Integral Investment Advisors Inc. Has $1.60 Million Stock Position in Visa Inc. (NYSE:V)

Integral Investment Advisors Inc. grew its stake in shares of Visa Inc. (NYSE:V) by 116.1% in the 1st quarter, HoldingsChannel reports. The fund owned 4,576 shares of the credit-card processor’s stock after purchasing an additional 2,458 shares during the quarter. Integral Investment Advisors Inc.’s holdings in Visa were worth $1,604,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Visa in the fourth quarter valued at approximately $27,000. POM Investment Strategies LLC increased its stake in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after acquiring an additional 32 shares during the period. Compass Planning Associates Inc bought a new position in Visa during the 4th quarter worth $32,000. NewSquare Capital LLC acquired a new position in Visa in the 4th quarter valued at $35,000. Finally, FPC Investment Advisory Inc. lifted its position in shares of Visa by 377.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock valued at $36,000 after acquiring an additional 83 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Trading Up 1.2%

Shares of NYSE V opened at $370.89 on Wednesday. The firm has a 50 day moving average price of $346.49 and a two-hundred day moving average price of $336.52. The stock has a market cap of $684.35 billion, a P/E ratio of 37.39, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $371.44. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V) last announced its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.08. The business had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. Visa’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $2.51 EPS. As a group, equities analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Tuesday, May 13th. Visa’s dividend payout ratio is presently 23.72%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Jefferies Financial Group raised their price target on Visa from $400.00 to $410.00 and gave the stock a “buy” rating in a research report on Tuesday, May 27th. Susquehanna reissued a “positive” rating on shares of Visa in a report on Friday, March 21st. Mizuho upgraded shares of Visa from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $359.00 to $425.00 in a research report on Thursday, June 5th. Citigroup assumed coverage on shares of Visa in a report on Monday, June 2nd. They set a “buy” rating for the company. Finally, UBS Group raised their target price on Visa from $395.00 to $405.00 and gave the company a “buy” rating in a report on Wednesday, May 28th. Five research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $372.80.

Insiders Place Their Bets

In related news, insider Paul D. Fabara sold 46,214 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the completion of the sale, the insider now owns 26,413 shares of the company’s stock, valued at $9,772,810. This trade represents a 63.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the completion of the transaction, the chief executive officer now directly owns 537 shares in the company, valued at approximately $188,186.28. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 168,162 shares of company stock worth $58,645,479. 0.13% of the stock is currently owned by insiders.

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.