Fiera Capital Corp increased its stake in shares of Visa Inc (NYSE:V) by 184.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 916,722 shares of the credit-card processor’s stock after purchasing an additional 594,398 shares during the quarter. Fiera Capital Corp’s holdings in Visa were worth $121,420,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Shepherd Financial Partners LLC lifted its stake in shares of Visa by 13.8% during the 2nd quarter. Shepherd Financial Partners LLC now owns 33,761 shares of the credit-card processor’s stock worth $4,475,000 after purchasing an additional 4,107 shares during the last quarter. NuWave Investment Management LLC lifted its stake in shares of Visa by 38.4% during the 2nd quarter. NuWave Investment Management LLC now owns 1,448 shares of the credit-card processor’s stock worth $192,000 after purchasing an additional 402 shares during the last quarter. Arjuna Capital purchased a new stake in shares of Visa during the 2nd quarter worth $1,226,000. Oak Asset Management LLC lifted its stake in shares of Visa by 41.0% during the 2nd quarter. Oak Asset Management LLC now owns 11,632 shares of the credit-card processor’s stock worth $1,541,000 after purchasing an additional 3,380 shares during the last quarter. Finally, Montag A & Associates Inc. lifted its stake in shares of Visa by 15.5% during the 2nd quarter. Montag A & Associates Inc. now owns 84,867 shares of the credit-card processor’s stock worth $11,241,000 after purchasing an additional 11,385 shares during the last quarter. 80.18% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on V. Loop Capital upped their price objective on Visa to $157.00 and gave the stock a “buy” rating in a research note on Thursday, July 26th. They noted that the move was a valuation call. Bank of America upped their target price on Visa from $155.00 to $163.00 and gave the company a “buy” rating in a research report on Monday, August 13th. Wells Fargo & Co upped their target price on Visa from $161.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, October 1st. Wolfe Research assumed coverage on Visa in a research report on Tuesday, July 17th. They set an “outperform” rating on the stock. Finally, Oppenheimer upped their target price on Visa from $143.00 to $154.00 and gave the company an “outperform” rating in a research report on Tuesday, July 17th. Two research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. Visa presently has an average rating of “Buy” and a consensus target price of $153.97.

In other Visa news, SVP James H. Hoffmeister sold 6,912 shares of the stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $140.01, for a total transaction of $967,749.12. Following the transaction, the senior vice president now owns 6,912 shares in the company, valued at $967,749.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vasant M. Prabhu sold 25,064 shares of the stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $140.56, for a total value of $3,522,995.84. Following the transaction, the chief financial officer now owns 58,232 shares in the company, valued at approximately $8,185,089.92. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Visa stock traded up $6.33 during midday trading on Friday, hitting $140.06. 12,981,719 shares of the company were exchanged, compared to its average volume of 7,830,906. The firm has a market cap of $305.32 billion, a price-to-earnings ratio of 40.25, a price-to-earnings-growth ratio of 1.86 and a beta of 1.06. Visa Inc has a fifty-two week low of $106.60 and a fifty-two week high of $151.56. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.60.

Visa (NYSE:V) last posted its earnings results on Wednesday, July 25th. The credit-card processor reported $1.20 EPS for the quarter, topping the consensus estimate of $1.09 by $0.11. The firm had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.09 billion. Visa had a return on equity of 36.09% and a net margin of 47.91%. Visa’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the company earned $0.86 earnings per share. Equities analysts expect that Visa Inc will post 4.59 EPS for the current year.

Visa Company Profile

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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