Investment Partners Asset Management Inc. Buys 215 Shares of Visa Inc. (NYSE:V)

Investment Partners Asset Management Inc. grew its stake in shares of Visa Inc. (NYSE:V) by 7.8% in the third quarter, Holdings Channel reports. The fund owned 2,981 shares of the credit-card processor’s stock after acquiring an additional 215 shares during the quarter. Investment Partners Asset Management Inc.’s holdings in Visa were worth $820,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

A number of analysts recently commented on the stock. Monness Crespi & Hardt restated a “neutral” rating on shares of Visa in a research note on Tuesday, September 24th. Macquarie restated an “outperform” rating and set a $300.00 price target on shares of Visa in a research note on Friday, September 27th. BMO Capital Markets increased their target price on shares of Visa from $300.00 to $310.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Compass Point started coverage on shares of Visa in a research note on Wednesday, September 4th. They issued a “buy” rating and a $319.00 target price on the stock. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $317.00 target price on shares of Visa in a research note on Thursday, September 12th. Four investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $314.19.

Insider Activity at Visa

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

Visa Price Performance

V stock opened at $281.96 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37. Visa Inc. has a 52 week low of $230.03 and a 52 week high of $293.07. The firm’s fifty day moving average is $279.65 and its 200 day moving average is $273.26. The firm has a market cap of $515.69 billion, a P/E ratio of 31.50, a P/E/G ratio of 1.95 and a beta of 0.96.

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.