Visa Inc. (NYSE:V) Holdings Boosted by Boston Trust Walden Corp

Boston Trust Walden Corp lifted its position in shares of Visa Inc. (NYSE:V) by 0.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 681,238 shares of the credit-card processor’s stock after buying an additional 126 shares during the period. Visa comprises 1.3% of Boston Trust Walden Corp’s investment portfolio, making the stock its 9th largest position. Boston Trust Walden Corp’s holdings in Visa were worth $187,306,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Hilltop National Bank bought a new position in Visa during the 1st quarter worth approximately $1,212,000. Absolute Capital Management LLC bought a new position in Visa during the 1st quarter worth approximately $404,000. Davidson Capital Management Inc. grew its position in Visa by 0.5% during the 1st quarter. Davidson Capital Management Inc. now owns 9,275 shares of the credit-card processor’s stock worth $2,588,000 after acquiring an additional 44 shares during the last quarter. Empirical Finance LLC grew its position in Visa by 4.4% during the 1st quarter. Empirical Finance LLC now owns 45,724 shares of the credit-card processor’s stock worth $12,761,000 after acquiring an additional 1,914 shares during the last quarter. Finally, Arjuna Capital grew its position in Visa by 0.8% during the 2nd quarter. Arjuna Capital now owns 11,851 shares of the credit-card processor’s stock worth $3,111,000 after acquiring an additional 96 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on 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 completion of 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 document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.19% of the company’s stock.

Visa Stock Down 0.5 %

Shares of NYSE:V opened at $281.73 on Monday. The stock has a fifty day simple moving average of $279.02 and a two-hundred day simple moving average of $273.16. The stock has a market capitalization of $513.40 billion, a price-to-earnings ratio of 30.13, a PEG 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. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on V. Piper Sandler reduced their price target on Visa from $322.00 to $319.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Compass Point started coverage on Visa in a research report on Wednesday, September 4th. They issued a “buy” rating and a $319.00 price objective on the stock. TD Cowen cut their price objective on Visa from $320.00 to $318.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Bank of America lifted their price objective on Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Finally, William Blair upgraded Visa to a “strong-buy” rating in a research report on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $314.19.

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.