Lyell Wealth Management LP Raises Stake in Visa Inc. (NYSE:V)

Lyell Wealth Management LP boosted its position in Visa Inc. (NYSE:V) by 4.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,074 shares of the credit-card processor’s stock after buying an additional 2,192 shares during the period. Visa makes up approximately 1.2% of Lyell Wealth Management LP’s investment portfolio, making the stock its 24th largest holding. Lyell Wealth Management LP’s holdings in Visa were worth $13,218,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Cordatus Wealth Management LLC raised its stake in shares of Visa by 0.3% during the 1st quarter. Cordatus Wealth Management LLC now owns 10,793 shares of the credit-card processor’s stock worth $3,012,000 after buying an additional 37 shares during the period. KMG Fiduciary Partners LLC raised its stake in shares of Visa by 0.3% during the 3rd quarter. KMG Fiduciary Partners LLC now owns 13,933 shares of the credit-card processor’s stock worth $3,831,000 after buying an additional 37 shares during the period. Iron Horse Wealth Management LLC raised its stake in shares of Visa by 15.9% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 270 shares of the credit-card processor’s stock worth $74,000 after buying an additional 37 shares during the period. Tlwm raised its stake in shares of Visa by 0.7% during the 2nd quarter. Tlwm now owns 5,241 shares of the credit-card processor’s stock worth $1,376,000 after buying an additional 38 shares during the period. Finally, Meridian Financial Partners LLC raised its stake in shares of Visa by 0.5% during the 2nd quarter. Meridian Financial Partners LLC now owns 8,160 shares of the credit-card processor’s stock worth $2,196,000 after buying an additional 38 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

NYSE V opened at $281.73 on Friday. The stock has a fifty day simple moving average of $279.02 and a 200-day simple moving average of $273.17. Visa Inc. has a twelve month low of $228.03 and a twelve month high of $293.07. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The stock has a market cap of $515.27 billion, a PE ratio of 31.48, a P/E/G ratio of 1.96 and a beta of 0.96.

Analyst Upgrades and Downgrades

V has been the subject of several research analyst reports. Citigroup reduced their target price on Visa from $321.00 to $319.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Macquarie reiterated an “outperform” rating and set a $300.00 price target on shares of Visa in a research report on Friday, September 27th. Oppenheimer began coverage on Visa in a research report on Tuesday, October 1st. They set an “outperform” rating and a $318.00 price target for the company. Robert W. Baird boosted their price target on Visa from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Finally, TD Cowen dropped their price target on Visa from $320.00 to $318.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Four investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $314.19.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.