Trade Report: The Savant Capital LLC Raises Stake in Visa Inc. (V)

The Savant Capital LLC Raises Stake in Visa Inc. (V)

Savant Capital LLC raised its stake in Visa Inc. (NYSE:V) by 12.9% during the second quarter, Holdings Channel reports. The institutional investor owned 8,199 shares of the credit-card processor’s stock after buying an additional 935 shares during the period. Savant Capital LLC’s holdings in Visa were worth $608,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. WealthTrust Arizona LLC boosted its position in Visa by 0.9% in the second quarter. WealthTrust Arizona LLC now owns 2,393 shares of the credit-card processor’s stock valued at $177,000 after buying an additional 21 shares in the last quarter. Rehmann Capital Advisory Group boosted its position in Visa by 0.3% in the second quarter. Rehmann Capital Advisory Group now owns 12,869 shares of the credit-card processor’s stock valued at $954,000 after buying an additional 35 shares in the last quarter. Amarillo National Bank boosted its position in Visa by 1.2% in the second quarter. Amarillo National Bank now owns 5,787 shares of the credit-card processor’s stock valued at $429,000 after buying an additional 67 shares in the last quarter. Clarius Group LLC boosted its position in Visa by 2.5% in the first quarter. Clarius Group LLC now owns 3,531 shares of the credit-card processor’s stock valued at $270,000 after buying an additional 85 shares in the last quarter. Finally, UMB Bank N A MO boosted its position in Visa by 3.0% in the second quarter. UMB Bank N A MO now owns 2,943 shares of the credit-card processor’s stock valued at $218,000 after buying an additional 86 shares in the last quarter. 80.08% of the stock is owned by institutional investors.

Visa Inc. (NYSE:V) traded up 0.71% during mid-day trading on Friday, hitting $82.45. The stock had a trading volume of 6,698,083 shares. The company’s 50 day moving average price is $82.28 and its 200 day moving average price is $79.34. Visa Inc. has a 52 week low of $66.12 and a 52 week high of $83.79. The firm has a market cap of $194.58 billion, a PE ratio of 35.04 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. The business had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Visa had a return on equity of 22.36% and a net margin of 38.72%. Analysts anticipate that Visa Inc. will post $2.79 earnings per share for the current year.

Several research firms recently weighed in on V. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $99.00 target price on shares of Visa in a research note on Friday. Robert W. Baird reissued an “outperform” rating and issued a $95.00 target price on shares of Visa in a research note on Tuesday, October 4th. Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research note on Tuesday, October 4th. Pacific Crest set a $92.00 target price on shares of Visa and gave the company a “buy” rating in a research note on Wednesday, September 14th. Finally, Barclays PLC raised their target price on shares of Visa from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, September 12th. Four analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $88.94.

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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