Fox Run Management L.L.C. Lowers Position in Visa Inc. (NYSE:V)

Fox Run Management L.L.C. trimmed its stake in Visa Inc. (NYSE:V - Free Report) by 67.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,112 shares of the credit-card processor's stock after selling 4,335 shares during the quarter. Fox Run Management L.L.C.'s holdings in Visa were worth $667,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Visa during the fourth quarter worth $217,013,000. Knights of Columbus Asset Advisors LLC grew its position in shares of Visa by 0.6% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 31,497 shares of the credit-card processor's stock worth $9,954,000 after purchasing an additional 200 shares in the last quarter. Umpqua Bank increased its holdings in shares of Visa by 3.1% during the fourth quarter. Umpqua Bank now owns 9,905 shares of the credit-card processor's stock worth $3,062,000 after purchasing an additional 295 shares during the period. Hillsdale Investment Management Inc. raised its position in shares of Visa by 49.9% in the fourth quarter. Hillsdale Investment Management Inc. now owns 3,005 shares of the credit-card processor's stock valued at $950,000 after buying an additional 1,000 shares in the last quarter. Finally, Intellus Advisors LLC bought a new stake in shares of Visa in the fourth quarter valued at approximately $1,242,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the transaction, the chief executive officer now owns 537 shares in the company, valued at approximately $194,931. This represents a 94.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the sale, the insider now directly owns 36,566 shares of the company's stock, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,205 shares of company stock worth $48,560,961 in the last quarter. Company insiders own 0.13% of the company's stock.

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Analysts Set New Price Targets

V has been the subject of several analyst reports. William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on shares of Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Bank of America raised their target price on shares of Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Seaport Res Ptn upgraded Visa from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $383.00 target price (up previously from $368.00) on shares of Visa in a report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $353.96.

Visa Trading Up 0.3 %

V traded up $1.08 during trading on Tuesday, reaching $344.95. 3,930,720 shares of the stock traded hands, compared to its average volume of 6,717,931. The stock's 50-day moving average is $341.23 and its 200 day moving average is $313.75. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $640.84 billion, a PE ratio of 34.77, a P/E/G ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Equities analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. Visa's dividend payout ratio is currently 23.79%.

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.