Potomac Fund Management Inc. ADV Takes Position in Visa Inc. (NYSE:V)

Potomac Fund Management Inc. ADV purchased a new position in shares of Visa Inc. (NYSE:V - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,037 shares of the credit-card processor's stock, valued at approximately $328,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Decker Retirement Planning Inc. acquired a new stake in shares of Visa during the 4th quarter worth about $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Visa during the 4th quarter worth approximately $27,000. POM Investment Strategies LLC boosted its holdings in shares of Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after buying an additional 32 shares in the last quarter. Modus Advisors LLC acquired a new stake in Visa during the 4th quarter worth $32,000. Finally, Compass Planning Associates Inc purchased a new stake in Visa in the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Analyst Upgrades and Downgrades

V has been the subject of several research reports. StockNews.com raised Visa from a "hold" rating to a "buy" rating in a report on Friday, March 28th. Bank of America raised their target price on shares of Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Citigroup reissued a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Wells Fargo & Company lifted their price objective on shares of Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, Keefe, Bruyette & Woods reaffirmed a "hold" rating on shares of Visa in a report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $355.84.

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Visa Trading Down 2.1 %

Shares of V traded down $7.19 during mid-day trading on Thursday, reaching $339.14. The company had a trading volume of 8,786,063 shares, compared to its average volume of 7,162,835. The stock has a market cap of $630.04 billion, a price-to-earnings ratio of 34.19, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a fifty day simple moving average of $345.14 and a 200-day simple moving average of $316.58. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share 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%. On average, sell-side analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.70%. Visa's dividend payout ratio (DPR) is 23.79%.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the transaction, the insider now owns 26,413 shares in the company, valued at $8,642,333.60. The trade was a 59.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,205 shares of company stock valued at $48,842,490 over the last three months. 0.13% of the stock is owned by company insiders.

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.