Goodman Advisory Group LLC Sells 3,835 Shares of Visa Inc. $V

Goodman Advisory Group LLC lowered its holdings in shares of Visa Inc. (NYSE:V) by 35.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,867 shares of the credit-card processor’s stock after selling 3,835 shares during the period. Goodman Advisory Group LLC’s holdings in Visa were worth $2,075,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Hofer & Associates. Inc boosted its stake in Visa by 5.7% in the first quarter. Hofer & Associates. Inc now owns 1,679 shares of the credit-card processor’s stock valued at $508,000 after buying an additional 91 shares in the last quarter. Larry Mathis Financial Planning LLC grew its position in Visa by 33.6% in the first quarter. Larry Mathis Financial Planning LLC now owns 2,653 shares of the credit-card processor’s stock valued at $802,000 after acquiring an additional 667 shares during the last quarter. Trilogy Capital Inc. raised its stake in Visa by 10.8% during the first quarter. Trilogy Capital Inc. now owns 3,552 shares of the credit-card processor’s stock worth $1,074,000 after acquiring an additional 345 shares in the last quarter. Metropolis Capital Ltd raised its stake in Visa by 13.0% during the first quarter. Metropolis Capital Ltd now owns 368,680 shares of the credit-card processor’s stock worth $111,430,000 after acquiring an additional 42,457 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Visa by 2.1% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 837,287 shares of the credit-card processor’s stock worth $253,062,000 after acquiring an additional 16,848 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on V. Bank of America assumed coverage on shares of Visa in a research note on Thursday, March 5th. They issued a “buy” rating and a $410.00 price target on the stock. Oppenheimer reiterated an “outperform” rating and set a $403.00 price objective (up from $391.00) on shares of Visa in a research report on Wednesday, April 29th. Loop Capital began coverage on shares of Visa in a research note on Tuesday, March 31st. They issued a “buy” rating and a $387.00 price objective for the company. Cantor Fitzgerald restated an “overweight” rating and issued a $400.00 target price on shares of Visa in a research report on Wednesday, April 29th. Finally, Weiss Ratings cut shares of Visa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, April 16th. Six research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $387.78.

Insider Activity at Visa

In other Visa news, CFO Chris Suh sold 10,639 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total value of $3,455,653.59. Following the completion of the transaction, the chief financial officer directly owned 9,872 shares in the company, valued at approximately $3,206,524.32. This represents a 51.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 31,455 shares of the firm’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $340.14, for a total transaction of $10,699,103.70. Following the transaction, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at $5,161,284.36. The trade was a 67.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.12% of the stock is owned by company insiders.

Key Stories Impacting Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa launched Visa Destinations, a global travel platform now live in 10 major markets, designed to engage cardholders earlier in the travel journey and deepen use of Visa’s network through curated experiences and exclusive access. Visa Redefines Its Role in Travel With the Global Launch of Visa Destinations
• Positive Sentiment: Visa expanded Visa Cloud Connect with Mintoak and Thredd in Asia Pacific, which could help fintechs and banks issue cards faster and broaden Visa’s reach in merchant SaaS and cloud-based issuing. Visa (V), Mintoak Partner to Expand Merchant SaaS Offerings Across Asia Pacific
• Positive Sentiment: Analysts are highlighting Visa’s new travel push and international expansion efforts as potential future growth drivers, reinforcing the view that Visa can keep monetizing cross-border spending and travel-related activity. Can Visa’s New Travel Play Become Its Next Growth Driver?
• Neutral Sentiment: Several recent write-ups on Visa’s travel and partner initiatives are largely descriptive, but they underscore investor focus on whether these new products can meaningfully add to growth over time. Visa Explores Travel Planning Space With Visa Destinations
• Neutral Sentiment: One opinion piece argued Visa could be vulnerable to payment disruption, but it did not include new fundamental data and appears to be more of a long-term risk discussion than a near-term catalyst. Visa: May Be Next On The Disruption Hit List

Visa Price Performance

Visa stock opened at $336.96 on Monday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $604.43 billion, a PE ratio of 29.35, a P/E/G ratio of 1.80 and a beta of 0.77. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $359.66. The stock has a 50-day moving average price of $323.36 and a two-hundred day moving average price of $324.29.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.21. The firm had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.75 billion. Visa had a return on equity of 65.00% and a net margin of 51.68%.The business’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period last year, the firm posted $2.76 earnings per share. Analysts expect that Visa Inc. will post 13.09 EPS for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Tuesday, May 12th. Visa’s dividend payout ratio (DPR) is 23.34%.

Visa announced that its Board of Directors has authorized a stock repurchase program on Tuesday, April 28th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the credit-card processor to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.