The Insight Capital Research & Management Inc. Reduces stake in Visa Inc. (V)

The Insight Capital Research & Management Inc. Reduces stake in Visa Inc. (V)

Insight Capital Research & Management Inc. reduced its stake in Visa Inc. (NYSE:V) by 11.4% during the second quarter, Holdings Channel reports. The firm owned 43,557 shares of the credit-card processor’s stock after selling 5,602 shares during the period. Visa comprises about 1.1% of Insight Capital Research & Management Inc.’s holdings, making the stock its 29th largest position. Insight Capital Research & Management Inc.’s holdings in Visa were worth $3,231,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Iowa State Bank acquired a new stake in Visa during the second quarter worth about $111,000. West Oak Capital LLC increased its stake in Visa by 245.5% in the second quarter. West Oak Capital LLC now owns 1,534 shares of the credit-card processor’s stock worth $114,000 after buying an additional 1,090 shares during the last quarter. 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 last quarter. Invictus RG increased its stake in Visa by 144.2% in the first quarter. Invictus RG now owns 2,454 shares of the credit-card processor’s stock worth $188,000 after buying an additional 1,449 shares during the last quarter. Finally, Arcadia Investment Management Corp MI increased its stake in Visa by 67.3% in the second quarter. Arcadia Investment Management Corp MI now owns 2,700 shares of the credit-card processor’s stock worth $200,000 after buying an additional 1,086 shares during the last quarter. 80.08% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Visa Inc. (NYSE:V) traded up 0.262% during midday trading on Wednesday, reaching $82.255. 3,333,373 shares of the company’s stock traded hands. Visa Inc. has a 52 week low of $66.12 and a 52 week high of $83.79. The stock’s 50 day moving average is $82.14 and its 200-day moving average is $79.27. The company has a market capitalization of $194.12 billion, a PE ratio of 34.958 and a beta of 0.95.

Visa (NYSE:V) last issued 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. Visa had a return on equity of 22.36% and a net margin of 38.72%. The company earned $3.63 billion during the quarter, compared to analysts’ expectations of $3.67 billion. On average, analysts forecast that Visa Inc. will post $2.79 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on the stock. Pacific Crest reaffirmed a “buy” rating on shares of Visa in a research note on Friday, July 22nd. Nomura reaffirmed a “buy” rating and set a $91.00 price target on shares of Visa in a research note on Monday, July 25th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $94.00 target price on shares of Visa in a research note on Friday, August 5th. Sanford C. Bernstein reissued a “buy” rating on shares of Visa in a research note on Wednesday, June 15th. Finally, Stifel Nicolaus increased their target price on shares of Visa from $86.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, July 22nd. Four research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $88.81.

About Visa

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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