Diversify Advisory Services LLC Boosts Stake in Visa Inc.

Diversify Advisory Services LLC has increased its stake in Visa Inc., buying an additional 51,814 shares of the credit-card processor's stock during the second quarter. The institutional investor now owns 60,289 shares of V stock, valued at $21,857,000.

This is not an isolated instance of Diversify Advisory Services LLC investing in Visa; other hedge funds have also modified their holdings of the company. Parvin Asset Management LLC, for example, grew its holdings in Visa by 200% during the third quarter and now owns 75 shares worth $26,000.

Visa's stock performance has been robust, with a market capitalization of $650.52 billion and a price-to-earnings ratio of 31.00. The company's quarterly earnings results, announced on July 28th, exceeded analyst expectations, with EPS of $3.32.