Stiles Financial Services Inc Decreases Position in Visa Inc. (NYSE:V)

Stiles Financial Services Inc decreased its position in shares of Visa Inc. (NYSE:V - Free Report) by 12.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,246 shares of the credit-card processor's stock after selling 1,393 shares during the period. Visa makes up approximately 1.4% of Stiles Financial Services Inc's holdings, making the stock its 16th largest holding. Stiles Financial Services Inc's holdings in Visa were worth $3,592,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sovereign Investment Advisors LLC purchased a new position in shares of Visa in the fourth quarter worth $424,000. Brighton Jones LLC increased its holdings in Visa by 50.1% during the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock valued at $6,522,000 after purchasing an additional 6,883 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of Visa during the fourth quarter valued at approximately $202,074,000. Revolve Wealth Partners LLC lifted its position in shares of Visa by 68.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock worth $3,733,000 after purchasing an additional 4,817 shares during the period. Finally, Leverage Partners Absolute Return Fund SPC bought a new stake in Visa during the 4th quarter valued at approximately $204,000. Institutional investors own 82.15% of the company's stock.

Insider Buying and Selling

In other news, insider Paul D. Fabara sold 11,636 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the transaction, the insider now directly owns 26,413 shares of the company's stock, valued at approximately $9,904,875. This trade represents a 30.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $2,978,899.60. Following the transaction, the chief executive officer now directly owns 537 shares in the company, valued at $185,576.46. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 101,098 shares of company stock worth $36,738,526. Corporate insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Truist Financial started coverage on Visa in a research report on Monday, June 2nd. They set a "buy" rating and a $400.00 price objective for the company. Barclays restated an "overweight" rating on shares of Visa in a report on Friday, June 13th. Jefferies Financial Group lifted their target price on shares of Visa from $400.00 to $410.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Citigroup assumed coverage on Visa in a research note on Monday, June 2nd. They issued a "buy" rating on the stock. Finally, The Goldman Sachs Group assumed coverage on Visa in a research note on Monday, June 2nd. They set a "neutral" rating for the company. Five 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $372.80.

Visa Price Performance

V stock traded up $7.90 during trading on Tuesday, reaching $351.65. The company's stock had a trading volume of 10,161,625 shares, compared to its average volume of 7,056,898. The company's fifty day moving average is $351.95 and its 200-day moving average is $339.18. The company has a market capitalization of $648.84 billion, a P/E ratio of 35.34, a price-to-earnings-growth ratio of 2.28 and a beta of 0.94. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $375.51. 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 posted its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. Visa had a net margin of 52.86% and a return on equity of 56.28%. The firm had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same period last year, the firm posted $2.51 earnings per share. Visa's revenue for the quarter was up 9.3% compared to the same quarter last year. On average, research analysts expect 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. Investors of record on Tuesday, May 13th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Tuesday, May 13th. Visa's payout ratio is 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.