Visa Inc. (V) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its stake in Visa Inc. (NYSE:V) by 1.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 2,640,000 shares of the credit-card processor’s stock after selling 50,000 shares during the quarter. Visa accounts for approximately 1.0% of State of New Jersey Common Pension Fund D’s portfolio, making the stock its 13th largest holding. State of New Jersey Common Pension Fund D owned 0.12% of Visa worth $247,579,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of V. Waldron LP boosted its holdings in shares of Visa by 61.6% in the 1st quarter. Waldron LP now owns 8,951 shares of the credit-card processor’s stock worth $791,000 after buying an additional 3,412 shares during the last quarter. Osborne Partners Capital Management LLC boosted its holdings in shares of Visa by 299.5% in the 1st quarter. Osborne Partners Capital Management LLC now owns 14,041 shares of the credit-card processor’s stock worth $1,248,000 after buying an additional 10,526 shares during the last quarter. Personal Capital Advisors Corp boosted its holdings in shares of Visa by 139.1% in the 1st quarter. Personal Capital Advisors Corp now owns 10,401 shares of the credit-card processor’s stock worth $928,000 after buying an additional 6,051 shares during the last quarter. BTIM Corp. lifted its holdings in Visa by 1.7% during the first quarter. BTIM Corp. now owns 765,690 shares of the credit-card processor’s stock valued at $68,047,000 after purchasing an additional 12,444 shares during the last quarter. Finally, First Manhattan Co. lifted its holdings in Visa by 0.5% during the first quarter. First Manhattan Co. now owns 70,770 shares of the credit-card processor’s stock valued at $5,852,000 after purchasing an additional 368 shares during the last quarter. 81.69% of the stock is currently owned by institutional investors.

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In other news, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total transaction of $1,074,528.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Tullier Kelly Mahon sold 29,772 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $100.91, for a total value of $3,004,292.52. Following the transaction, the executive vice president now directly owns 17,360 shares in the company, valued at approximately $1,751,797.60. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Visa Inc. (V) opened at 106.73 on Friday. Visa Inc. has a 12 month low of $75.17 and a 12 month high of $106.96. The firm’s 50-day moving average is $104.52 and its 200-day moving average is $96.90. The company has a market capitalization of $244.03 billion, a PE ratio of 39.69 and a beta of 0.93.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.05. Visa had a return on equity of 30.95% and a net margin of 36.53%. The business had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the previous year, the company posted $0.69 EPS. The company’s revenue was up 25.8% compared to the same quarter last year. Equities analysts anticipate that Visa Inc. will post $3.43 EPS for the current fiscal year.

Several equities research analysts have commented on the stock. Loop Capital upped their price objective on shares of Visa from $101.00 to $111.00 and gave the company a “buy” rating in a report on Friday, July 21st. They noted that the move was a valuation call. Deutsche Bank AG upped their price objective on shares of Visa from $124.00 to $150.00 and gave the company a “buy” rating in a report on Monday, July 10th. Cantor Fitzgerald assumed coverage on shares of Visa in a report on Thursday, September 28th. They set an “overweight” rating and a $120.00 price objective on the stock. Instinet upped their price objective on shares of Visa from $105.00 to $120.00 and gave the company a “buy” rating in a report on Friday, July 21st. Finally, BidaskClub raised shares of Visa from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Three investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. Visa presently has a consensus rating of “Buy” and a consensus target price of $108.76.

About Visa

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

Institutional Ownership by Quarter for Visa (NYSE:V)

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