Arcadia Investment Management Corp MI Reduces Stock Position in Visa Inc. (NYSE:V)

Arcadia Investment Management Corp MI reduced its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 5.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 55,228 shares of the credit-card processor's stock after selling 2,901 shares during the period. Visa comprises 2.5% of Arcadia Investment Management Corp MI's portfolio, 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 SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hilltop National Bank purchased a new position in Visa during the 1st quarter worth $1,212,000. Absolute Capital Management LLC purchased a new position in shares of Visa in the 1st quarter valued at $404,000. Davidson Capital Management Inc. increased its holdings in shares of Visa by 0.5% in the 1st quarter. Davidson Capital Management Inc. now owns 9,275 shares of the credit-card processor's stock valued at $2,588,000 after acquiring an additional 44 shares during the period. Empirical Finance LLC increased its holdings in shares of Visa by 4.4% in the 1st quarter. Empirical Finance LLC now owns 45,724 shares of the credit-card processor's stock valued at $12,761,000 after acquiring an additional 1,914 shares during the period. Finally, Arjuna Capital increased its holdings in shares of Visa by 0.8% in the 2nd quarter. Arjuna Capital now owns 11,851 shares of the credit-card processor's stock valued at $3,111,000 after acquiring an additional 96 shares during the period. 82.15% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at $148,687.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.19% of the company's stock.

Visa Price Performance

NYSE:V traded up $0.89 during trading hours on Friday, hitting $290.74. 5,471,088 shares of the stock were exchanged, compared to its average volume of 5,757,600. Visa Inc. has a 52-week low of $239.20 and a 52-week high of $296.34. The firm's fifty day moving average price is $281.00 and its 200 day moving average price is $273.66. The company has a current ratio of 1.28, a quick ratio of 1.37 and a debt-to-equity ratio of 0.55. The company has a market cap of $529.82 billion, a P/E ratio of 29.88, a P/E/G ratio of 1.94 and a beta of 0.95.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $9.49 billion. During the same period in the previous year, the business earned $2.33 EPS. Visa's quarterly revenue was up 11.7% on a year-over-year basis. As a group, equities research analysts anticipate that Visa Inc. will post 11.17 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be given a $0.59 dividend. The ex-dividend date is Tuesday, November 12th. This is a positive change from Visa's previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.81%. Visa's dividend payout ratio is 21.38%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on V. JPMorgan Chase & Co. raised their price objective on Visa from $290.00 to $320.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 20th. Mizuho raised their price objective on Visa from $279.00 to $292.00 and gave the stock a "neutral" rating in a research report on Friday. The Goldman Sachs Group reissued a "buy" rating and issued a $317.00 price objective on shares of Visa in a research report on Thursday, September 12th. Robert W. Baird lifted their price target on Visa from $330.00 to $340.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Macquarie lifted their price target on Visa from $300.00 to $335.00 and gave the stock an "outperform" rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $320.70.

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.