CRA Financial Services LLC Sells 46 Shares of Visa Inc. (NYSE:V)

CRA Financial Services LLC lessened its position in shares of Visa Inc. (NYSE:V) by 0.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,246 shares of the credit-card processor’s stock after selling 46 shares during the period. Visa accounts for 1.1% of CRA Financial Services LLC’s holdings, making the stock its 19th biggest holding. CRA Financial Services LLC’s holdings in Visa were worth $4,095,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Graham Capital Wealth Management LLC acquired a new stake in shares of Visa during the 1st quarter worth approximately $299,862,000. Financial Freedom LLC acquired a new stake in Visa in the fourth quarter worth $32,000. Ridgewood Investments LLC bought a new stake in Visa in the first quarter valued at $35,000. Kalos Management Inc. acquired a new position in shares of Visa during the first quarter valued at about $40,000. Finally, NewSquare Capital LLC boosted its position in shares of Visa by 121.9% during the 1st quarter. NewSquare Capital LLC now owns 213 shares of the credit-card processor’s stock worth $48,000 after purchasing an additional 117 shares in the last quarter. Institutional investors and hedge funds own 81.35% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the subject of a number of research analyst reports. Citigroup boosted their target price on Visa from $273.00 to $275.00 in a research report on Wednesday, July 26th. Credit Suisse Group lifted their price target on shares of Visa from $265.00 to $275.00 in a research report on Wednesday, July 26th. Susquehanna raised their price objective on shares of Visa from $266.00 to $300.00 in a research note on Wednesday, July 26th. JPMorgan Chase & Co. boosted their target price on shares of Visa from $265.00 to $296.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 22nd. Finally, Wedbush reiterated an “outperform” rating and set a $270.00 price target on shares of Visa in a research note on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $273.77.

Insider Buying and Selling

In other news, insider Rajat Taneja sold 2,300 shares of Visa stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $240.00, for a total value of $552,000.00. Following the completion of the transaction, the insider now directly owns 232,112 shares in the company, valued at $55,706,880. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Rajat Taneja sold 2,300 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $240.00, for a total transaction of $552,000.00. Following the sale, the insider now owns 232,112 shares of the company’s stock, valued at approximately $55,706,880. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 425 shares of the business’s stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $240.00, for a total transaction of $102,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 81,550 shares of company stock valued at $19,795,806. Company insiders own 0.21% of the company’s stock.

Visa Stock Performance

Shares of V opened at $244.64 on Tuesday. Visa Inc. has a 1 year low of $174.60 and a 1 year high of $250.06. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.49 and a quick ratio of 1.49. The stock’s fifty day moving average price is $241.67 and its two-hundred day moving average price is $232.37. The firm has a market cap of $455.48 billion, a PE ratio of 31.05, a PEG ratio of 1.81 and a beta of 0.95.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 25th. The credit-card processor reported $2.16 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.05. The company had revenue of $8.12 billion during the quarter, compared to analyst estimates of $8.06 billion. Visa had a return on equity of 49.42% and a net margin of 51.94%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.98 EPS. On average, equities research analysts forecast that Visa Inc. will post 8.65 EPS for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Thursday, August 10th. Visa’s payout ratio is currently 22.84%.

Visa Profile

Visa Inc operates as a payments technology company worldwide. 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, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; 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.