Visa Inc. (NYSE:V) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its stake in shares of Visa Inc. (NYSE:V - Free Report) by 14.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 143,884 shares of the credit-card processor's stock after selling 25,224 shares during the period. Pacer Advisors Inc.'s holdings in Visa were worth $45,473,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Crescent Grove Advisors LLC boosted its position in shares of Visa by 2.2% during the 4th quarter. Crescent Grove Advisors LLC now owns 1,437 shares of the credit-card processor's stock valued at $454,000 after purchasing an additional 31 shares in the last quarter. Phoenix Wealth Advisors grew its stake in Visa by 3.4% in the 4th quarter. Phoenix Wealth Advisors now owns 964 shares of the credit-card processor's stock valued at $305,000 after purchasing an additional 32 shares during the period. Unionview LLC raised its position in Visa by 1.5% in the third quarter. Unionview LLC now owns 2,296 shares of the credit-card processor's stock worth $631,000 after acquiring an additional 33 shares during the period. Forza Wealth Management LLC grew its stake in shares of Visa by 2.9% during the 4th quarter. Forza Wealth Management LLC now owns 1,164 shares of the credit-card processor's stock worth $368,000 after acquiring an additional 33 shares during the period. Finally, Presilium Private Wealth LLC boosted its holdings in shares of Visa by 2.2% in the fourth quarter. Presilium Private Wealth LLC now owns 1,503 shares of the credit-card processor's stock worth $475,000 after acquiring an additional 33 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the 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 completion of the sale, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on V shares. Keefe, Bruyette & Woods boosted their price objective on shares of Visa from $335.00 to $360.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Royal Bank of Canada boosted their price objective on shares of Visa from $311.00 to $322.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Piper Sandler upped their price target on shares of Visa from $322.00 to $368.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Barclays upped their price target on Visa from $319.00 to $347.00 and gave the company an "overweight" rating in a report on Monday, November 4th. Finally, Macquarie lifted their price objective on Visa from $300.00 to $335.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Visa presently has an average rating of "Moderate Buy" and a consensus target price of $335.52.

Visa Stock Up 2.2 %

Shares of NYSE V traded up $7.38 during mid-day trading on Thursday, reaching $343.26. 7,858,896 shares of the company's stock traded hands, compared to its average volume of 5,736,813. The business has a 50-day simple moving average of $316.43 and a 200 day simple moving average of $292.09. The stock has a market cap of $639.46 billion, a P/E ratio of 35.28, a PEG ratio of 2.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $344.44.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.96% and a return on equity of 53.16%. On average, analysts expect that Visa Inc. will post 11.19 EPS for the current fiscal year.

About Visa

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.