Integrated Advisors Network LLC Acquires 13,765 Shares of Visa Inc. (NYSE:V)

Integrated Advisors Network LLC raised its position in Visa Inc. (NYSE:V) by 56.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 38,066 shares of the credit-card processor’s stock after acquiring an additional 13,765 shares during the period. Integrated Advisors Network LLC’s holdings in Visa were worth $9,911,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Financial Engines Advisors L.L.C. raised its stake in shares of Visa by 2.8% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 1,747 shares of the credit-card processor’s stock worth $402,000 after purchasing an additional 48 shares in the last quarter. QRG Capital Management Inc. bought a new stake in shares of Visa during the 3rd quarter worth approximately $43,012,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Visa during the 3rd quarter worth approximately $38,201,000. Envestnet Asset Management Inc. raised its stake in shares of Visa by 28.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,983,190 shares of the credit-card processor’s stock worth $916,174,000 after purchasing an additional 871,439 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of Visa by 7.0% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,331,331 shares of the credit-card processor’s stock worth $306,219,000 after purchasing an additional 86,886 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on V shares. Redburn Atlantic reissued a “neutral” rating and set a $307.00 target price on shares of Visa in a report on Wednesday, March 27th. William Blair reissued an “outperform” rating on shares of Visa in a report on Wednesday, April 24th. Piper Sandler started coverage on Visa in a report on Monday, May 13th. They set an “overweight” rating and a $322.00 target price on the stock. Oppenheimer boosted their target price on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, UBS Group upped their price objective on Visa from $315.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $303.76.

Visa Price Performance

Shares of Visa stock traded down $0.53 during trading hours on Friday, hitting $270.66. The company’s stock had a trading volume of 8,537,260 shares, compared to its average volume of 5,425,052. The business has a 50 day moving average price of $274.17 and a two-hundred day moving average price of $272.22. Visa Inc. has a 12-month low of $221.37 and a 12-month high of $290.96. The company has a market cap of $495.02 billion, a PE ratio of 30.24, a PEG ratio of 1.86 and a beta of 0.97. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same period in the previous year, the firm posted $2.09 earnings per share. The business’s revenue was up 9.9% compared to the same quarter last year. Analysts expect that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were issued a $0.52 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. Visa’s dividend payout ratio (DPR) is 23.24%.

Insiders Place Their Bets

In other Visa news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Visa news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares in the company, valued at $713,950.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The disclosure for this sale can be found here. Insiders have sold 34,402 shares of company stock valued at $9,559,382 over the last ninety days. 0.19% of the stock is owned by insiders.

Visa 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.