Adirondack Retirement Specialists Inc. Sells 110 Shares of Visa Inc. (NYSE:V)

Adirondack Retirement Specialists Inc. lowered its holdings in Visa Inc. (NYSE:V – Get Rating) by 21.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 397 shares of the credit-card processor’s stock after selling 110 shares during the period. Adirondack Retirement Specialists Inc.’s holdings in Visa were worth $82,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of V. BCK Partners Inc. purchased a new stake in shares of Visa during the 1st quarter valued at $2,717,000. Markel Corp raised its position in shares of Visa by 0.3% during the 1st quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock valued at $213,144,000 after buying an additional 3,065 shares in the last quarter. AMI Investment Management Inc. purchased a new stake in shares of Visa during the 1st quarter valued at $2,323,000. Ergoteles LLC purchased a new stake in shares of Visa during the 1st quarter valued at $538,000. Finally, XTX Topco Ltd purchased a new stake in shares of Visa during the 1st quarter valued at $1,496,000. 81.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Visa

In other Visa news, CFO Vasant M. Prabhu sold 13,343 shares of the stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $234.26, for a total transaction of $3,125,731.18. Following the transaction, the chief financial officer now directly owns 73,638 shares in the company, valued at approximately $17,250,437.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Vasant M. Prabhu sold 13,343 shares of the firm’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $234.26, for a total value of $3,125,731.18. Following the sale, the chief financial officer now directly owns 73,638 shares in the company, valued at approximately $17,250,437.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Alfred F. Kelly, Jr. sold 7,500 shares of the firm’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $232.87, for a total transaction of $1,746,525.00. Following the completion of the sale, the chairman now owns 154,854 shares in the company, valued at $36,060,850.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 187,671 shares of company stock worth $42,943,080. Insiders own 0.22% of the company’s stock.

Visa Price Performance

V stock opened at $233.31 on Monday. The company has a market capitalization of $437.06 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 1.79 and a beta of 0.97. The company’s fifty day moving average price is $227.46 and its 200-day moving average price is $220.17. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.50 and a current ratio of 1.50. Visa Inc. has a one year low of $174.60 and a one year high of $235.57.

Visa (NYSE:V – Get Rating) last released its quarterly earnings results on Tuesday, April 25th. The credit-card processor reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.12. Visa had a net margin of 50.95% and a return on equity of 50.21%. The company had revenue of $7.99 billion for the quarter, compared to the consensus estimate of $7.79 billion. During the same quarter in the prior year, the firm earned $1.79 earnings per share. Visa’s revenue was up 11.1% on a year-over-year basis. On average, equities analysts anticipate that Visa Inc. will post 8.58 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Friday, May 12th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, May 11th. Visa’s payout ratio is presently 24.06%.

Analyst Ratings Changes

V has been the topic of several recent research reports. Mizuho increased their target price on shares of Visa from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Monday, January 30th. Citigroup raised their price target on shares of Visa from $270.00 to $273.00 in a report on Wednesday, April 26th. Oppenheimer raised their price target on shares of Visa from $237.00 to $248.00 and gave the stock an “outperform” rating in a report on Wednesday, April 19th. Credit Suisse Group raised their price target on shares of Visa from $245.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, January 27th. Finally, Royal Bank of Canada raised their price target on shares of Visa from $262.00 to $265.00 in a report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.08.

Visa Company Profile

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Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).