Souders Financial Advisors Sells 4,364 Shares of Visa Inc. (NYSE:V)

Souders Financial Advisors lessened its position in shares of Visa Inc. (NYSE:V - Free Report) by 24.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,704 shares of the credit-card processor's stock after selling 4,364 shares during the period. Souders Financial Advisors' holdings in Visa were worth $4,803,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. von Borstel & Associates Inc. bought a new stake in shares of Visa during the 1st quarter worth approximately $27,000. Sellwood Investment Partners LLC bought a new position in Visa in the fourth quarter valued at about $41,000. Mountain Hill Investment Partners Corp. bought a new position in Visa in the fourth quarter valued at about $47,000. Measured Risk Portfolios Inc. bought a new position in Visa in the fourth quarter valued at about $47,000. Finally, Navigoe LLC bought a new stake in shares of Visa during the 4th quarter valued at approximately $53,000. 82.15% of the stock is owned by institutional investors.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on V. Evercore ISI began coverage on Visa in a research report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price objective for the company. Wall Street Zen upgraded Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Jefferies Financial Group raised their price objective on Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Oppenheimer raised their price objective on Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Finally, BMO Capital Markets raised their price objective on Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $375.52.

Visa Price Performance

Shares of V traded up $0.47 during midday trading on Tuesday, hitting $351.41. 3,197,500 shares of the company traded hands, compared to its average volume of 6,775,440. The stock has a 50-day moving average of $356.82 and a 200-day moving average of $344.02. Visa Inc. has a one year low of $252.70 and a one year high of $375.51. The firm has a market cap of $648.40 billion, a P/E ratio of 35.30, a PEG ratio of 2.36 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. The firm 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 company's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the company posted $2.51 EPS. As a group, sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were given 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 dividend yield of 0.67%. Visa's dividend payout ratio (DPR) is presently 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.