Foundations Investment Advisors LLC Buys 7,724 Shares of Visa Inc. (NYSE:V)

Foundations Investment Advisors LLC boosted its position in Visa Inc. (NYSE:V - Free Report) by 15.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,718 shares of the credit-card processor's stock after acquiring an additional 7,724 shares during the period. Foundations Investment Advisors LLC's holdings in Visa were worth $18,241,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. bought a new stake in Visa in the third quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new stake in shares of Visa in the fourth quarter worth about $26,000. Reston Wealth Management LLC acquired a new stake in shares of Visa during the third quarter worth about $31,000. Modus Advisors LLC bought a new position in shares of Visa during the 4th quarter valued at about $32,000. Finally, West Financial Advisors LLC increased its stake in Visa by 101.4% during the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor's stock worth $40,000 after purchasing an additional 73 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the company's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now owns 17,894 shares of the company's stock, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Visa Stock Performance

Shares of NYSE V traded up $7.38 during mid-day trading on Thursday, reaching $343.26. 7,963,976 shares of the company were exchanged, compared to its average volume of 5,745,500. The stock has a market capitalization of $639.46 billion, a P/E ratio of 35.28, a P/E/G ratio of 2.17 and a beta of 0.96. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The company's 50-day simple moving average is $316.43 and its 200-day simple moving average is $292.09. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $344.44.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.96% and a return on equity of 53.16%. As a group, research analysts predict that Visa Inc. will post 11.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on V. BMO Capital Markets upped their price target on shares of Visa from $310.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Royal Bank of Canada increased their target price on Visa from $311.00 to $322.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Jefferies Financial Group boosted their price target on Visa from $320.00 to $330.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Wells Fargo & Company increased their price objective on Visa from $325.00 to $360.00 and gave the stock an "overweight" rating in a report on Friday, January 3rd. Finally, Macquarie boosted their target price on Visa from $300.00 to $335.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $335.52.

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.