Visa Inc. (NYSE:V) Shares Sold by Diversify Advisory Services LLC

Diversify Advisory Services LLC reduced its holdings in Visa Inc. (NYSE:V) by 7.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 28,825 shares of the credit-card processor’s stock after selling 2,446 shares during the quarter. Diversify Advisory Services LLC’s holdings in Visa were worth $8,209,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. POM Investment Strategies LLC lifted its holdings in Visa by 970.0% in the second quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock worth $28,000 after acquiring an additional 97 shares during the last quarter. TruNorth Capital Management LLC raised its position in shares of Visa by 211.9% during the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock worth $34,000 after purchasing an additional 89 shares during the period. Bbjs Financial Advisors LLC bought a new stake in shares of Visa in the 2nd quarter worth approximately $35,000. CarsonAllaria Wealth Management Ltd. acquired a new position in Visa during the 2nd quarter valued at approximately $35,000. Finally, Abich Financial Wealth Management LLC grew its stake in Visa by 52.9% during the 1st quarter. Abich Financial Wealth Management LLC now owns 133 shares of the credit-card processor’s stock worth $37,000 after buying an additional 46 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

V has been the topic of a number of recent research reports. Robert W. Baird raised their target price on Visa from $320.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. boosted their target price on shares of Visa from $290.00 to $320.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Compass Point began coverage on shares of Visa in a research note on Wednesday, September 4th. They issued a “buy” rating and a $319.00 price target on the stock. Citigroup reduced their price objective on Visa from $321.00 to $319.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, BNP Paribas upgraded Visa from a “neutral” rating to an “outperform” rating and set a $325.00 target price on the stock in a research report on Tuesday, September 3rd. Four equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $314.19.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $148,687.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.19% of the stock is currently owned by company insiders.

Visa Stock Down 0.8 %

NYSE V opened at $281.96 on Wednesday. Visa Inc. has a 12 month low of $230.03 and a 12 month high of $293.07. The company has a market capitalization of $515.69 billion, a P/E ratio of 31.50, a PEG ratio of 1.95 and a beta of 0.96. The company’s 50 day simple moving average is $279.65 and its 200 day simple moving average is $273.26. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37.

Visa Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.