Hunter Associates Investment Management LLC Trims Stock Holdings in Visa Inc. (NYSE:V)

Hunter Associates Investment Management LLC reduced its holdings in shares of Visa Inc. (NYSE:V) by 0.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,384 shares of the credit-card processor’s stock after selling 170 shares during the quarter. Visa comprises 0.8% of Hunter Associates Investment Management LLC’s investment portfolio, making the stock its 28th biggest position. Hunter Associates Investment Management LLC’s holdings in Visa were worth $5,314,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of V. POM Investment Strategies LLC increased its position 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 valued at $28,000 after buying an additional 97 shares during the period. TruNorth Capital Management LLC grew its stake in Visa by 211.9% during the second 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 bought a new stake in Visa during the 2nd quarter worth approximately $35,000. CarsonAllaria Wealth Management Ltd. purchased a new stake in Visa in the 2nd quarter worth approximately $35,000. Finally, Abich Financial Wealth Management LLC boosted its holdings in Visa by 52.9% in the 1st quarter. Abich Financial Wealth Management LLC now owns 133 shares of the credit-card processor’s stock valued at $37,000 after purchasing an additional 46 shares during the period. 82.15% of the stock is owned by institutional investors.

Visa Trading Down 0.8 %

NYSE:V opened at $281.96 on Wednesday. The firm has a market capitalization of $515.69 billion, a P/E ratio of 31.50, a P/E/G ratio of 1.95 and a beta of 0.96. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average of $279.65 and a 200 day moving average of $273.26. Visa Inc. has a 52 week low of $230.03 and a 52 week high of $293.07.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business’s 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 in the company, valued at $148,687.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Oppenheimer initiated coverage on shares of Visa in a report on Tuesday, October 1st. They issued an “outperform” rating and a $318.00 price target on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $322.00 price target on shares of Visa in a report on Wednesday, September 25th. JPMorgan Chase & Co. boosted their price objective on Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Compass Point assumed coverage on shares of Visa in a research note on Wednesday, September 4th. They issued a “buy” rating and a $319.00 target price on the stock. Finally, William Blair raised shares of Visa to a “strong-buy” rating in a research note on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.