Polen Capital Management Reduces $319M in Visa Inc. ($V)
Key Points
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Polen Capital Management reduced its position in Visa Inc. ($V) by 27.54% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,445,760 shares of Visa Inc. after selling 929,582 shares during the quarter. Polen Capital Management's holdings in Visa Inc. were worth $839.12 million as of its most recent filing.
Visa Inc. Stock Down 10.1%
Shares of Visa Inc. ($V) traded around $343.09 on Saturday, down 10.1% for the day.
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About Visa Inc.
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 platform which facilitates money movement, enabling clients to collect, hold, convert, and send funds across its network; and issuing solutions, such as airport lounge access, dining reservations, shopping experiences, event tickets, and seller offers. In addition, the company provides acceptance solutions, an omnichannel payment integration with e-commerce platforms; risk detection and prevention solutions; and advisory and other services comprising consulting practice, proprietary analytics models, data scientists and economists, marketing services, and managed services. It provides its services under the Visa, Visa Electron, V PAY, Interlink, and PLUS brands. The company serves consumers, sellers, financial institutions, and government entities. Visa Inc. was founded in 1958 and is headquartered in San Francisco, California.
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