Visa Inc. (NYSE:V) is Mar Vista Investment Partners LLC's 4th Largest Position

Mar Vista Investment Partners LLC cut its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 17.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 162,350 shares of the credit-card processor's stock after selling 34,532 shares during the quarter. Visa makes up approximately 4.7% of Mar Vista Investment Partners LLC's holdings, making the stock its 4th largest holding. Mar Vista Investment Partners LLC's holdings in Visa were worth $56,897,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. von Borstel & Associates Inc. purchased a new stake in Visa during the 1st quarter worth approximately $27,000. Sellwood Investment Partners LLC purchased a new stake in Visa during the 4th quarter worth approximately $41,000. Mountain Hill Investment Partners Corp. purchased a new stake in Visa during the 4th quarter worth approximately $47,000. Measured Risk Portfolios Inc. purchased a new stake in Visa during the 4th quarter worth approximately $47,000. Finally, O Brien Wealth Partners LLC purchased a new stake in Visa during the 1st quarter worth approximately $54,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Paul D. Fabara sold 11,636 shares of the company's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total value of $4,363,500.00. Following the completion of the sale, the insider owned 26,413 shares in the company, valued at $9,904,875. This represents a 30.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's stock in a transaction on 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 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. Insiders sold a total of 101,108 shares of company stock worth $36,771,200 over the last 90 days. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on V. Wall Street Zen upgraded Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Jefferies Financial Group boosted their price target on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. William Blair reiterated an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Truist Financial started coverage on Visa in a report on Monday, June 2nd. They issued a "buy" rating and a $400.00 price target for the company. Finally, Susquehanna reiterated a "positive" rating on shares of Visa in a report on Friday, March 21st. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $372.84.

Visa Stock Performance

V stock traded down $8.17 during trading on Friday, reaching $347.71. 7,577,927 shares of the company's stock were exchanged, compared to its average volume of 6,821,741. 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 1-year low of $252.70 and a 1-year high of $375.51. The company's fifty day moving average price is $356.93 and its 200-day moving average price is $342.56. The firm has a market cap of $641.58 billion, a PE ratio of 34.95, a P/E/G ratio of 2.41 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. The company's revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.51 earnings per share. On average, research analysts expect 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 issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. Visa's dividend payout ratio (DPR) 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.