Foundations Investment Advisors LLC raised its position in shares of Visa Inc. (NYSE:V - Free Report) by 15.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,718 shares of the credit-card processor's stock after purchasing an additional 7,724 shares during the quarter. Foundations Investment Advisors LLC's holdings in Visa were worth $18,241,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. Decker Retirement Planning Inc. acquired a new position in Visa in the 4th quarter valued at approximately $26,000. Peterson Financial Group Inc. purchased a new position in shares of Visa during the 3rd quarter valued at $26,000. Modus Advisors LLC acquired a new position in shares of Visa in the fourth quarter worth $32,000. Reston Wealth Management LLC purchased a new stake in shares of Visa during the third quarter worth $31,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in Visa during the fourth quarter valued at $44,000. Hedge funds and other institutional investors own 82.15% of the company's stock.
A number of equities research analysts have recently weighed in on the company. Citigroup raised their price target on Visa from $326.00 to $354.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Seaport Res Ptn raised shares of Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Visa from $300.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Susquehanna raised their price target on shares of Visa from $339.00 to $375.00 and gave the company a "positive" rating in a report on Wednesday, December 11th. Finally, Piper Sandler upped their price objective on shares of Visa from $322.00 to $368.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Four investment 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 company. According to data from MarketBeat.com, Visa has a consensus rating of "Moderate Buy" and a consensus target price of $335.52.
View Our Latest Stock Report on Visa
In other news, CEO Ryan Mcinerney sold 8,620 shares of the company'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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the firm's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the transaction, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.
V opened at $336.45 on Thursday. The company has a market capitalization of $626.76 billion, a P/E ratio of 34.58, a P/E/G ratio of 2.17 and a beta of 0.96. The firm's fifty day moving average price is $315.85 and its two-hundred day moving average price is $291.78. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $337.83. 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 (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating analysts' consensus estimates of $2.58 by $0.13. The firm had revenue of $9.62 billion for the quarter, compared to analysts' expectations of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business's revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.33 earnings per share. On average, analysts anticipate that Visa Inc. will post 11.19 EPS for the current year.
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.
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