Visa Inc. (NYSE:V) Holdings Decreased by Sather Financial Group Inc

Key Points

• Sather Financial Group Inc reduced its holdings in Visa Inc. by 2.1% in Q1, now owning 219,550 shares valued at approximately $76.9 million, which represents 5.0% of its portfolio.
• Insiders recently sold a significant number of shares, with CEO Ryan Mcinerney decreasing his position by 94.14%, amidst a total of 101,108 shares sold by insiders valued at $36.8 million over three months.
• Recent analyst reports show a positive outlook for Visa, with Jefferies raising the target price to $410.00 and the stock currently holding an average rating of "Moderate Buy."

Sather Financial Group Inc trimmed its stake in Visa Inc. (NYSE:V - Free Report) by 2.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 219,550 shares of the credit-card processor's stock after selling 4,676 shares during the quarter. Visa accounts for 5.0% of Sather Financial Group Inc's portfolio, making the stock its 5th largest position. Sather Financial Group Inc's holdings in Visa were worth $76,944,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in V. Brighton Jones LLC raised its position in shares of Visa by 50.1% in the fourth 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. Revolve Wealth Partners LLC grew its stake in shares of Visa by 68.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock worth $3,733,000 after acquiring an additional 4,817 shares during the last quarter. Providence Capital Advisors LLC grew its stake in shares of Visa by 34.1% in the fourth quarter. Providence Capital Advisors LLC now owns 866 shares of the credit-card processor's stock worth $274,000 after acquiring an additional 220 shares during the last quarter. New Age Alpha Advisors LLC grew its stake in shares of Visa by 44,126.7% in the fourth quarter. New Age Alpha Advisors LLC now owns 33,170 shares of the credit-card processor's stock worth $10,483,000 after acquiring an additional 33,095 shares during the last quarter. Finally, Broadway Wealth Solutions Inc. acquired a new stake in shares of Visa in the fourth quarter worth $419,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

V has been the topic of a number of recent research reports. Jefferies Financial Group lifted their price target on shares of Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. The Goldman Sachs Group assumed coverage on shares of Visa in a research note on Monday, June 2nd. They set a "neutral" rating on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Visa in a research note on Thursday, July 17th. They issued a "buy" rating and a $410.00 target price on the stock. Oppenheimer boosted their target price on shares of Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Barclays restated an "overweight" rating on shares of Visa in a research note on Friday, June 13th. Five analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Visa presently has a consensus rating of "Moderate Buy" and an average target price of $377.16.

Visa Trading Up 0.5%

V traded up $1.83 during trading on Wednesday, hitting $353.12. The company's stock had a trading volume of 6,087,117 shares, compared to its average volume of 6,558,146. 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 Inc. has a twelve month low of $254.51 and a twelve month high of $375.51. The stock's fifty day moving average price is $355.76 and its 200-day moving average price is $345.83. The firm has a market capitalization of $651.56 billion, a P/E ratio of 35.49, a PEG ratio of 2.40 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.85 by $0.13. The firm had revenue of $10.17 billion during the quarter, compared to the consensus estimate 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 company earned $2.42 EPS. Analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

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

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 46,214 shares of the firm's stock in a transaction dated 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 in the company, valued at $9,772,810. This trade represents a 63.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,630 shares of the firm'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 transaction, the chief executive officer owned 537 shares of the company's stock, valued at approximately $190,001.34. This represents a 94.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 101,108 shares of company stock worth $36,771,200. 0.13% of the stock is owned by company 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.