Integrity Alliance LLC. Sells 20,691 Shares of Visa Inc. $V

Integrity Alliance LLC. decreased its holdings in Visa Inc. (NYSE:V) by 48.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 22,453 shares of the credit-card processor’s stock after selling 20,691 shares during the period. Integrity Alliance LLC.’s holdings in Visa were worth $7,972,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of V. Keystone Global Partners LLC bought a new position in shares of Visa in the 1st quarter valued at $26,000. von Borstel & Associates Inc. bought a new position in shares of Visa in the 1st quarter valued at $27,000. Family Legacy Financial Solutions LLC bought a new stake in Visa during the 2nd quarter worth $28,000. Harbor Asset Planning Inc. acquired a new position in Visa in the 2nd quarter worth about $29,000. Finally, Cranbrook Wealth Management LLC raised its position in Visa by 82.0% in the second quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock valued at $32,000 after purchasing an additional 41 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total value of $3,589,015.50. Following the sale, the chief executive officer owned 537 shares in the company, valued at approximately $183,815.10. The trade was a 95.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $344.02, for a total value of $697,328.54. Following the sale, the general counsel owned 11,925 shares in the company, valued at approximately $4,102,438.50. The trade was a 14.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.13% of the company’s stock.

Visa Trading Down 1.1%

NYSE V opened at $341.07 on Friday. The business’s 50-day moving average price is $344.78 and its two-hundred day moving average price is $348.40. Visa Inc. has a 12 month low of $287.19 and a 12 month high of $375.51. The firm has a market capitalization of $625.11 billion, a PE ratio of 33.41, a price-to-earnings-growth ratio of 2.03 and a beta of 0.90. The company has a current ratio of 1.08, a quick ratio of 1.12 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.01. Visa had a return on equity of 60.31% and a net margin of 50.15%.The firm had revenue of $10.72 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the previous year, the company posted $2.71 EPS. The business’s revenue was up 11.5% on a year-over-year basis. On average, analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be given a $0.67 dividend. This is a boost from Visa’s previous quarterly dividend of $0.59. The ex-dividend date is Wednesday, November 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. Visa’s dividend payout ratio is presently 23.11%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on V shares. Macquarie reduced their price target on Visa from $425.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday. Raymond James Financial reiterated an “outperform” rating and set a $408.00 target price (up from $398.00) on shares of Visa in a research report on Wednesday. Weiss Ratings reiterated a “buy (b)” rating on shares of Visa in a research report on Wednesday, October 8th. Wells Fargo & Company upgraded shares of Visa to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, Robert W. Baird set a $425.00 target price on shares of Visa in a research report on Wednesday. Four research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $400.00.

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.