Highland Financial Advisors LLC Sells 715 Shares of Visa Inc. (NYSE:V)

Highland Financial Advisors LLC trimmed its holdings in Visa Inc. (NYSE:V - Free Report) by 43.7% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 921 shares of the credit-card processor's stock after selling 715 shares during the quarter. Highland Financial Advisors LLC's holdings in Visa were worth $323,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Rooted Wealth Advisors Inc. bought a new position in Visa in the 1st quarter worth $236,000. Beese Fulmer Investment Management Inc. lifted its holdings in Visa by 2.1% in the first quarter. Beese Fulmer Investment Management Inc. now owns 4,586 shares of the credit-card processor's stock worth $1,607,000 after buying an additional 96 shares during the period. James J. Burns & Company LLC boosted its position in Visa by 2.5% during the 1st quarter. James J. Burns & Company LLC now owns 1,981 shares of the credit-card processor's stock valued at $694,000 after acquiring an additional 49 shares in the last quarter. Somerset Trust Co bought a new stake in Visa during the 1st quarter valued at approximately $234,000. Finally, Lantz Financial LLC grew its holdings in shares of Visa by 10.8% during the 1st quarter. Lantz Financial LLC now owns 2,586 shares of the credit-card processor's stock worth $906,000 after acquiring an additional 253 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Stock Performance

Shares of V traded up $2.85 during mid-day trading on Wednesday, hitting $368.71. 1,798,093 shares of the company traded hands, compared to its average volume of 6,478,455. The stock has a market cap of $680.33 billion, a price-to-earnings ratio of 37.17, a P/E/G ratio of 2.33 and a beta of 0.96. The stock has a 50-day moving average price of $344.15 and a two-hundred day moving average price of $334.49. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $369.66. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The firm had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. During the same period in the prior year, the firm earned $2.51 EPS. The company's revenue was up 9.3% compared to the same quarter last year. Equities analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.64%. Visa's dividend payout ratio is currently 23.72%.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the sale, the chief executive officer now directly owns 537 shares in the company, valued at $188,186.28. The trade was a 94.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the transaction, the insider now directly owns 26,413 shares of the company's stock, valued at approximately $8,642,333.60. The trade was a 59.84% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 113,328 shares of company stock valued at $38,419,222. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on V. Jefferies Financial Group lifted their price target on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Wall Street Zen upgraded shares of Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Susquehanna reissued a "positive" rating on shares of Visa in a research report on Friday, March 21st. Finally, Piper Sandler upped their price objective on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Six analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Visa currently has an average rating of "Moderate Buy" and an average target price of $367.48.

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.