<div id="readability-page-1"><p>Palestra Capital Management LLC trimmed its stake in  Visa Inc. (NYSE:V - Free Report) by 6.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 320,034 shares of the credit-card processor's stock after selling 23,019 shares during the quarter. Visa comprises  4.4% of Palestra Capital Management LLC's portfolio, making the stock its 13th largest position. Palestra Capital Management LLC's holdings in Visa were worth $112,159,000 as of its most recent filing with the SEC.</p><ul><li>3 Stocks Poised to Gain from a September Rate Cut</li></ul><p>A number of other large investors also recently modified their holdings of V. Keystone Global Partners LLC purchased a new stake in  Visa during the 1st quarter worth $26,000.  von Borstel &amp; Associates Inc. acquired a new stake in  Visa during the first quarter valued at approximately $27,000.  1 North Wealth Services LLC bought a new stake in shares of  Visa during the 1st quarter valued at about $38,000.  Measured Risk Portfolios Inc. bought a new stake in shares of  Visa in the 4th quarter worth approximately $47,000.  Finally, O Brien Wealth Partners LLC bought a new position in shares of  Visa during the first quarter worth about $54,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>Insider Activity</h2><p>In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the transaction, the general counsel owned 11,925 shares in the company, valued at $4,102,438.50. This trade represents a 14.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the transaction, the chief executive officer directly owned 537 shares in the company, valued at $190,001.34. This represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,293 shares of company stock valued at $8,114,295 over the last three months. Insiders own  0.13% of the company's stock. </p><h2>Visa Stock Performance</h2><ul><li>Vertical Aerospace: An Analyst's Roadmap to a Potential Re-Rating</li></ul><p>Shares of V opened at $343.02 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. The firm's 50 day moving average is $348.51 and its 200-day moving average is $347.27. Visa Inc. has a 12-month low of $268.23 and a 12-month high of $375.51. The stock has a market capitalization of $628.67 billion, a P/E ratio of 33.50, a P/E/G ratio of 2.34 and a beta of 0.92. </p><p>Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, topping analysts' consensus estimates of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The firm had revenue of $10.17 billion during the quarter, compared to analysts' expectations of $9.82 billion. During the same period last year, the firm posted $2.42 earnings per share. The firm's revenue for the quarter was up 14.3% compared to the same quarter last year.  Equities research analysts anticipate that  Visa Inc. will post 11.3 EPS for the current fiscal year. </p><h2>Visa Dividend Announcement</h2><ul><li>V2X Stock: Defense Underdog Riding a $4.3B Air Force Contract</li></ul><p>The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Visa's payout ratio is 23.05%. </p><h2>Wall Street Analyst Weigh In</h2><p>Several brokerages have weighed in on V. Citigroup began coverage on Visa in a research note on Monday, June 2nd. They set a &#34;buy&#34; rating on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Visa in a research note on Thursday, July 17th. They set a &#34;buy&#34; rating and a $410.00 price objective on the stock. Wall Street Zen raised shares of Visa from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a report on Monday, May 12th. The Goldman Sachs Group assumed coverage on shares of Visa in a research report on Monday, June 2nd. They set a &#34;neutral&#34; rating on the stock. Finally, Morgan Stanley increased their price objective on shares of Visa from $386.00 to $402.00 and gave the company an &#34;overweight&#34; rating in a report on Wednesday, July 30th. One research analyst  has rated the stock with a Strong Buy rating, twenty have assigned  a Buy rating and five have issued  a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $385.96.</p><p><b>Check Out Our Latest Stock Analysis on V</b></p><h2>Visa Profile</h2> (Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Visa</li><li>Why Invest in High-Yield Dividend Stocks?</li><li>MarketBeat Week in Review – 09/01 - 09/05</li><li>How Investors Can Identify and Successfully Trade Gap-Down Stocks</li><li>Why DocuSign Could Be a SaaS Value Play After Q2 Earnings</li><li>Following Congress Stock Trades</li><li>Lululemon Share Price Has Plenty of Room Left to Fall</li></ul><p><strong>Want to see what other hedge funds are holding V?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVY?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVY"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Visa Right Now?</h2><p>Before you consider Visa, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Visa wasn't on the list.</p><p>While Visa currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Palestra Capital Management LLC reduced its stake in Visa Inc. (NYSE:V) by 6.7% in Q1, now holding 320,034 shares after selling 23,019 shares. Visa represents 4.4% of its portfolio, valued at $112.16 million. Other investors also acquired stakes in Visa during the same period. Insiders sold a total of 22,293 shares worth over $8 million recently. Visa's stock opened at $343.02, with a market cap of $628.67 billion and a P/E ratio of 33.50. The company reported strong earnings, exceeding estimates, and announced a quarterly dividend of $0.59 per share.</p>

- Palestra Capital Management LLC reduced its stake in Visa Inc. by 6.7%, owning 320,034 shares after selling 23,019 shares in the first quarter.  
- Visa represents 4.4% of Palestra's portfolio, valued at approximately $112.16 million, while 82.15% of Visa's stock is held by institutional investors.  
- Visa reported earnings of $2.98 per share, exceeding estimates, with a quarterly revenue of $10.17 billion, reflecting a 14.3% year-over-year increase.

Visa Inc. $V Shares Sold by Palestra Capital Management LLC