Barnes Pettey Financial Advisors LLC Grows Stake in Visa Inc. (NYSE:V)

Barnes Pettey Financial Advisors LLC lifted its holdings in shares of Visa Inc. (NYSE:V) by 9.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,862 shares of the credit-card processor’s stock after buying an additional 167 shares during the quarter. Barnes Pettey Financial Advisors LLC’s holdings in Visa were worth $512,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Cordatus Wealth Management LLC boosted its holdings in shares of Visa by 0.3% in the first 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 last quarter. KMG Fiduciary Partners LLC lifted its holdings in Visa by 0.3% during the third quarter. KMG Fiduciary Partners LLC now owns 13,933 shares of the credit-card processor’s stock valued at $3,831,000 after purchasing an additional 37 shares in the last quarter. Iron Horse Wealth Management LLC lifted its holdings in Visa by 15.9% during the third quarter. Iron Horse Wealth Management LLC now owns 270 shares of the credit-card processor’s stock valued at $74,000 after purchasing an additional 37 shares in the last quarter. Tlwm lifted its holdings in Visa by 0.7% during the second quarter. Tlwm now owns 5,241 shares of the credit-card processor’s stock valued at $1,376,000 after purchasing an additional 38 shares in the last quarter. Finally, Meridian Financial Partners LLC lifted its holdings in Visa by 0.5% during the second quarter. Meridian Financial Partners LLC now owns 8,160 shares of the credit-card processor’s stock valued at $2,196,000 after purchasing an additional 38 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Trading Down 0.5 %

Shares of V opened at $281.73 on Monday. The company’s fifty day moving average is $279.02 and its 200 day moving average is $273.16. Visa Inc. has a fifty-two week low of $228.03 and a fifty-two week high of $293.07. The stock has a market capitalization of $513.40 billion, a PE ratio of 30.13, a P/E/G ratio of 1.95 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business’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 owns 538 shares in the company, valued at $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 SEC, which is available at this link. Company insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on V. Piper Sandler lowered their price target on shares of Visa from $322.00 to $319.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Macquarie reaffirmed an “outperform” rating and set a $300.00 price target on shares of Visa in a report on Friday, September 27th. BMO Capital Markets lifted their price target on shares of Visa from $300.00 to $310.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Monness Crespi & Hardt reiterated a “neutral” rating on shares of Visa in a research report on Tuesday, September 24th. Finally, Jefferies Financial Group reduced their price objective on shares of Visa from $325.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Four investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average target price of $314.19.

Visa 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.