Arcadia Investment Management Corp MI Sells 2,901 Shares of Visa Inc. (NYSE:V)

Arcadia Investment Management Corp MI decreased its holdings in Visa Inc. (NYSE:V) by 5.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 55,228 shares of the credit-card processor’s stock after selling 2,901 shares during the quarter. Visa accounts for about 2.5% of Arcadia Investment Management Corp MI’s holdings, making the stock its 13th biggest position. Arcadia Investment Management Corp MI’s holdings in Visa were worth $15,185,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. POM Investment Strategies LLC increased its stake in shares of Visa by 970.0% during the second quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock worth $28,000 after purchasing an additional 97 shares during the period. Reston Wealth Management LLC bought a new position in shares of Visa during the third quarter worth approximately $31,000. TruNorth Capital Management LLC increased its stake in shares of Visa by 211.9% during the second quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock worth $34,000 after purchasing an additional 89 shares during the period. Bbjs Financial Advisors LLC bought a new position in shares of Visa during the second quarter worth approximately $35,000. Finally, CarsonAllaria Wealth Management Ltd. bought a new position in shares of Visa during the second quarter worth approximately $35,000. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the completion of the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $148,687.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.19% of the stock is owned by corporate insiders.

Visa Trading Up 0.3 %

NYSE V opened at $290.74 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a twelve month low of $239.20 and a twelve month high of $296.34. The company has a market cap of $529.82 billion, a price-to-earnings ratio of 29.88, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95. The business’s fifty day moving average is $281.00 and its 200 day moving average is $273.65.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter last year, the business posted $2.33 EPS. Visa’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, sell-side analysts expect that Visa Inc. will post 11.17 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be given a dividend of $0.59 per share. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a yield of 0.81%. The ex-dividend date is Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is currently 21.38%.

Analyst Ratings Changes

V has been the topic of a number of recent research reports. Jefferies Financial Group increased their target price on Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday. Piper Sandler increased their target price on Visa from $319.00 to $322.00 and gave the stock an “overweight” rating in a research note on Wednesday. Macquarie increased their target price on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday. Citigroup increased their price target on Visa from $319.00 to $326.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Robert W. Baird increased their price target on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and a consensus target price of $320.70.

About Visa

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.