Tarbox Family Office Inc. Takes $207,000 Position in Visa Inc. (NYSE:V)

Tarbox Family Office Inc. bought a new position in Visa Inc. (NYSE:V) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 752 shares of the credit-card processor’s stock, valued at approximately $207,000.

A number of other institutional investors have also bought and sold shares of V. POM Investment Strategies LLC raised its position in shares of 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 buying an additional 97 shares during the last quarter. TruNorth Capital Management LLC increased its holdings in 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 acquiring an additional 89 shares during the last quarter. Bbjs Financial Advisors LLC purchased a new stake in Visa in the 2nd quarter worth $35,000. CarsonAllaria Wealth Management Ltd. bought a new position in shares of Visa during the 2nd quarter valued at about $35,000. Finally, Abich Financial Wealth Management LLC boosted 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 valued at $37,000 after purchasing an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’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 value of $2,382,309.40. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $148,687.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Citigroup reduced their target price on Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Compass Point started coverage on Visa in a report on Wednesday, September 4th. They set a “buy” rating and a $319.00 price objective on the stock. TD Cowen lowered their target price on Visa from $320.00 to $318.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Oppenheimer began coverage on shares of Visa in a research note on Tuesday, October 1st. They set an “outperform” rating and a $318.00 price target on the stock. Finally, Macquarie reissued an “outperform” rating and issued a $300.00 price objective on shares of Visa in a research note on Friday, September 27th. Four investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $314.19.

Visa Trading Down 0.5 %

Shares of NYSE V opened at $281.73 on Friday. Visa Inc. has a twelve month low of $228.03 and a twelve month high of $293.07. The firm has a market cap of $515.27 billion, a PE ratio of 31.48, a price-to-earnings-growth ratio of 1.96 and a beta of 0.96. The business has a fifty day simple moving average of $279.02 and a two-hundred day simple moving average of $273.17. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54.

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.