Intergy Private Wealth LLC Buys 67 Shares of Visa Inc. (NYSE:V)

Intergy Private Wealth LLC increased its stake in Visa Inc. (NYSE:V) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,677 shares of the credit-card processor’s stock after purchasing an additional 67 shares during the quarter. Intergy Private Wealth LLC’s holdings in Visa were worth $530,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Institute for Wealth Management LLC. raised its holdings in Visa by 0.8% during the fourth quarter. Institute for Wealth Management LLC. now owns 13,874 shares of the credit-card processor’s stock valued at $4,385,000 after acquiring an additional 116 shares during the period. Narus Financial Partners LLC raised its holdings in Visa by 53.6% during the fourth quarter. Narus Financial Partners LLC now owns 1,643 shares of the credit-card processor’s stock valued at $519,000 after acquiring an additional 573 shares during the period. Integris Wealth Management LLC raised its holdings in Visa by 16.7% during the fourth quarter. Integris Wealth Management LLC now owns 1,049 shares of the credit-card processor’s stock valued at $332,000 after acquiring an additional 150 shares during the period. AA Financial Advisors LLC raised its holdings in Visa by 2.5% during the fourth quarter. AA Financial Advisors LLC now owns 5,147 shares of the credit-card processor’s stock valued at $1,627,000 after acquiring an additional 124 shares during the period. Finally, Evernest Financial Advisors LLC raised its holdings in Visa by 4.6% during the fourth quarter. Evernest Financial Advisors LLC now owns 3,612 shares of the credit-card processor’s stock valued at $1,142,000 after acquiring an additional 160 shares during the period. 82.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on V. Morgan Stanley lifted their target price on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Susquehanna lifted their target price on Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a report on Friday. Barclays lifted their target price on Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Oppenheimer lifted their target price on Visa from $375.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Keefe, Bruyette & Woods lifted their target price on Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $352.27.

Visa Stock Down 0.3 %

Shares of NYSE V opened at $342.05 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market capitalization of $637.19 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 2.27 and a beta of 0.96. The stock has a 50 day moving average price of $317.74 and a 200 day moving average price of $293.12. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $351.25.

Visa (NYSE:V) last announced 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%. Sell-side analysts expect that Visa Inc. will post 11.18 earnings per share for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be paid 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 (DPR) is 23.79%.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on 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 filing with the SEC, which is available through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Visa 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.