RAM Investment Partners LLC Buys 64 Shares of Visa Inc. (NYSE:V)

RAM Investment Partners LLC grew its stake in shares of Visa Inc. (NYSE:V) by 3.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,904 shares of the credit-card processor’s stock after purchasing an additional 64 shares during the period. RAM Investment Partners LLC’s holdings in Visa were worth $524,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. POM Investment Strategies LLC grew its holdings in shares of Visa by 970.0% in the second 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 in the last quarter. TruNorth Capital Management LLC grew its holdings in shares of Visa by 211.9% in the second quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock valued at $34,000 after acquiring an additional 89 shares in the last quarter. Bbjs Financial Advisors LLC bought a new position in shares of Visa in the second quarter valued at approximately $35,000. CarsonAllaria Wealth Management Ltd. bought a new position in shares of Visa in the second quarter valued at approximately $35,000. Finally, Abich Financial Wealth Management LLC lifted its stake in Visa by 52.9% in the first quarter. Abich Financial Wealth Management LLC now owns 133 shares of the credit-card processor’s stock valued at $37,000 after purchasing an additional 46 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Stock Down 0.2 %

Shares of NYSE:V opened at $283.22 on Friday. The stock’s 50-day moving average price is $278.40 and its 200-day moving average price is $273.10. Visa Inc. has a 12-month low of $228.03 and a 12-month high of $293.07. The stock has a market capitalization of $517.99 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 1.96 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.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.42. Visa had a return on equity of 51.94% and a net margin of 54.72%. The firm had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $8.92 billion. During the same period last year, the firm earned $2.16 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, equities analysts anticipate that Visa Inc. will post 9.92 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $148,687.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.19% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on V. William Blair upgraded Visa to a “strong-buy” rating in a research note on Tuesday, July 23rd. Monness Crespi & Hardt reiterated a “neutral” rating on shares of Visa in a research note on Tuesday, September 24th. BMO Capital Markets upped their price objective on Visa from $300.00 to $310.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Morgan Stanley reiterated an “overweight” rating and issued a $322.00 price objective on shares of Visa in a research note on Wednesday, September 25th. Finally, JPMorgan Chase & Co. upped their price objective on Visa from $290.00 to $320.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Four investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $314.19.

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.