SC&H Financial Advisors Inc. Has $1.72 Million Stock Holdings in Visa Inc. (NYSE:V)

SC&H Financial Advisors Inc. lowered its stake in shares of Visa Inc. (NYSE:V) by 2.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 6,241 shares of the credit-card processor’s stock after selling 156 shares during the period. SC&H Financial Advisors Inc.’s holdings in Visa were worth $1,716,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. International Assets Investment Management LLC boosted its position in Visa by 45,189.4% during the third quarter. International Assets Investment Management LLC now owns 9,758,505 shares of the credit-card processor’s stock valued at $2,683,101,000 after purchasing an additional 9,736,958 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Visa by 4,412.3% during the 3rd quarter. SG Americas Securities LLC now owns 4,072,467 shares of the credit-card processor’s stock valued at $1,119,725,000 after buying an additional 4,166,905 shares during the last quarter. National Bank of Canada FI grew its stake in shares of Visa by 787.1% in the 1st quarter. National Bank of Canada FI now owns 4,619,881 shares of the credit-card processor’s stock valued at $1,296,820,000 after buying an additional 4,099,122 shares in the last quarter. Swedbank AB acquired a new position in Visa in the first quarter worth approximately $511,321,000. Finally, GQG Partners LLC raised its position in Visa by 40.1% during the first quarter. GQG Partners LLC now owns 5,990,634 shares of the credit-card processor’s stock valued at $1,671,866,000 after acquiring an additional 1,715,686 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Price Performance

Shares of V opened at $281.96 on Wednesday. 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 firm has a market capitalization of $515.69 billion, a PE ratio of 31.50, a P/E/G ratio of 1.95 and a beta of 0.96. The stock has a 50 day simple moving average of $279.65 and a 200 day simple moving average of $273.26. Visa Inc. has a 52-week low of $230.03 and a 52-week high of $293.07.

Analyst Upgrades and Downgrades

Several analysts have commented on V shares. Morgan Stanley reissued an “overweight” rating and issued a $322.00 target price on shares of Visa in a research report on Wednesday, September 25th. Robert W. Baird increased their target price on shares of Visa from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Jefferies Financial Group cut their target price on Visa from $325.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. The Goldman Sachs Group reiterated a “buy” rating and set a $317.00 price target on shares of Visa in a research note on Thursday, September 12th. Finally, Citigroup cut their price objective on Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Four analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $314.19.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa 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 owns 538 shares of the company’s stock, valued at approximately $148,687.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is owned by corporate insiders.

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.