Atria Investments Inc Sells 8,978 Shares of Visa Inc. (NYSE:V)

Atria Investments Inc decreased its holdings in Visa Inc. (NYSE:V - Free Report) by 4.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 190,093 shares of the credit-card processor's stock after selling 8,978 shares during the period. Visa makes up about 0.9% of Atria Investments Inc's holdings, making the stock its 10th biggest holding. Atria Investments Inc's holdings in Visa were worth $66,620,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. von Borstel & Associates Inc. bought a new position in Visa in the 1st quarter worth $27,000. Sellwood Investment Partners LLC bought a new position in shares of Visa in the 4th quarter worth about $41,000. Measured Risk Portfolios Inc. bought a new position in shares of Visa in the 4th quarter worth about $47,000. Navigoe LLC bought a new position in shares of Visa in the 4th quarter worth about $53,000. Finally, O Brien Wealth Partners LLC bought a new position in shares of Visa in the 1st quarter worth about $54,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Stock Performance

Visa stock traded up $2.96 during mid-day trading on Friday, hitting $356.93. The company had a trading volume of 3,915,274 shares, compared to its average volume of 5,404,370. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12-month low of $254.51 and a 12-month high of $375.51. The company's fifty day moving average is $356.30 and its 200-day moving average is $345.00. The company has a market capitalization of $658.60 billion, a price-to-earnings ratio of 35.87, a P/E/G ratio of 2.39 and a beta of 0.92.

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

Visa Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on V. Jefferies Financial Group increased their price objective on shares of Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. UBS Group increased their price objective on shares of Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. Citigroup began coverage on shares of Visa in a research report on Monday, June 2nd. They set a "buy" rating on the stock. Barclays reissued an "overweight" rating on shares of Visa in a research report on Friday, June 13th. Finally, Evercore ISI began 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 on the stock. Five equities 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, Visa has an average rating of "Moderate Buy" and a consensus price target of $375.52.

Insiders Place Their Bets

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

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.