Plato Investment Management Ltd Invests Heavily in Visa Inc.

Plato Investment Management Ltd has invested $15.46 million in Visa Inc. (NYSE:V), buying 45,340 shares of the credit-card processor's stock during the second quarter.

This represents about 0.9% of Plato Investment Management Ltd's investment portfolio and makes Visa its 17th biggest position.

Other institutional investors have also been active in their stakes in Visa, with Brighton Jones LLC boosting its stake by 50.1% and Revolve Wealth Partners LLC increasing its position by 68.9% during the fourth quarter.

The company's stock has a market cap of $649.37 billion and a PE ratio of 30.94, with analysts forecasting earnings per share of $13.15 for the current fiscal year.