Visa Inc. (NYSE:V) Shares Bought by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. increased its holdings in Visa Inc. (NYSE:V) by 2.8% during the third quarter, Holdings Channel reports. The firm owned 16,124 shares of the credit-card processor’s stock after purchasing an additional 443 shares during the period. Sigma Investment Counselors Inc.’s holdings in Visa were worth $4,433,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in V. Cordatus Wealth Management LLC raised its holdings in Visa by 0.3% during the 1st quarter. Cordatus Wealth Management LLC now owns 10,793 shares of the credit-card processor’s stock worth $3,012,000 after buying an additional 37 shares during the period. KMG Fiduciary Partners LLC raised its holdings in shares of Visa by 0.3% during the third quarter. KMG Fiduciary Partners LLC now owns 13,933 shares of the credit-card processor’s stock valued at $3,831,000 after acquiring an additional 37 shares during the period. Iron Horse Wealth Management LLC lifted its position in shares of Visa by 15.9% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 270 shares of the credit-card processor’s stock valued at $74,000 after acquiring an additional 37 shares in the last quarter. Tlwm boosted its stake in Visa by 0.7% in the 2nd quarter. Tlwm now owns 5,241 shares of the credit-card processor’s stock worth $1,376,000 after purchasing an additional 38 shares during the period. Finally, Meridian Financial Partners LLC grew its position in Visa by 0.5% during the 2nd quarter. Meridian Financial Partners LLC now owns 8,160 shares of the credit-card processor’s stock worth $2,196,000 after purchasing an additional 38 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on V shares. Monness Crespi & Hardt reaffirmed a “neutral” rating on shares of Visa in a research report on Tuesday, September 24th. Macquarie restated an “outperform” rating and set a $300.00 price objective on shares of Visa in a research report on Friday, September 27th. Morgan Stanley reiterated an “overweight” rating and issued a $322.00 target price on shares of Visa in a report on Wednesday, September 25th. Compass Point began coverage on shares of Visa in a report on Wednesday, September 4th. They set a “buy” rating and a $319.00 price target for the company. Finally, Keefe, Bruyette & Woods upgraded shares of Visa from a “moderate buy” rating to a “strong-buy” rating in a research note on Tuesday, September 24th. Four analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $314.19.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $148,687.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.19% of the stock is currently owned by company insiders.

Visa Stock Performance

NYSE:V opened at $281.73 on Friday. The firm has a market capitalization of $515.27 billion, a PE ratio of 31.48, a PEG ratio of 1.96 and a beta of 0.96. Visa Inc. has a 1 year low of $228.03 and a 1 year high of $293.07. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The firm’s fifty day simple moving average is $279.02 and its 200 day simple moving average is $273.17.

About Visa

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.