Integrated Advisors Network LLC lessened its stake in Visa Inc. (NYSE:V – Free Report) by 0.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 28,607 shares of the credit-card processor’s stock after selling 186 shares during the quarter. Integrated Advisors Network LLC’s holdings in Visa were worth $7,866,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. POM Investment Strategies LLC increased its stake in Visa by 970.0% in the 2nd quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock worth $28,000 after acquiring an additional 97 shares during 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 purchasing an additional 89 shares in the last quarter. Bbjs Financial Advisors LLC bought a new stake in Visa in the second quarter worth $35,000. CarsonAllaria Wealth Management Ltd. purchased a new stake in Visa during the second quarter valued at $35,000. Finally, Abich Financial Wealth Management LLC lifted its position in Visa by 52.9% during 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. Institutional investors own 82.15% of the company’s stock.
Visa Trading Down 0.8 %
V opened at $281.96 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. The stock’s fifty day moving average is $279.65 and its two-hundred day moving average is $273.26. The company has a market capitalization of $515.69 billion, a P/E ratio of 31.50, a PEG ratio of 1.95 and a beta of 0.96. Visa Inc. has a 52 week low of $230.03 and a 52 week high of $293.07.
Analyst Upgrades and Downgrades
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Insider Transactions at Visa
In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $148,687.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.19% of the company’s stock.
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.
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