Investment Research & Advisory Group Inc. Boosts Stake in Visa Inc. (NYSE:V)

Investment Research & Advisory Group Inc. grew its stake in shares of Visa Inc. (NYSE:V) by 0.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 19,644 shares of the credit-card processor’s stock after acquiring an additional 51 shares during the quarter. Visa comprises about 2.3% of Investment Research & Advisory Group Inc.’s portfolio, making the stock its 10th biggest holding. Investment Research & Advisory Group Inc.’s holdings in Visa were worth $5,401,000 as of its most recent filing with the SEC.

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

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $148,687.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.19% of the company’s stock.

Visa Price Performance

Visa stock opened at $281.73 on Friday. The stock has a market capitalization of $515.27 billion, a price-to-earnings ratio of 31.48, a PEG ratio of 1.96 and a beta of 0.96. Visa Inc. has a 52-week low of $228.03 and a 52-week high of $293.07. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37. The stock’s 50 day moving average price is $278.73 and its two-hundred day moving average price is $273.17.

Visa (NYSE:V) last issued its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The business had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. During the same period in the prior year, the firm earned $2.16 earnings per share. Visa’s revenue was up 9.6% on a year-over-year basis. On average, equities analysts predict that Visa Inc. will post 9.92 earnings per share for the current year.

Wall Street Analyst Weigh In

V has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their target price on Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Piper Sandler dropped their price objective on shares of Visa from $322.00 to $319.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Morgan Stanley reaffirmed an “overweight” rating and set a $322.00 target price on shares of Visa in a research note on Wednesday, September 25th. TD Cowen dropped their price target on Visa from $320.00 to $318.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Finally, William Blair raised Visa to a “strong-buy” rating in a report on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $314.19.

Visa Company 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.