Visa Inc. (NYSE:V) Shares Acquired by Bristlecone Advisors LLC

Bristlecone Advisors LLC grew its position in Visa Inc. (NYSE:V) by 1.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,704 shares of the credit-card processor’s stock after acquiring an additional 434 shares during the period. Bristlecone Advisors LLC’s holdings in Visa were worth $6,792,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. POM Investment Strategies LLC increased its stake 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 worth $28,000 after purchasing an additional 97 shares in the last quarter. TruNorth Capital Management LLC grew its stake in Visa by 211.9% during 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 in the last quarter. Bbjs Financial Advisors LLC purchased a new stake in Visa during the 2nd quarter valued at about $35,000. CarsonAllaria Wealth Management Ltd. purchased a new stake in Visa during the 2nd quarter valued at about $35,000. Finally, Abich Financial Wealth Management LLC grew its stake in 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 acquiring an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on 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 directly 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.19% of the stock is currently owned by insiders.

Visa Trading Down 0.5 %

NYSE V opened at $281.73 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37. The firm’s fifty day moving average price is $279.02 and its 200 day moving average price is $273.16. The company has a market capitalization of $513.40 billion, a price-to-earnings ratio of 30.13, a price-to-earnings-growth ratio of 1.95 and a beta of 0.96. Visa Inc. has a 12 month low of $228.03 and a 12 month high of $293.07.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on V shares. Monness Crespi & Hardt reiterated a “neutral” rating on shares of Visa in a report on Tuesday, September 24th. The Goldman Sachs Group restated a “buy” rating and issued a $317.00 price objective on shares of Visa in a report on Thursday, September 12th. Bank of America increased their target price on shares of Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. William Blair upgraded shares of Visa to a “strong-buy” rating in a report on Tuesday, July 23rd. Finally, Oppenheimer assumed coverage on shares of Visa in a report on Tuesday, October 1st. They set an “outperform” rating and a $318.00 target price on the stock. Four analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Visa presently has an average rating of “Moderate Buy” and an average price target 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.