Visa Inc. (NYSE:V) is FourThought Financial Partners LLC's 6th Largest Position

Key Points

• FourThought Financial Partners LLC reduced its holdings in Visa Inc. by 4.5%, owning 60,863 shares valued at approximately $21.33 million, making it the firm's 6th largest investment.
• Visa reported a quarterly earnings per share of $2.76, exceeding analysts' expectations and showcasing a 9.3% annual revenue growth.
• The company announced a quarterly dividend of $0.59 per share, representing an annualized yield of 0.66% and a dividend payout ratio of 23.72%.

FourThought Financial Partners LLC decreased its stake in Visa Inc. (NYSE:V - Free Report) by 4.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,863 shares of the credit-card processor's stock after selling 2,846 shares during the quarter. Visa makes up 2.2% of FourThought Financial Partners LLC's holdings, making the stock its 6th largest position. FourThought Financial Partners LLC's holdings in Visa were worth $21,330,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. von Borstel & Associates Inc. purchased a new position in shares of Visa during the first quarter worth $27,000. Measured Risk Portfolios Inc. acquired a new stake in Visa in the fourth quarter valued at $47,000. Navigoe LLC acquired a new stake in Visa in the fourth quarter valued at $53,000. O Brien Wealth Partners LLC acquired a new stake in Visa in the first quarter valued at $54,000. Finally, Hurley Capital LLC acquired a new stake in Visa in the fourth quarter valued at $56,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on V shares. Deutsche Bank Aktiengesellschaft started coverage on Visa in a report on Thursday, July 17th. They issued a "buy" rating and a $410.00 price objective on the stock. The Goldman Sachs Group began coverage on Visa in a report on Monday, June 2nd. They issued a "neutral" rating on the stock. Piper Sandler boosted their price target on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Barclays reissued an "overweight" rating on shares of Visa in a research note on Friday, June 13th. Finally, Oppenheimer boosted their price target on Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $377.16.

Visa Stock Performance

V traded up $0.51 on Wednesday, hitting $351.80. The company had a trading volume of 6,719,360 shares, compared to its average volume of 6,562,838. The company's fifty day moving average price is $355.76 and its 200 day moving average price is $345.83. Visa Inc. has a 1-year low of $254.51 and a 1-year high of $375.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market cap of $649.13 billion, a price-to-earnings ratio of 35.48, a price-to-earnings-growth ratio of 2.40 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, topping the consensus estimate of $2.85 by $0.13. The company had revenue of $10.17 billion for the quarter, compared to analysts' expectations of $9.82 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. The business's revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.42 earnings per share. Equities analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. Visa's payout ratio is presently 23.72%.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,630 shares of the business's stock in a transaction 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 completion of the sale, the chief executive officer directly owned 537 shares in the company, valued at $190,001.34. The trade was a 94.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 46,214 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total value of $17,099,180.00. Following the transaction, the insider directly owned 26,413 shares of the company's stock, valued at $9,772,810. This trade represents a 63.63% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 101,108 shares of company stock worth $36,771,200. 0.13% of the stock is owned by corporate 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.