Investment Advisory Services Inc. TX ADV Lowers Position in Visa Inc. (NYSE:V)

Investment Advisory Services Inc. TX ADV trimmed its stake in shares of Visa Inc. (NYSE:V) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,396 shares of the credit-card processor’s stock after selling 30 shares during the period. Investment Advisory Services Inc. TX ADV’s holdings in Visa were worth $1,073,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of V. Riverstone Advisors LLC purchased a new stake in shares of Visa during the 4th quarter valued at about $217,000. Custom Index Systems LLC bought a new stake in Visa during the third quarter worth approximately $731,000. Journey Strategic Wealth LLC raised its position in Visa by 16.4% during the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock valued at $3,058,000 after purchasing an additional 1,361 shares during the period. Copley Financial Group Inc. bought a new stake in shares of Visa in the 3rd quarter valued at approximately $616,000. Finally, Calamos Wealth Management LLC boosted its holdings in shares of Visa by 0.6% in the 4th quarter. Calamos Wealth Management LLC now owns 77,443 shares of the credit-card processor’s stock worth $24,475,000 after purchasing an additional 435 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Visa

In other Visa news, 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 completion of the sale, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the sale, the chief accounting officer now owns 4,488 shares in the company, valued at $1,569,094.56. The trade was a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,056 shares of company stock worth $19,830,050 over the last three months. Corporate insiders own 0.13% of the company’s stock.

Visa Trading Up 0.9 %

V opened at $351.26 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. The firm has a market cap of $652.56 billion, a price-to-earnings ratio of 35.41, a PEG ratio of 2.32 and a beta of 0.97. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $351.90. The stock has a fifty day moving average price of $321.08 and a 200-day moving average price of $296.19.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, equities research analysts anticipate that Visa Inc. will post 11.27 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. Visa’s payout ratio is 23.79%.

Analyst Upgrades and Downgrades

V has been the subject of a number of analyst reports. Raymond James restated an “outperform” rating and issued a $393.00 price target (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Bank of America raised their target price on shares of Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Barclays upped their price target on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Susquehanna raised their price objective on shares of Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. Finally, Oppenheimer upped their target price on Visa from $375.00 to $390.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Four investment 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $354.73.

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.