Roxbury Financial LLC Invests $3.45 Million in Visa Inc. (NYSE:V)

Roxbury Financial LLC bought a new stake in Visa Inc. (NYSE:V - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,948 shares of the credit-card processor's stock, valued at approximately $3,450,000. Visa makes up approximately 3.3% of Roxbury Financial LLC's investment portfolio, making the stock its 5th largest position.

A number of other hedge funds also recently modified their holdings of V. Elevation Wealth Partners LLC boosted its holdings in Visa by 3.3% during the fourth quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor's stock valued at $297,000 after acquiring an additional 30 shares during the period. Warther Private Wealth LLC boosted its holdings in Visa by 1.0% during the fourth quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor's stock valued at $928,000 after acquiring an additional 30 shares during the period. Crescent Grove Advisors LLC boosted its holdings in Visa by 2.2% during the fourth quarter. Crescent Grove Advisors LLC now owns 1,437 shares of the credit-card processor's stock valued at $454,000 after acquiring an additional 31 shares during the period. Vicus Capital boosted its holdings in Visa by 3.1% during the fourth quarter. Vicus Capital now owns 1,032 shares of the credit-card processor's stock valued at $326,000 after acquiring an additional 31 shares during the period. Finally, Phoenix Wealth Advisors lifted its stake in shares of Visa by 3.4% in the fourth quarter. Phoenix Wealth Advisors now owns 964 shares of the credit-card processor's stock valued at $305,000 after buying an additional 32 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Price Performance

Shares of NYSE V traded down $2.22 during mid-day trading on Friday, hitting $348.27. 6,910,504 shares of the stock were exchanged, compared to its average volume of 5,753,988. The company has a market cap of $647.01 billion, a P/E ratio of 35.11, a PEG ratio of 2.36 and a beta of 0.97. The stock's fifty day simple moving average is $329.14 and its two-hundred day simple moving average is $302.03. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $357.15.

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

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa's dividend payout ratio is currently 23.79%.

Insider Activity at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the sale, the general counsel now owns 11,925 shares of the company's stock, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares of the company's stock, valued at $12,789,689.82. This represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,885 shares of company stock valued at $19,161,447 over the last quarter. Corporate insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on V shares. Royal Bank of Canada increased their target price on shares of Visa from $311.00 to $322.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Oppenheimer increased their target price on shares of Visa from $375.00 to $390.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Susquehanna increased their target price on shares of Visa from $395.00 to $410.00 and gave the company a "positive" rating in a research note on Friday. Mizuho increased their target price on shares of Visa from $279.00 to $292.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Finally, BMO Capital Markets increased their target price on shares of Visa from $310.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $355.31.

Visa Company 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.