Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its position in shares of Visa Inc (NYSE:V) by 4.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 549,451 shares of the credit-card processor’s stock after selling 24,000 shares during the quarter. Visa accounts for about 1.2% of Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings, making the stock its 11th biggest holding. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Visa were worth $95,357,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its stake in shares of Visa by 11,319.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 86,570,056 shares of the credit-card processor’s stock valued at $656,000 after purchasing an additional 85,811,983 shares in the last quarter. Lunia Capital LP raised its stake in shares of Visa by 13,370.7% during the fourth quarter. Lunia Capital LP now owns 23,454,446 shares of the credit-card processor’s stock valued at $23,454,000 after purchasing an additional 23,280,332 shares in the last quarter. Thoroughbred Financial Services LLC raised its stake in shares of Visa by 17,806.8% during the second quarter. Thoroughbred Financial Services LLC now owns 3,346,951 shares of the credit-card processor’s stock valued at $334,695,000 after purchasing an additional 3,328,260 shares in the last quarter. FMR LLC raised its stake in shares of Visa by 1.9% during the first quarter. FMR LLC now owns 92,255,849 shares of the credit-card processor’s stock valued at $14,409,440,000 after purchasing an additional 1,731,813 shares in the last quarter. Finally, Swedbank raised its stake in shares of Visa by 26.3% during the fourth quarter. Swedbank now owns 4,890,752 shares of the credit-card processor’s stock valued at $640,395,000 after purchasing an additional 1,019,755 shares in the last quarter. 81.00% of the stock is owned by institutional investors.

NYSE V traded up $2.10 on Friday, hitting $183.69. 5,056,290 shares of the company were exchanged, compared to its average volume of 5,614,129. The company’s 50 day moving average price is $175.24. The company has a quick ratio of 1.62, a current ratio of 1.69 and a debt-to-equity ratio of 0.57. The company has a market cap of $362.47 billion, a price-to-earnings ratio of 39.85, a P/E/G ratio of 2.05 and a beta of 0.96. Visa Inc has a twelve month low of $121.60 and a twelve month high of $183.99.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.04. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. Visa had a return on equity of 41.04% and a net margin of 53.43%. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.20 EPS. Equities research analysts expect that Visa Inc will post 5.39 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.00 annualized dividend and a yield of 0.54%. Visa’s payout ratio is presently 21.69%.

V has been the topic of a number of recent analyst reports. SunTrust Banks lifted their price objective on shares of CoStar Group to $650.00 and gave the company a “buy” rating in a research note on Wednesday. Piper Jaffray Companies set a $824.00 price objective on shares of Chipotle Mexican Grill and gave the company a “buy” rating in a research note on Wednesday. Barclays set a $89.00 price objective on shares of Franco Nevada and gave the company a “hold” rating in a research note on Friday, July 19th. Robert W. Baird set a $196.00 price objective on shares of Visa and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Wedbush restated an “outperform” rating and set a $65.00 price objective (up from $60.00) on shares of Walker & Dunlop in a research note on Wednesday, July 3rd. Two analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $195.29.

In other Visa news, EVP William M. Sheedy sold 75,676 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $165.24, for a total transaction of $12,504,702.24. Following the sale, the executive vice president now owns 300,114 shares in the company, valued at approximately $49,590,837.36. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.17% of the stock is currently owned by insiders.

Visa 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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