Visa Inc. $V Shares Purchased by Integrity Alliance LLC.

Integrity Alliance LLC. boosted its position in Visa Inc. (NYSE:V) by 12.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 28,513 shares of the credit-card processor’s stock after acquiring an additional 3,126 shares during the quarter. Integrity Alliance LLC.’s holdings in Visa were worth $10,000,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in V. Clayton Financial Group LLC boosted its stake in Visa by 446.2% during the 4th quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock valued at $25,000 after acquiring an additional 58 shares during the last quarter. Parvin Asset Management LLC boosted its stake in Visa by 200.0% during the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock valued at $26,000 after acquiring an additional 50 shares during the last quarter. PayPay Securities Corp boosted its stake in Visa by 102.7% during the 4th quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock valued at $26,000 after acquiring an additional 38 shares during the last quarter. Cresta Advisors Ltd. bought a new position in Visa during the 4th quarter valued at $26,000. Finally, Dorato Capital Management bought a new position in Visa during the 4th quarter valued at $30,000. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Down 0.5%

Shares of NYSE:V opened at $327.17 on Wednesday. The stock has a market capitalization of $586.87 billion, a price-to-earnings ratio of 28.50, a price-to-earnings-growth ratio of 1.76 and a beta of 0.78. Visa Inc. has a 1-year low of $293.89 and a 1-year high of $375.51. The company’s fifty day moving average is $313.63 and its two-hundred day moving average is $325.17. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.09 and a current ratio of 1.09.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.21. The company had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.75 billion. Visa had a net margin of 51.68% and a return on equity of 65.00%. The firm’s revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.76 earnings per share. Equities analysts anticipate that Visa Inc. will post 13.09 EPS for the current year.

Visa announced that its board has authorized a share buyback program on Tuesday, April 28th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the credit-card processor to buy up to 3.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Visa Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 31,455 shares of the stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $340.14, for a total value of $10,699,103.70. Following the sale, the chief executive officer owned 15,174 shares of the company’s stock, valued at $5,161,284.36. This trade represents a 67.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chris Suh sold 10,639 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the completion of the sale, the chief financial officer directly owned 9,872 shares in the company, valued at approximately $3,206,524.32. This trade represents a 51.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 42,744 shares of company stock valued at $14,356,010 in the last quarter. Company insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on V. Loop Capital began coverage on shares of Visa in a research note on Tuesday, March 31st. They set a “buy” rating and a $387.00 price objective on the stock. Rothschild & Co Redburn set a $385.00 price objective on shares of Visa in a research note on Wednesday, January 28th. Truist Financial set a $371.00 price objective on shares of Visa and gave the company a “buy” rating in a research note on Tuesday, May 12th. UBS Group increased their price objective on shares of Visa from $390.00 to $410.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Piper Sandler set a $160.00 target price on shares of Visa in a report on Wednesday, January 28th. Six investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Visa has a consensus rating of “Buy” and a consensus target price of $386.70.

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.