Sepio Capital LLC Has $12.87 Million Holdings in Visa Inc (NYSE:V)

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Sepio Capital LLC increased its holdings in shares of Visa Inc (NYSE:V) by 0.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,150 shares of the credit-card processor’s stock after buying an additional 191 shares during the period. Visa accounts for about 1.7% of Sepio Capital LLC’s investment portfolio, making the stock its 7th biggest holding. Sepio Capital LLC’s holdings in Visa were worth $12,871,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of V. Enterprise Financial Services Corp increased its position in shares of Visa by 0.8% during the second quarter. Enterprise Financial Services Corp now owns 7,649 shares of the credit-card processor’s stock worth $1,328,000 after acquiring an additional 59 shares in the last quarter. Radnor Capital Management LLC increased its position in shares of Visa by 0.8% during the second quarter. Radnor Capital Management LLC now owns 8,060 shares of the credit-card processor’s stock worth $1,399,000 after acquiring an additional 60 shares in the last quarter. Peninsula Wealth LLC increased its position in shares of Visa by 0.8% during the second quarter. Peninsula Wealth LLC now owns 7,608 shares of the credit-card processor’s stock worth $1,319,000 after acquiring an additional 61 shares in the last quarter. Convergence Investment Partners LLC increased its position in shares of Visa by 1.7% during the second quarter. Convergence Investment Partners LLC now owns 3,908 shares of the credit-card processor’s stock worth $678,000 after acquiring an additional 66 shares in the last quarter. Finally, Hanson & Doremus Investment Management increased its position in shares of Visa by 7.8% during the second quarter. Hanson & Doremus Investment Management now owns 925 shares of the credit-card processor’s stock worth $161,000 after acquiring an additional 67 shares in the last quarter. 81.34% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE V traded up $0.58 during mid-day trading on Tuesday, reaching $178.17. 2,483,395 shares of the company were exchanged, compared to its average volume of 7,291,835. The company’s 50-day simple moving average is $178.84 and its 200-day simple moving average is $164.07. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $347.64 billion, a P/E ratio of 38.65, a P/E/G ratio of 1.96 and a beta of 0.96. Visa Inc has a twelve month low of $121.60 and a twelve month high of $184.07.

Visa (NYSE:V) last posted its earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.04. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.70 billion. Visa had a net margin of 53.43% and a return on equity of 41.04%. Visa’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.20 EPS. As a group, equities research analysts expect that Visa Inc will post 5.4 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Thursday, August 15th. Visa’s dividend payout ratio is 21.69%.

In related news, insider Vasant M. Prabhu sold 25,051 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.14, for a total transaction of $4,537,738.14. Following the transaction, the insider now directly owns 62,223 shares of the company’s stock, valued at $11,271,074.22. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lloyd Carney sold 3,500 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $182.73, for a total transaction of $639,555.00. Following the transaction, the director now directly owns 3,452 shares in the company, valued at $630,783.96. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by company insiders.

V has been the subject of several recent research reports. Goldman Sachs Group restated a “buy” rating and set a $202.00 target price on shares of Visa in a report on Wednesday, July 24th. Guggenheim increased their target price on shares of Visa from $178.00 to $190.00 and gave the stock a “positive” rating in a report on Wednesday, July 24th. Morgan Stanley increased their target price on shares of Visa from $175.00 to $191.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. UBS Group increased their target price on shares of Visa from $183.00 to $187.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, Barclays increased their target price on shares of Visa from $181.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Two equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Visa presently has a consensus rating of “Buy” and a consensus target price of $195.46.

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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