximately $25,367,550. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 118,122 shares of company stock valued at $24,683,231. 0.19% of the stock is owned by corporate insiders.

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.

Featured Story: What is a Fibonacci Channel?

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc (NYSE:V).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.