5 Best Slow Growth Stocks to Buy According to Hedge Funds

2. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 166  

Visa Inc. (NYSE:V) operates as a payments technology company worldwide. It is one of the premier growth stocks to invest in. On October 20, Current, a leading US financial technology platform, stated an announcement that it has successfully migrated to the Visa DPS Forward platform with seamless migration of over four million accounts. This integration will allow a deeper partnership between both companies.

On October 19, Jefferies analyst Trevor Williams maintained a Buy rating on Visa Inc. (NYSE:V) stock and lowered the price target to $220 from $250, noting that the company’s initial FY23 outlook is likely to push estimates lower.  

At the end of the second quarter of 2022, 166 hedge funds in the database of Insider Monkey held stakes worth $24 billion in Visa Inc. (NYSE:V), compared to 159 in the preceding quarter worth $28 billion.

In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Visa Inc. (NYSE:V) was one of them. Here is what the fund said:

“The Fund’s holdings in the Payments and Information Services themes also contributed to relative performance. Within Payments, lower exposure to this lagging theme and outperformance of Visa, Inc. (NYSE:V). These global payment networks are viewed as safe havens during market downturns but are also benefiting from resilient payment volumes and a sharp rebound in international travel.”