Integrated Investment Consultants LLC Sells 611 Shares of Visa Inc (NYSE:V)

Integrated Investment Consultants LLC lowered its position in Visa Inc (NYSE:V) by 20.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,408 shares of the credit-card processor’s stock after selling 611 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Visa were worth $414,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in V. Nuveen Asset Management LLC increased its holdings in shares of Visa by 3,715.7% in the second quarter. Nuveen Asset Management LLC now owns 16,291,965 shares of the credit-card processor’s stock worth $2,827,471,000 after purchasing an additional 15,864,991 shares during the period. Thoroughbred Financial Services LLC increased its holdings in shares of Visa by 17,806.8% in the second quarter. Thoroughbred Financial Services LLC now owns 3,346,951 shares of the credit-card processor’s stock worth $334,695,000 after purchasing an additional 3,328,260 shares during the period. BlackRock Inc. increased its holdings in shares of Visa by 2.3% in the second quarter. BlackRock Inc. now owns 123,791,138 shares of the credit-card processor’s stock worth $21,483,952,000 after purchasing an additional 2,773,330 shares during the period. Prudential Financial Inc. increased its holdings in shares of Visa by 92.0% in the second quarter. Prudential Financial Inc. now owns 3,898,728 shares of the credit-card processor’s stock worth $676,625,000 after purchasing an additional 1,868,089 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Visa by 1.1% in the second quarter. Vanguard Group Inc. now owns 146,976,797 shares of the credit-card processor’s stock worth $25,507,824,000 after purchasing an additional 1,615,505 shares during the period. 80.99% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on V shares. ValuEngine cut shares of Visa from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Robert W. Baird set a $196.00 price objective on Visa and gave the company a “buy” rating in a research note on Friday, July 19th. Jefferies Financial Group increased their target price on shares of Visa from $190.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. UBS Group increased their target price on shares of Visa from $183.00 to $187.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, Piper Jaffray Companies set a $207.00 target price on shares of Visa and gave the stock a “buy” rating in a report on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Visa has an average rating of “Buy” and an average target price of $196.57.

In other news, Director Lloyd Carney sold 3,500 shares of Visa stock in a transaction on Friday, July 26th. The shares were sold at an average price of $182.73, for a total transaction of $639,555.00. Following the transaction, the director now owns 3,452 shares in the company, valued at approximately $630,783.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Vasant M. Prabhu sold 25,051 shares of Visa stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.14, for a total transaction of $4,537,738.14. Following the transaction, the insider now owns 62,223 shares in the company, valued at approximately $11,271,074.22. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

NYSE:V traded down $0.74 during trading hours on Tuesday, reaching $175.69. The company had a trading volume of 1,304,011 shares, compared to its average volume of 7,812,260. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.57. Visa Inc has a 52 week low of $121.60 and a 52 week high of $187.05. The firm has a market cap of $348.59 billion, a price-to-earnings ratio of 38.11, a PEG ratio of 1.81 and a beta of 0.96. The firm’s 50 day moving average price is $176.80 and its 200-day moving average price is $171.73.

Visa (NYSE:V) last posted its earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.04. Visa had a net margin of 53.43% and a return on equity of 41.04%. The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the previous year, the firm posted $1.20 EPS. The firm’s revenue was up 11.5% on a year-over-year basis. On average, analysts forecast that Visa Inc will post 5.4 earnings per share for the current fiscal year.

Visa Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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