GHP Investment Advisors Inc. raised its stake in shares of Visa Inc. (NYSE:V – Free Report) by 2.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 35,325 shares of the credit-card processor’s stock after acquiring an additional 778 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Visa were worth $9,713,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. POM Investment Strategies LLC increased its holdings 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 worth $28,000 after purchasing an additional 97 shares during the period. TruNorth Capital Management LLC increased its holdings 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. Abich Financial Wealth Management LLC boosted its position 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 acquiring an additional 46 shares in the last quarter. CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of Visa during the 2nd quarter valued at about $35,000. Finally, Bbjs Financial Advisors LLC acquired a new stake in shares of Visa during the 2nd quarter valued at about $35,000. Institutional investors own 82.15% of the company’s stock.
Visa Trading Down 0.5 %
Shares of NYSE V opened at $281.73 on Monday. Visa Inc. has a 1-year low of $228.03 and a 1-year high of $293.07. The company has a market cap of $513.40 billion, a PE ratio of 30.13, a P/E/G ratio of 1.95 and a beta of 0.96. 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 company has a 50-day moving average of $279.02 and a two-hundred day moving average of $273.16.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on V
Insiders Place Their Bets
In related news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $148,687.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.19% of the company’s stock.
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.
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