Alliance Wealth Advisors LLC UT Has $6.13 Million Stake in Visa Inc. $V

Alliance Wealth Advisors LLC UT trimmed its holdings in Visa Inc. (NYSE:V) by 13.7% during the third quarter, Holdings Channel reports. The institutional investor owned 17,965 shares of the credit-card processor’s stock after selling 2,846 shares during the quarter. Visa makes up about 1.4% of Alliance Wealth Advisors LLC UT’s holdings, making the stock its 7th largest position. Alliance Wealth Advisors LLC UT’s holdings in Visa were worth $6,133,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Sagard Holdings Management Inc. bought a new position in shares of Visa in the second quarter valued at approximately $31,000. Bare Financial Services Inc raised its position in Visa by 287.0% in the 2nd quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock valued at $32,000 after buying an additional 66 shares during the last quarter. Quaker Wealth Management LLC raised its position in Visa by 202.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 114 shares of the credit-card processor’s stock valued at $40,000 after buying an additional 225 shares during the last quarter. Winnow Wealth LLC bought a new position in Visa during the 2nd quarter valued at $40,000. Finally, Decker Retirement Planning Inc. purchased a new position in Visa during the 2nd quarter worth $41,000. 82.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the completion of the transaction, the chief executive officer owned 9,401 shares in the company, valued at $3,282,641.18. This trade represents a 52.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.12% of the stock is owned by corporate insiders.

Visa Price Performance

Visa stock opened at $320.90 on Friday. Visa Inc. has a 12 month low of $299.00 and a 12 month high of $375.51. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. The business’s 50 day simple moving average is $336.40 and its 200 day simple moving average is $338.96. The company has a market cap of $582.49 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 1.84 and a beta of 0.79.

Visa (NYSE:V) last released its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.14 by $0.03. The business had revenue of $10.90 billion during the quarter, compared to the consensus estimate of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.The business’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period last year, the business posted $2.75 earnings per share. Sell-side analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $2.68 annualized dividend and a yield of 0.8%. Visa’s dividend payout ratio is 25.14%.

Analysts Set New Price Targets

Several analysts have recently commented on V shares. Truist Financial set a $372.00 target price on shares of Visa in a report on Tuesday, February 10th. Raymond James Financial reiterated an “outperform” rating and issued a $408.00 price objective (up previously from $398.00) on shares of Visa in a research note on Wednesday, October 29th. UBS Group reissued a “buy” rating on shares of Visa in a research report on Tuesday, January 13th. TD Cowen reaffirmed a “buy” rating on shares of Visa in a report on Friday, January 30th. Finally, Evercore set a $380.00 price target on Visa in a research report on Friday, December 12th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Visa presently has an average rating of “Buy” and a consensus price target of $391.43.

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.