Integral Investment Advisors Inc. Buys 180 Shares of Visa Inc. (NYSE:V)

Integral Investment Advisors Inc. raised its stake in Visa Inc. (NYSE:V) by 9.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,114 shares of the credit-card processor’s stock after acquiring an additional 180 shares during the quarter. Integral Investment Advisors Inc.’s holdings in Visa were worth $564,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in V. GUNN & Co INVESTMENT MANAGEMENT INC. raised its holdings in Visa by 1,215.7% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 168,786 shares of the credit-card processor’s stock valued at $43,943,000 after buying an additional 155,957 shares during the last quarter. Brio Consultants LLC increased its position in Visa by 39.1% during the 4th quarter. Brio Consultants LLC now owns 1,555 shares of the credit-card processor’s stock valued at $405,000 after purchasing an additional 437 shares during the period. Gilbert & Cook Inc. increased its position in Visa by 2.9% during the 4th quarter. Gilbert & Cook Inc. now owns 5,629 shares of the credit-card processor’s stock valued at $1,466,000 after purchasing an additional 158 shares during the period. Cannell & Co. increased its position in Visa by 2.0% during the 4th quarter. Cannell & Co. now owns 20,935 shares of the credit-card processor’s stock valued at $5,450,000 after purchasing an additional 407 shares during the period. Finally, Tower View Wealth Management LLC increased its position in Visa by 0.3% during the 4th quarter. Tower View Wealth Management LLC now owns 18,284 shares of the credit-card processor’s stock valued at $4,760,000 after purchasing an additional 63 shares during the period. Institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on V shares. Citigroup decreased their target price on shares of Visa from $321.00 to $319.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Piper Sandler reduced their price objective on shares of Visa from $322.00 to $319.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Bank of America reaffirmed a “neutral” rating and set a $297.00 price objective (down previously from $305.00) on shares of Visa in a research report on Wednesday, July 10th. Finally, TD Cowen reduced their price objective on shares of Visa from $320.00 to $318.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $308.50.

Visa Price Performance

Shares of NYSE:V opened at $276.37 on Friday. The stock has a market cap of $503.63 billion, a PE ratio of 30.88, a price-to-earnings-growth ratio of 1.95 and a beta of 0.95. Visa Inc. has a 1-year low of $227.78 and a 1-year high of $290.96. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The stock’s fifty day simple moving average is $265.70 and its two-hundred day simple moving average is $273.13.

Visa (NYSE:V) last released its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, hitting analysts’ consensus estimates of $2.42. The company had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.16 EPS. As a group, analysts forecast that Visa Inc. will post 9.92 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Friday, August 9th. Visa’s payout ratio is 23.24%.

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.