Kintegral Advisory LLC Has $10.91 Million Holdings in Visa Inc. (NYSE:V)

Kintegral Advisory LLC cut its stake in shares of Visa Inc. (NYSE:V - Free Report) by 32.9% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 31,134 shares of the credit-card processor's stock after selling 15,272 shares during the period. Visa makes up approximately 1.6% of Kintegral Advisory LLC's holdings, making the stock its 6th largest holding. Kintegral Advisory LLC's holdings in Visa were worth $10,911,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Visa by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after buying an additional 7,079,706 shares during the last quarter. Geode Capital Management LLC grew its stake in Visa by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 40,345,176 shares of the credit-card processor's stock worth $12,729,901,000 after buying an additional 1,689,926 shares during the last quarter. Capital International Investors grew its stake in Visa by 3.8% during the 4th quarter. Capital International Investors now owns 23,816,573 shares of the credit-card processor's stock worth $7,526,660,000 after buying an additional 866,596 shares during the last quarter. Capital World Investors grew its stake in Visa by 1.0% during the 4th quarter. Capital World Investors now owns 23,277,622 shares of the credit-card processor's stock worth $7,356,614,000 after buying an additional 241,057 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Visa by 18.0% during the 4th quarter. Northern Trust Corp now owns 18,260,714 shares of the credit-card processor's stock worth $5,771,116,000 after buying an additional 2,785,707 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Down 0.6%

Visa stock traded down $2.20 during mid-day trading on Thursday, hitting $355.56. The company's stock had a trading volume of 6,115,751 shares, compared to its average volume of 6,837,809. The firm's 50 day moving average is $356.66 and its 200 day moving average is $342.11. The company has a market cap of $656.07 billion, a PE ratio of 35.74, a price-to-earnings-growth ratio of 2.40 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $375.51.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. The business had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.51 EPS. On average, analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is currently 23.72%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on V. Jefferies Financial Group increased their price target on Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Wall Street Zen raised Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. UBS Group increased their price target on Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a research note on Wednesday, May 28th. BMO Capital Markets increased their price target on Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Finally, The Goldman Sachs Group began coverage on Visa in a research note on Monday, June 2nd. They issued a "neutral" rating for the company. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Visa presently has a consensus rating of "Moderate Buy" and an average target price of $372.84.

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 11,636 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total value of $4,363,500.00. Following the completion of the sale, the insider owned 26,413 shares in the company, valued at approximately $9,904,875. This trade represents a 30.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the transaction, the general counsel owned 11,925 shares of the company's stock, valued at $4,121,041.50. This trade represents a 17.76% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,108 shares of company stock worth $36,771,200. 0.13% of the stock is currently owned by company 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.