5,166 Visa Inc. $V Shares Bought by Alta Advisers Ltd

Key Points

• Alta Advisers increased its Visa stake by 77.9% in the third quarter, buying 5,166 shares to bring its total to 11,798 shares, valued at about $4.24 million.
• Visa beat quarterly earnings and revenue estimates, reporting EPS of $3.48 and revenue of $12.14 billion; revenue rose 13.2% year over year. The company raised its quarterly dividend from $0.67 to $0.78 per share.
• Institutional investors own 82.15% of Visa shares. Company insiders sold 27,395 shares worth about $10.4 million over the past 90 days, including the CEO under a pre-arranged trading plan.

Alta Advisers Ltd lifted its stake in Visa Inc. (NYSE:V - Free Report) by 77.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,798 shares of the credit-card processor's stock after purchasing an additional 5,166 shares during the period. Visa accounts for approximately 0.6% of Alta Advisers Ltd's holdings, making the stock its 24th largest holding. Alta Advisers Ltd's holdings in Visa were worth $4,239,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. XXEC Inc. boosted its holdings in Visa by 153,118.8% during the second quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor's stock worth $63,904,097,000 after purchasing an additional 186,138,883 shares during the last quarter. Jupiter Topco LLC bought a new stake in Visa during the 2nd quarter worth about $1,435,262,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Visa by 13.0% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,720,068 shares of the credit-card processor's stock valued at $5,393,398,000 after acquiring an additional 1,808,496 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Visa by 33.1% during the 1st quarter. Janus Henderson Group PLC now owns 4,486,927 shares of the credit-card processor's stock worth $1,356,090,000 after purchasing an additional 1,116,498 shares during the last quarter. Finally, Amundi increased its position in shares of Visa by 16.5% during the 2nd quarter. Amundi now owns 7,714,919 shares of the credit-card processor's stock worth $2,646,911,000 after purchasing an additional 1,092,315 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 5,875 shares of the company's stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $416.22, for a total value of $2,445,292.50. Following the transaction, the chief executive officer owned 15,174 shares of the company's stock, valued at approximately $6,315,722.28. This represents a 27.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie Rottenberg sold 1,867 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $368.34, for a total value of $687,690.78. Following the transaction, the general counsel owned 18,404 shares in the company, valued at approximately $6,778,929.36. This trade represents a 9.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 27,395 shares of company stock valued at $10,406,050. Corporate insiders own 0.12% of the company's stock.

Visa Price Performance

NYSE:V opened at $422.35 on Friday. Visa Inc. has a one year low of $293.89 and a one year high of $442.23. The company has a market cap of $753.65 billion, a P/E ratio of 32.87, a P/E/G ratio of 1.86 and a beta of 0.80. The firm's fifty day moving average price is $384.99 and its two-hundred day moving average price is $344.21. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.97 and a quick ratio of 0.99.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $12.09 billion. During the same quarter last year, the company posted $2.98 EPS. Visa's quarterly revenue was up 13.2% compared to the same quarter last year. Equities analysts expect that Visa Inc. will post 15.02 earnings per share for the current year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, November 10th. Visa's dividend payout ratio is presently 21.74%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Oppenheimer increased their price objective on Visa from $403.00 to $440.00 and gave the company an "outperform" rating in a report on Wednesday, October 28th. JPMorgan Chase & Co. boosted their target price on shares of Visa from $450.00 to $455.00 and gave the stock an "overweight" rating in a report on Wednesday, October 28th. DZ Bank restated a "buy" rating on shares of Visa in a report on Monday, August 3rd. Daiwa Securities Group upped their price target on shares of Visa from $375.00 to $422.00 and gave the stock an "outperform" rating in a research report on Thursday, August 6th. Finally, Susquehanna set a $480.00 price target on shares of Visa and gave the company a "positive" rating in a research note on Monday, October 26th. Two research analysts have rated the stock with a Strong Buy rating and thirty-five have issued a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $440.82.

Trending Headlines about Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa reported record fourth-quarter and full-year results, with adjusted earnings up 17% year over year, and raised its quarterly dividend by more than 16% to $0.78. The results and higher payout signal continued business growth and management confidence. Article: Visa Reports Record Earnings and Dividend Hike
• Positive Sentiment: Truist raised its price target to $470 and maintained a Buy rating, adding to positive analyst sentiment. Article: Truist Raises Visa Price Target
• Positive Sentiment: Visa announced six technology hubs in Singapore focused on areas including AI, cybersecurity and next-generation payments, and its Featurespace fraud tools were adopted across Verifone gateways. These initiatives could strengthen Visa’s technology offering and create growth opportunities. Article: Visa Establishes Global Capability Hubs in Singapore Article: Verifone Adds Visa-Powered Fraud Screening
• Neutral Sentiment: Visa launched a benchmark for AI shopping tools; nearly half of test runs failed. The project positions Visa in emerging commerce technology, though the results also highlight that AI shopping remains challenging. Article: Visa Releases AI Shopping Benchmark
• Negative Sentiment: U.S. stocks fell sharply in a broad market downturn, likely adding pressure to Visa shares. Separately, commentary flagged rising client incentives and a premium valuation as risks after the stock’s recent run-up. Article: Hard Day on Wall Street Article: Visa’s Solid Q4 Masks Rising Incentives
• Negative Sentiment: Visa’s CEO sold shares under a pre-arranged trading plan. The planned nature of the sale makes it a less definitive signal, but insider selling may add to near-term investor caution. Article: Visa Insider Trades

Visa Profile

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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