Visa Inc. (NYSE:V) Shares Bought by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT raised its holdings in Visa Inc. (NYSE:V) by 0.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 16,544 shares of the credit-card processor’s stock after acquiring an additional 147 shares during the period. Visa accounts for about 1.4% of Alliance Wealth Advisors LLC UT’s holdings, making the stock its 9th biggest position. Alliance Wealth Advisors LLC UT’s holdings in Visa were worth $4,307,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Altshuler Shaham Ltd purchased a new stake in shares of Visa during the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of Visa during the 4th quarter valued at $32,000. Valued Wealth Advisors LLC purchased a new stake in Visa during the 4th quarter worth $37,000. Stuart Chaussee & Associates Inc. boosted its position in Visa by 66.2% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock worth $61,000 after purchasing an additional 94 shares during the period. Finally, Macroview Investment Management LLC boosted its position in Visa by 1,019.2% during the 3rd quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock worth $67,000 after purchasing an additional 265 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Performance

V traded down $0.64 on Friday, hitting $274.52. 6,840,615 shares of the company’s stock were exchanged, compared to its average volume of 6,528,673. The firm has a market cap of $504.16 billion, a PE ratio of 30.67, a P/E/G ratio of 1.89 and a beta of 0.96. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The stock has a fifty day moving average of $279.24 and a two-hundred day moving average of $264.33. The company has a current ratio of 1.40, a quick ratio of 1.45 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.08. The firm had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. Visa’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.09 earnings per share. On average, research analysts anticipate that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be paid a $0.52 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. Visa’s payout ratio is currently 23.24%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Robert W. Baird upped their price target on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Citigroup upped their price target on shares of Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a research report on Wednesday. UBS Group upped their price objective on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday. Keefe, Bruyette & Woods upped their price objective on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Finally, William Blair reissued an “outperform” rating on shares of Visa in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $302.58.

Insider Buying and Selling at Visa

In other Visa news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the sale, the director now owns 2,591 shares in the company, valued at $713,950.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lloyd Carney sold 909 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,874 shares of company stock worth $5,506,827. 0.19% of the stock is owned by company 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.