State of Alaska Department of Revenue boosted its stake in Visa Inc. (NYSE:V – Free Report) by 10.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 197,170 shares of the credit-card processor’s stock after purchasing an additional 19,115 shares during the quarter. Visa comprises approximately 0.6% of State of Alaska Department of Revenue’s holdings, making the stock its 20th largest holding. State of Alaska Department of Revenue’s holdings in Visa were worth $54,211,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of V. POM Investment Strategies LLC boosted its stake 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 purchasing an additional 97 shares during the period. TruNorth Capital Management LLC boosted its position in Visa by 211.9% in the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock valued at $34,000 after buying an additional 89 shares during the period. Abich Financial Wealth Management LLC grew its stake 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 worth $37,000 after acquiring an additional 46 shares in the last quarter. CarsonAllaria Wealth Management Ltd. purchased a new position in shares of Visa during the second quarter worth approximately $35,000. Finally, Bbjs Financial Advisors LLC purchased a new stake in shares of Visa in the second quarter valued at approximately $35,000. 82.15% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Visa
In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at $148,687.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.19% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Research Report on Visa
Visa Price Performance
V stock opened at $281.73 on Monday. Visa Inc. has a 52-week low of $228.03 and a 52-week high of $293.07. 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 stock has a market cap of $513.40 billion, a price-to-earnings ratio of 30.13, a price-to-earnings-growth ratio of 1.95 and a beta of 0.96. The business has a fifty day moving average of $279.02 and a two-hundred day moving average of $273.16.
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.
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