Integrated Investment Consultants LLC Has $1.07 Million Stock Holdings in Visa Inc. (NYSE:V)

Integrated Investment Consultants LLC grew its holdings in Visa Inc. (NYSE:V) by 3.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,064 shares of the credit-card processor’s stock after buying an additional 97 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Visa were worth $1,074,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in V. GAMMA Investing LLC increased its position in Visa by 38,416.3% in the first quarter. GAMMA Investing LLC now owns 14,761,375 shares of the credit-card processor’s stock worth $5,173,271,000 after purchasing an additional 14,723,050 shares during the period. Northern Trust Corp increased its position in Visa by 18.0% in the fourth quarter. Northern Trust Corp now owns 18,260,714 shares of the credit-card processor’s stock worth $5,771,116,000 after purchasing an additional 2,785,707 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Visa in the fourth quarter worth about $673,689,000. Sanders Capital LLC acquired a new stake in Visa in the fourth quarter worth about $623,022,000. Finally, Kovitz Investment Group Partners LLC increased its position in Visa by 295.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,362,202 shares of the credit-card processor’s stock worth $746,550,000 after purchasing an additional 1,764,781 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 11,636 shares of the company’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 transaction of $4,363,500.00. Following the sale, the insider owned 26,413 shares in the company, valued at $9,904,875. This represents a 30.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the sale, the chief executive officer owned 537 shares in the company, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their position. 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 90 days. Corporate insiders own 0.13% of the company’s stock.

Visa Trading Up 0.8%

Shares of Visa stock opened at $356.93 on Friday. Visa Inc. has a 12-month low of $254.51 and a 12-month high of $375.51. The stock has a market cap of $658.60 billion, a P/E ratio of 35.87, a P/E/G ratio of 2.39 and a beta of 0.92. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average is $356.30 and its 200-day moving average is $345.00.

Visa (NYSE:V) last announced its quarterly earnings data 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 quarter in the prior year, the business posted $2.51 EPS. The business’s revenue was up 9.3% compared to the same quarter last year. Equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa’s dividend payout ratio is currently 23.72%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on V shares. Oppenheimer boosted their target price on Visa from $390.00 to $391.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. Evercore ISI started coverage on Visa in a research report on Wednesday, April 9th. They set an “in-line” rating and a $330.00 target price for the company. Jefferies Financial Group boosted their target price on Visa from $400.00 to $410.00 and gave the stock a “buy” rating in a research report on Tuesday, May 27th. Macquarie decreased their target price on Visa from $400.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Finally, Mizuho upgraded Visa from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $359.00 to $425.00 in a research report on Thursday, June 5th. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $375.52.

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.