Visa Inc. (NYSE:V) Holdings Trimmed by Mayar Capital Ltd.

Mayar Capital Ltd. lowered its position in Visa Inc. (NYSE:V - Free Report) by 81.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,780 shares of the credit-card processor's stock after selling 24,800 shares during the period. Visa makes up about 3.6% of Mayar Capital Ltd.'s portfolio, making the stock its 8th largest position. Mayar Capital Ltd.'s holdings in Visa were worth $2,026,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of V. von Borstel & Associates Inc. purchased a new position in shares of Visa in the 1st quarter worth approximately $27,000. Sellwood Investment Partners LLC purchased a new position in shares of Visa in the 4th quarter worth approximately $41,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of Visa in the 4th quarter worth approximately $47,000. Measured Risk Portfolios Inc. acquired a new stake in Visa in the 4th quarter worth approximately $47,000. Finally, Navigoe LLC acquired a new stake in Visa in the 4th quarter worth approximately $53,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Citigroup assumed coverage on shares of Visa in a research note on Monday, June 2nd. They issued a "buy" rating for the company. Wall Street Zen upgraded shares of Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Evercore ISI assumed coverage on shares of Visa in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 target price for the company. Mizuho upgraded shares of Visa from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $359.00 to $425.00 in a research note on Thursday, June 5th. Finally, Macquarie lowered their target price on shares of Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Visa currently has an average rating of "Moderate Buy" and a consensus target price of $375.52.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total value of $4,363,500.00. Following the transaction, the insider directly owned 26,413 shares of the company's stock, valued at $9,904,875. The trade was a 30.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the completion of the transaction, the chief executive officer directly owned 537 shares in the company, valued at $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,108 shares of company stock valued at $36,771,200. 0.13% of the stock is owned by corporate insiders.

Visa Stock Down 0.4%

NYSE:V traded down $1.46 during mid-day trading on Friday, hitting $348.35. The stock had a trading volume of 2,160,548 shares, compared to its average volume of 6,780,496. The stock has a 50-day simple moving average of $356.90 and a two-hundred day simple moving average of $343.40. The company has a market capitalization of $642.76 billion, a PE ratio of 35.03, a PEG ratio of 2.37 and a beta of 0.92. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last issued its 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 net margin of 52.86% and a return on equity of 56.28%. The firm had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. During the same quarter last year, the company earned $2.51 earnings per share. The firm's revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed 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 was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. Visa's payout ratio is currently 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.