Intergy Private Wealth LLC Boosts Holdings in Visa Inc. (NYSE:V)

Intergy Private Wealth LLC raised its holdings in Visa Inc. (NYSE:V) by 4.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,677 shares of the credit-card processor’s stock after acquiring an additional 67 shares during the period. Intergy Private Wealth LLC’s holdings in Visa were worth $530,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in V. Decker Retirement Planning Inc. purchased a new stake in shares of Visa during the 4th quarter worth about $26,000. Peterson Financial Group Inc. purchased a new stake in shares of Visa during the 3rd quarter worth about $26,000. Modus Advisors LLC purchased a new stake in shares of Visa during the 4th quarter worth about $32,000. Reston Wealth Management LLC purchased a new stake in shares of Visa during the 3rd quarter worth about $31,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in shares of Visa during the 4th quarter worth about $44,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

V has been the topic of several recent analyst reports. TD Cowen increased their target price on shares of Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Macquarie boosted their price objective on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Robert W. Baird boosted their price objective on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Raymond James reissued an “outperform” rating and issued a $393.00 price objective (up from $374.00) on shares of Visa in a research note on Friday. Finally, Barclays increased their price objective on Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Four analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and an average target price of $352.27.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Visa Price Performance

V stock opened at $342.05 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market capitalization of $637.19 billion, a P/E ratio of 35.15, a P/E/G ratio of 2.27 and a beta of 0.96. The business’s 50-day moving average is $317.74 and its two-hundred day moving average is $293.12. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $351.25.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 53.16% and a net margin of 54.96%. Analysts anticipate that Visa Inc. will post 11.18 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s dividend payout ratio is currently 23.79%.

Visa Company 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.