Integrity Alliance LLC. Buys 29,740 Shares of Visa Inc. $V

Key Points

• Integrity Alliance LLC significantly increased its stake in Visa Inc. by 221.9%, acquiring an additional 29,740 shares, raising their total holdings to 43,144 shares valued at $15.12 million.
• A number of institutional investors have also boosted their positions in Visa, with 82.15% of the stock currently owned by these investors.
• Visa's recent earnings report showed an EPS of $2.98, exceeding expectations, with revenue of $10.17 billion for the quarter, a 14.3% increase year-over-year.

Integrity Alliance LLC. raised its position in shares of Visa Inc. (NYSE:V - Free Report) by 221.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,144 shares of the credit-card processor's stock after purchasing an additional 29,740 shares during the period. Integrity Alliance LLC.'s holdings in Visa were worth $15,120,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Yeomans Consulting Group Inc. grew its position in Visa by 2.9% in the 1st quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock worth $360,000 after purchasing an additional 29 shares during the period. Semus Wealth Partners LLC grew its position in Visa by 0.8% in the 1st quarter. Semus Wealth Partners LLC now owns 3,449 shares of the credit-card processor's stock worth $1,209,000 after purchasing an additional 29 shares during the period. Headinvest LLC grew its position in Visa by 0.8% in the 4th quarter. Headinvest LLC now owns 4,003 shares of the credit-card processor's stock worth $1,265,000 after purchasing an additional 30 shares during the period. Kennebec Savings Bank grew its position in Visa by 0.9% in the 1st quarter. Kennebec Savings Bank now owns 3,372 shares of the credit-card processor's stock worth $1,182,000 after purchasing an additional 30 shares during the period. Finally, Capital Advisors Ltd. LLC grew its position in Visa by 0.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 3,839 shares of the credit-card processor's stock worth $1,345,000 after purchasing an additional 30 shares during the period. 82.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on V shares. The Goldman Sachs Group started coverage on shares of Visa in a research report on Monday, June 2nd. They issued a "neutral" rating for the company. Citigroup initiated coverage on shares of Visa in a research report on Monday, June 2nd. They issued a "buy" rating on the stock. Mizuho upgraded shares of Visa from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $359.00 to $425.00 in a research report on Thursday, June 5th. Oppenheimer increased their price target on shares of Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Finally, Barclays reiterated an "overweight" rating and issued a $408.00 price target (up from $396.00) on shares of Visa in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Visa currently has a consensus rating of "Moderate Buy" and a consensus price target of $385.96.

Visa Price Performance

NYSE:V traded up $5.16 on Thursday, reaching $343.28. 5,152,779 shares of the company's stock traded hands, compared to its average volume of 4,970,029. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. The stock has a 50-day simple moving average of $347.41 and a 200-day simple moving average of $347.03. The firm has a market cap of $629.16 billion, a PE ratio of 33.52, a P/E/G ratio of 2.25 and a beta of 0.92. Visa Inc. has a 12 month low of $268.23 and a 12 month high of $375.51.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, beating analysts' consensus estimates of $2.85 by $0.13. The business had revenue of $10.17 billion for the quarter, compared to analysts' expectations of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.The business's quarterly revenue was up 14.3% on a year-over-year basis. During the same period last year, the firm earned $2.42 earnings per share. Equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently disclosed 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 was Tuesday, August 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Visa's dividend payout ratio (DPR) is presently 23.05%.

Insider Activity at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the sale, the chief executive officer owned 537 shares in the company, valued at approximately $190,001.34. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company's stock.

About Visa

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.