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

Souders Financial Advisors decreased its position in Visa Inc. (NYSE:V - Free Report) by 24.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 have also added to or reduced their stakes in the company. von Borstel & Associates Inc. acquired a new position in Visa in the first quarter valued at about $27,000. Sellwood Investment Partners LLC acquired a new position in Visa in the fourth quarter valued at about $41,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Visa during the fourth quarter worth about $47,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Visa during the fourth quarter worth about $47,000. Finally, Navigoe LLC acquired a new stake in shares of Visa during the fourth quarter worth about $53,000. Institutional investors own 82.15% of the company's stock.

Visa Price Performance

NYSE:V traded up $3.15 during trading hours on Wednesday, hitting $355.01. 2,304,844 shares of the company's stock traded hands, compared to its average volume of 6,768,899. The firm has a market cap of $655.06 billion, a P/E ratio of 35.68, a P/E/G ratio of 2.37 and a beta of 0.92. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $375.51. The business's fifty day simple moving average is $356.82 and its two-hundred day simple moving average is $344.02. 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 issued 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. Visa had a return on equity of 56.28% and a net margin of 52.86%. The firm had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the previous year, the company posted $2.51 earnings per share. The company's revenue was up 9.3% compared to the same quarter last year. On average, research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

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

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 46,214 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider owned 26,413 shares of the company's stock, valued at approximately $9,772,810. This represents a 63.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction that occurred on 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. This represents a 17.76% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,108 shares of company stock valued at $36,771,200. Corporate insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on V. Barclays restated an "overweight" rating on shares of Visa in a research note on Friday, June 13th. Deutsche Bank Aktiengesellschaft started coverage on Visa in a research note on Thursday, July 17th. They set a "buy" rating and a $410.00 target price for the company. Mizuho raised Visa from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $359.00 to $425.00 in a report on Thursday, June 5th. Jefferies Financial Group increased 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. Finally, UBS Group increased their price objective on Visa from $395.00 to $405.00 and gave the stock 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 given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Visa has an average rating of "Moderate Buy" and an average target price of $375.52.

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.