Inscription Capital LLC Purchases 586 Shares of Visa Inc. (NYSE:V)

Inscription Capital LLC lifted its position in shares of Visa Inc. (NYSE:V) by 5.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,247 shares of the credit-card processor’s stock after acquiring an additional 586 shares during the period. Inscription Capital LLC’s holdings in Visa were worth $3,367,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Skyline Advisors Inc. grew its holdings in shares of Visa by 22.4% during the 1st quarter. Skyline Advisors Inc. now owns 1,357 shares of the credit-card processor’s stock valued at $379,000 after purchasing an additional 248 shares during the last quarter. Diversified Trust Co increased its holdings in shares of Visa by 11.3% during the first quarter. Diversified Trust Co now owns 69,754 shares of the credit-card processor’s stock worth $19,467,000 after buying an additional 7,106 shares in the last quarter. Golden Road Advisors LLC bought a new position in shares of Visa in the 1st quarter valued at $202,000. Horizon Wealth Management LLC boosted its holdings in shares of Visa by 20.9% during the 1st quarter. Horizon Wealth Management LLC now owns 1,404 shares of the credit-card processor’s stock valued at $392,000 after acquiring an additional 243 shares in the last quarter. Finally, MGO Private Wealth LLC grew its position in Visa by 56.5% during the 1st quarter. MGO Private Wealth LLC now owns 2,643 shares of the credit-card processor’s stock worth $738,000 after acquiring an additional 954 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred 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 directly owns 538 shares of the company’s stock, valued at $148,687.06. This represents 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 hyperlink. 0.19% of the stock is owned by corporate insiders.

Visa Price Performance

V opened at $284.19 on Tuesday. The firm’s fifty day moving average price is $279.37 and its two-hundred day moving average price is $273.22. The company has a market capitalization of $519.77 billion, a price-to-earnings ratio of 31.75, 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 current ratio of 1.37 and a quick ratio of 1.37. Visa Inc. has a 1 year low of $230.03 and a 1 year high of $293.07.

Analyst Ratings Changes

Several equities analysts have commented on the company. Citigroup dropped their target price on Visa from $321.00 to $319.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Macquarie reiterated an “outperform” rating and set a $300.00 target price on shares of Visa in a research report on Friday, September 27th. The Goldman Sachs Group restated a “buy” rating and issued a $317.00 price target on shares of Visa in a research report on Thursday, September 12th. Jefferies Financial Group cut their price target on shares of Visa from $325.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Finally, BMO Capital Markets increased their price objective on Visa from $300.00 to $310.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Four research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.