Arcadia Investment Management Corp MI Sells 1,362 Shares of Visa Inc. (NYSE:V)

Arcadia Investment Management Corp MI trimmed its holdings in Visa Inc. (NYSE:V - Free Report) by 2.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,838 shares of the credit-card processor's stock after selling 1,362 shares during the quarter. Visa comprises approximately 3.5% of Arcadia Investment Management Corp MI's portfolio, making the stock its 8th largest holding. Arcadia Investment Management Corp MI's holdings in Visa were worth $19,569,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in V. Principal Securities Inc. raised its position in Visa by 0.4% in the first quarter. Principal Securities Inc. now owns 69,269 shares of the credit-card processor's stock valued at $24,276,000 after purchasing an additional 310 shares during the period. Financial Symmetry Inc grew its stake in shares of Visa by 5.9% in the first quarter. Financial Symmetry Inc now owns 770 shares of the credit-card processor's stock worth $270,000 after acquiring an additional 43 shares in the last quarter. Linden Thomas Advisory Services LLC grew its stake in shares of Visa by 6.5% in the first quarter. Linden Thomas Advisory Services LLC now owns 19,301 shares of the credit-card processor's stock worth $6,764,000 after acquiring an additional 1,183 shares in the last quarter. Greenleaf Trust grew its stake in shares of Visa by 139.0% in the first quarter. Greenleaf Trust now owns 563,215 shares of the credit-card processor's stock worth $197,384,000 after acquiring an additional 327,528 shares in the last quarter. Finally, CORDA Investment Management LLC. lifted its position in shares of Visa by 1.2% during the 1st quarter. CORDA Investment Management LLC. now owns 5,763 shares of the credit-card processor's stock worth $2,020,000 after purchasing an additional 67 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Stock Performance

NYSE V traded down $8.66 during trading hours on Friday, hitting $347.22. 3,455,008 shares of the stock were exchanged, compared to its average volume of 6,667,984. The company has a market cap of $640.67 billion, a price-to-earnings ratio of 34.91, a price-to-earnings-growth ratio of 2.43 and a beta of 0.92. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $375.51. The stock has a 50-day moving average of $356.93 and a 200 day moving average of $342.37. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.08. The firm had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.51 earnings per share. As a group, equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa's dividend payout ratio is currently 23.72%.

Insiders Place Their Bets

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the transaction, the general counsel directly owned 11,925 shares in the company, valued at approximately $4,121,041.50. This represents a 17.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,630 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the transaction, the chief executive officer owned 537 shares in the company, valued at $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,108 shares of company stock worth $36,771,200. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

V has been the subject of several recent analyst reports. Evercore ISI initiated coverage on shares of Visa in a research report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price objective for the company. Mizuho raised shares of Visa from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $359.00 to $425.00 in a research report on Thursday, June 5th. Citigroup initiated coverage on shares of Visa in a research report on Monday, June 2nd. They set a "buy" rating for the company. Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, UBS Group lifted their price objective on shares of Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Five research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $372.84.

Visa 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.