Visa Inc. (NYSE:V) Position Reduced by Kintegral Advisory LLC

Kintegral Advisory LLC cut its stake in shares of Visa Inc. (NYSE:V - Free Report) by 32.9% during the first quarter, according to its most recent disclosure 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 comprises approximately 1.6% of Kintegral Advisory LLC's holdings, making the stock its 6th largest position. Kintegral Advisory LLC's holdings in Visa were worth $10,911,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sellwood Investment Partners LLC bought a new stake in Visa in the fourth quarter worth approximately $41,000. Mountain Hill Investment Partners Corp. acquired a new position in Visa during the 4th quarter valued at $47,000. Measured Risk Portfolios Inc. acquired a new position in Visa during the 4th quarter valued at $47,000. Navigoe LLC acquired a new position in Visa during the 4th quarter valued at $53,000. Finally, O Brien Wealth Partners LLC acquired a new position in shares of Visa in the 1st quarter valued at $54,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Visa in a research note on Monday, June 2nd. They issued a "neutral" rating for the company. William Blair restated an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. Citigroup assumed coverage on shares of Visa in a research report on Monday, June 2nd. They set a "buy" rating for the company. Mizuho upgraded shares of Visa from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $359.00 to $425.00 in a research report on Thursday, June 5th. Finally, UBS Group increased their target price on shares of Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $372.84.

Insider Buying and Selling

In related news, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction 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 completion of the sale, the general counsel directly owned 11,925 shares of the company's stock, valued at approximately $4,121,041.50. This represents a 17.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 46,214 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total value of $17,099,180.00. Following the completion of the sale, the insider directly owned 26,413 shares of the company's stock, valued at $9,772,810. The trade was a 63.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,108 shares of company stock worth $36,771,200 in the last ninety days. Corporate insiders own 0.13% of the company's stock.

Visa Trading Down 0.6%

Shares of Visa stock traded down $2.21 on Monday, reaching $356.65. 5,135,922 shares of the company's stock were exchanged, compared to its average volume of 6,843,613. The company has a market capitalization of $658.08 billion, a P/E ratio of 35.84, a price-to-earnings-growth ratio of 2.43 and a beta of 0.92. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $375.51. The firm's 50-day moving average is $355.79 and its two-hundred day moving average is $341.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. Visa had a return on equity of 56.28% and a net margin of 52.86%. The company had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. During the same period last year, the business earned $2.51 EPS. Visa's quarterly revenue was up 9.3% compared to the same quarter last year. Sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

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

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.