Spring Capital Management LLC Purchases 2,548 Shares of Visa Inc. (NYSE:V)

Spring Capital Management LLC raised its stake in Visa Inc. (NYSE:V - Free Report) by 12.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,492 shares of the credit-card processor's stock after acquiring an additional 2,548 shares during the quarter. Visa makes up 4.4% of Spring Capital Management LLC's portfolio, making the stock its 9th biggest holding. Spring Capital Management LLC's holdings in Visa were worth $7,424,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Unionview LLC increased its stake in Visa by 1.5% in the third quarter. Unionview LLC now owns 2,296 shares of the credit-card processor's stock valued at $631,000 after purchasing an additional 33 shares during the last quarter. Forza Wealth Management LLC grew its holdings in Visa by 2.9% in the 4th quarter. Forza Wealth Management LLC now owns 1,164 shares of the credit-card processor's stock valued at $368,000 after buying an additional 33 shares during the period. Presilium Private Wealth LLC increased its stake in shares of Visa by 2.2% during the 4th quarter. Presilium Private Wealth LLC now owns 1,503 shares of the credit-card processor's stock valued at $475,000 after acquiring an additional 33 shares during the last quarter. FWG Holdings LLC lifted its holdings in shares of Visa by 1.1% during the 3rd quarter. FWG Holdings LLC now owns 3,168 shares of the credit-card processor's stock worth $900,000 after acquiring an additional 34 shares during the period. Finally, St. Louis Trust Co boosted its position in shares of Visa by 0.9% in the third quarter. St. Louis Trust Co now owns 3,885 shares of the credit-card processor's stock worth $1,068,000 after acquiring an additional 34 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated 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. Company insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on V. Piper Sandler upped their price target on shares of Visa from $319.00 to $322.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Monness Crespi & Hardt reaffirmed a "neutral" rating on shares of Visa in a research report on Tuesday, September 24th. TD Cowen lifted their target price on Visa from $318.00 to $325.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Morgan Stanley upped their price target on Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Visa from $300.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $331.92.

Visa Stock Up 0.9 %

V stock traded up $2.72 during midday trading on Monday, hitting $319.97. 5,746,152 shares of the company's stock were exchanged, compared to its average volume of 5,703,089. The firm has a 50 day moving average price of $313.41 and a 200-day moving average price of $288.73. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $321.61. The stock has a market capitalization of $596.06 billion, a price-to-earnings ratio of 32.88, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping analysts' consensus estimates of $2.58 by $0.13. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business's quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.33 earnings per share. On average, analysts anticipate that Visa Inc. will post 11.22 EPS for the current year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.74%. This is an increase from Visa's previous quarterly dividend of $0.52. Visa's payout ratio is presently 24.25%.

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.