Boothbay Fund Management LLC Raises Stock Holdings in Visa Inc. (NYSE:V)

Boothbay Fund Management LLC raised its position in Visa Inc. (NYSE:V - Free Report) by 83.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,375 shares of the credit-card processor's stock after buying an additional 2,900 shares during the quarter. Boothbay Fund Management LLC's holdings in Visa were worth $2,015,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Visa by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after purchasing an additional 7,079,706 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Visa by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 40,345,176 shares of the credit-card processor's stock worth $12,729,901,000 after purchasing an additional 1,689,926 shares during the last quarter. Capital International Investors raised its stake in shares of Visa by 3.8% during the fourth quarter. Capital International Investors now owns 23,816,573 shares of the credit-card processor's stock worth $7,526,660,000 after purchasing an additional 866,596 shares during the last quarter. Capital World Investors raised its stake in shares of Visa by 1.0% during the fourth quarter. Capital World Investors now owns 23,277,622 shares of the credit-card processor's stock worth $7,356,614,000 after purchasing an additional 241,057 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Visa during the fourth quarter worth approximately $5,171,271,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the sale, the insider now directly owns 26,413 shares in the company, valued at $8,642,333.60. The trade was a 59.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $2,930,800.00. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock worth $48,842,490 over the last ninety days. 0.13% of the stock is owned by company insiders.

Visa Stock Performance

NYSE:V opened at $335.50 on Monday. The firm has a 50 day simple moving average of $338.42 and a 200-day simple moving average of $322.98. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market cap of $623.28 billion, a PE ratio of 33.82, a P/E/G ratio of 2.33 and a beta of 0.94. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data 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%. On average, equities analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on V. Wells Fargo & Company upped their price objective on Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Piper Sandler reaffirmed an "overweight" rating and set a $383.00 price objective (up previously from $368.00) on shares of Visa in a report on Friday, January 31st. Citigroup reaffirmed a "neutral" rating on shares of Visa in a report on Thursday, February 13th. UBS Group upped their price objective on Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Finally, Keefe, Bruyette & Woods reaffirmed a "hold" rating on shares of Visa in a report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $358.17.

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.

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.