Arcadia Investment Management Corp MI Lowers Stake in Visa Inc. (NYSE:V)

Arcadia Investment Management Corp MI lowered its stake in Visa Inc. (NYSE:V - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,838 shares of the credit-card processor's stock after selling 1,362 shares during the period. Visa makes up approximately 3.5% of Arcadia Investment Management Corp MI's holdings, 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.

Several other large investors have also recently modified their holdings of the stock. Lakeridge Wealth Management LLC increased its holdings in Visa by 5.7% during the 1st quarter. Lakeridge Wealth Management LLC now owns 1,507 shares of the credit-card processor's stock valued at $528,000 after purchasing an additional 81 shares during the period. Blue Rock Wealth Management LLC purchased a new position in Visa during the 4th quarter valued at about $306,000. Aptus Capital Advisors LLC increased its holdings in Visa by 19.8% during the 4th quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor's stock valued at $57,727,000 after purchasing an additional 30,185 shares during the period. King Wealth Management Group increased its holdings in Visa by 9.0% during the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock valued at $23,663,000 after purchasing an additional 6,172 shares during the period. Finally, Eagle Strategies LLC increased its holdings in Visa by 2.5% during the 4th quarter. Eagle Strategies LLC now owns 2,568 shares of the credit-card processor's stock valued at $811,000 after purchasing an additional 63 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on V. Jefferies Financial Group boosted their price target on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Evercore ISI initiated coverage on shares of Visa in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 target price for the company. Oppenheimer raised their target price on shares of Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Macquarie dropped their target price on shares of Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, UBS Group lifted their price objective on Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Visa currently has an average rating of "Moderate Buy" and a consensus price target of $372.84.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,630 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the transaction, the chief executive officer directly owned 537 shares of the company's stock, valued at approximately $190,001.34. This represents a 94.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 46,214 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total value of $17,099,180.00. Following the completion of the transaction, the insider directly owned 26,413 shares in the company, valued at $9,772,810. This trade represents a 63.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,108 shares of company stock valued at $36,771,200. 0.13% of the stock is owned by corporate insiders.

Visa Stock Down 0.6%

Shares of V traded down $2.20 during mid-day trading on Thursday, reaching $355.56. The company had a trading volume of 6,116,019 shares, compared to its average volume of 6,837,832. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a 50-day moving average price of $356.66 and a 200 day moving average price of $342.11. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $375.51. The company has a market capitalization of $656.07 billion, a price-to-earnings ratio of 35.74, a price-to-earnings-growth ratio of 2.40 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. Visa had a return on equity of 56.28% and a net margin of 52.86%. The firm had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. During the same period in the previous year, the firm posted $2.51 EPS. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. On average, sell-side analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. Visa's dividend payout ratio is currently 23.72%.

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.