The Visa Inc. (V) Stake Lowered by Grandfield & Dodd LLC

The Visa Inc. (V) Stake Lowered by Grandfield & Dodd LLC

Grandfield & Dodd LLC decreased its stake in Visa Inc. (NYSE:V) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,262 shares of the credit-card processor’s stock after selling 30 shares during the period. Grandfield & Dodd LLC’s holdings in Visa were worth $390,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Bank of Montreal Can acquired a new position in shares of Visa during the second quarter valued at $262,163,000. Findlay Park Partners LLP boosted its position in shares of Visa by 107.9% in the first quarter. Findlay Park Partners LLP now owns 5,154,970 shares of the credit-card processor’s stock valued at $394,252,000 after buying an additional 2,676,011 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Visa by 4,373.4% in the first quarter. Canada Pension Plan Investment Board now owns 1,713,844 shares of the credit-card processor’s stock valued at $131,075,000 after buying an additional 1,675,532 shares in the last quarter. NN Investment Partners Holdings N.V. acquired a new position in shares of Visa during the first quarter valued at $111,062,000. Finally, Carmignac Gestion boosted its position in shares of Visa by 20.8% in the second quarter. Carmignac Gestion now owns 8,224,233 shares of the credit-card processor’s stock valued at $609,991,000 after buying an additional 1,418,029 shares in the last quarter. Hedge funds and other institutional investors own 80.08% of the company’s stock.

Visa Inc. (NYSE:V) traded up 0.71% on Friday, reaching $82.45. The company’s stock had a trading volume of 6,698,083 shares. The stock’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 announced its quarterly earnings data on Thursday, July 21st. The credit-card processor reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. The firm earned $3.63 billion during the quarter, compared to the consensus estimate of $3.67 billion. Visa had a return on equity of 22.36% and a net margin of 38.72%. Equities research analysts expect that Visa Inc. will post $2.79 earnings per share for the current fiscal year.

V has been the subject of several research reports. Jefferies Group reaffirmed a “buy” rating on shares of Visa in a research note on Tuesday, July 5th. Vetr cut shares of Visa from a “strong-buy” rating to a “buy” rating and set a $84.21 price target for the company. in a research note on Monday, July 11th. Barclays PLC decreased their price target on shares of Visa from $90.00 to $88.00 and set an “overweight” rating for the company in a research note on Thursday, July 7th. Nomura reissued a “buy” rating and issued a $91.00 target price on shares of Visa in a research note on Monday, July 25th. Finally, Goldman Sachs Group Inc. reissued a “buy” rating and issued a $86.00 target price on shares of Visa in a research note on Monday, July 18th. Four research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price 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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