2,371 Visa Inc. $V Shares Sold by Virtue Capital Management LLC

Key Points

• Virtue Capital Management cut its Visa stake by 42.6% in the third quarter, selling 2,371 shares and retaining 3,200 shares valued at approximately $1.15 million. Institutional investors still own 82.15% of Visa’s outstanding stock.
• Visa reported quarterly EPS of $3.48 and revenue of $12.14 billion, exceeding analyst estimates, while revenue increased 13.2% year over year. The company also raised its quarterly dividend to $0.78 per share, or $3.12 annually.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $440.03, although investors are monitoring payments-mix shifts, alternative payment competition, technology costs and inflation pressures.

Virtue Capital Management LLC cut its stake in Visa Inc. (NYSE:V - Free Report) by 42.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,200 shares of the credit-card processor's stock after selling 2,371 shares during the quarter. Virtue Capital Management LLC's holdings in Visa were worth $1,150,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of V. John Boyer Inc. bought a new stake in Visa during the 3rd quarter valued at approximately $27,000. Philadelphia Investment Partners LLC bought a new stake in shares of Visa during the 2nd quarter valued at $29,000. Virtus Advisers LLC purchased a new stake in shares of Visa in the 2nd quarter worth about $33,000. Portfolio Resources Advisor Group Inc. purchased a new stake in Visa in the third quarter worth about $35,000. Finally, DecisionPoint Financial LLC lifted its holdings in shares of Visa by 307.7% during the third quarter. DecisionPoint Financial LLC now owns 106 shares of the credit-card processor's stock valued at $38,000 after purchasing an additional 80 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Stock Up 2.9%

V stock opened at $425.60 on Tuesday. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $426.78. The business's 50-day moving average is $382.40 and its two-hundred day moving average is $342.74. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.97. The company has a market cap of $759.45 billion, a price-to-earnings ratio of 34.52, a P/E/G ratio of 1.88 and a beta of 0.77.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.44 by $0.04. Visa had a net margin of 51.20% and a return on equity of 70.50%. The company had revenue of $12.14 billion during the quarter, compared to analyst estimates of $12.09 billion. During the same period in the previous year, the business posted $2.98 earnings per share. The firm's quarterly revenue was up 13.2% compared to the same quarter last year. As a group, analysts forecast that Visa Inc. will post 15.03 earnings per share for the current year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 10th will be issued a dividend of $0.78 per share. This is a boost from Visa's previous quarterly dividend of $0.67. This represents a $3.12 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, November 10th. Visa's dividend payout ratio is presently 21.74%.

Trending Headlines about Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Higher analyst target: Cantor Fitzgerald maintained an Overweight rating and raised its price target to $500, citing Visa’s strong fundamentals while highlighting the importance of monitoring its payments mix. Visa Stocks Rise 2.4% With Higher Cantor Target Facing a Payments-Mix Test
• Positive Sentiment: Zacks upgraded Visa to Rank #2, or Buy, reflecting growing confidence in its earnings prospects. The upgrade may encourage additional buying and supports the broader analyst-positive narrative. Visa Upgraded to Buy
• Positive Sentiment: Stablecoin adoption is expanding: Visa reported a surge in stablecoin use for business payments, offering a potential long-term growth avenue and reinforcing its role in emerging payment technologies. Visa Reports Surge in Stablecoin Use for Business Payments
• Positive Sentiment: Credit trends remain supportive: Recent big-bank results suggest consumers are managing credit-card debt relatively well, reducing concern that credit deterioration will hurt payment volumes. What the Big Banks’ Third-Quarter Reports Say About Credit Card Borrowers
• Neutral Sentiment: Visa is receiving substantial investor attention, while analysts are publishing updated expectations for its upcoming quarterly results. This may increase trading interest but does not itself change the company’s fundamentals. Investors Heavily Search Visa
• Negative Sentiment: Industry risks remain: Visa and other payment networks face higher technology costs and inflation pressure. Investors are also watching whether shifts in the payments mix and competition from alternative payment methods could constrain growth. Zacks Industry Outlook Highlights Visa and Payments Companies

Analysts Set New Price Targets

V has been the topic of several recent research reports. BNP Paribas Exane upped their price target on Visa from $420.00 to $425.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th. TD Cowen restated a "buy" rating and set a $450.00 price target (up from $420.00) on shares of Visa in a report on Wednesday, October 28th. Daiwa Securities Group lifted their price target on Visa from $375.00 to $422.00 and gave the stock an "outperform" rating in a research report on Thursday, August 6th. Wolfe Research reaffirmed an "outperform" rating and issued a $460.00 price target (up from $435.00) on shares of Visa in a research report on Tuesday, August 25th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $466.00 price target on shares of Visa in a research note on Wednesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating and thirty-five have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $440.03.

Insider Activity

In other news, CEO Ryan Mcinerney sold 5,875 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $367.87, for a total value of $2,161,236.25. Following the completion of the sale, the chief executive officer directly owned 15,174 shares of the company's stock, valued at $5,582,059.38. This represents a 27.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie B. Rottenberg sold 2,028 shares of the firm's stock in a transaction on Monday, August 31st. The shares were sold at an average price of $381.35, for a total transaction of $773,377.80. Following the sale, the general counsel owned 18,404 shares in the company, valued at $7,018,365.40. The trade was a 9.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 21,520 shares of company stock worth $7,960,757 in the last ninety days. Corporate insiders own 0.12% of the company's stock.

About Visa

Visa Inc NYSE: V is a global payments technology company that facilitates electronic payments between consumers, businesses, financial institutions and governments. Through its VisaNet network, the company authorizes, clears and settles transactions made with Visa-branded credit, debit and prepaid cards, while generally not issuing cards, extending credit or setting cardholder account terms.

Visa provides payment products and services for consumer, commercial and government payments, as well as digital commerce and money movement.

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