J. Goldman & Co LP acquired a new stake in Visa Inc. (NYSE:V - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 7,179 shares of the credit-card processor's stock, valued at approximately $2,463,000.
Several other institutional investors have also added to or reduced their stakes in V. Cresta Advisors Ltd. purchased a new stake in shares of Visa during the fourth quarter worth $26,000. Parvin Asset Management LLC grew its position in shares of Visa by 200.0% in the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor's stock valued at $26,000 after purchasing an additional 50 shares in the last quarter. Virtus Advisers LLC bought a new stake in shares of Visa during the 2nd quarter valued at $33,000. RHL Group LLC bought a new stake in shares of Visa during the 4th quarter valued at $34,000. Finally, Timmons Wealth Management LLC purchased a new stake in Visa during the 4th quarter worth about $34,000. 82.15% of the stock is owned by hedge funds and other institutional investors.
Visa Price Performance
Shares of Visa stock opened at $383.44 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $684.23 billion, a PE ratio of 32.61, a price-to-earnings-growth ratio of 2.05 and a beta of 0.74. The business's 50-day moving average price is $355.90 and its 200-day moving average price is $330.36. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $384.20.
Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share for the quarter, topping analysts' consensus estimates of $3.23 by $0.09. The company had revenue of $11.63 billion during the quarter, compared to the consensus estimate of $11.40 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%.Visa's quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.98 EPS. Sell-side analysts forecast that Visa Inc. will post 13.16 EPS for the current fiscal year.
Visa announced that its Board of Directors has authorized a stock buyback plan on Tuesday, April 28th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the credit-card processor to reacquire up to 3.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.
Visa Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $2.68 annualized dividend and a dividend yield of 0.7%. Visa's dividend payout ratio (DPR) is 22.79%.
Insider Transactions at Visa
In other news, insider Tullier Kelly Mahon sold 57,272 shares of the business's stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $364.97, for a total value of $20,902,561.84. Following the completion of the sale, the insider directly owned 49,662 shares in the company, valued at approximately $18,125,140.14. The trade was a 53.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $2,161,236.25. Following the transaction, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $5,582,059.38. This represents a 27.91% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 96,634 shares of company stock worth $34,537,016. 0.12% of the stock is currently owned by insiders.
Visa News Summary
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Visa and Mastercard reached fresh records as aggregate U.S. spending remained healthy, despite consumers becoming more selective. Strong payment volumes support Visa’s transaction growth and fee revenue. Visa and Mastercard shares hit fresh records, underscoring a resilient U.S. consumer
- Positive Sentiment: Visa launched a card-present acceptance offering with Bluefin, combining Visa’s global network with Bluefin’s payment-security infrastructure. The partnership could strengthen Visa’s enterprise merchant proposition and support future payment volumes. Visa and Bluefin Introduce Card-Present Acceptance Offering
- Positive Sentiment: European fintech provider payabl. expanded its relationship with Visa to offer Rapid Dispute Resolution tools to merchants in the UK and EU. Automatic dispute resolution may reduce chargebacks and improve merchant retention, reinforcing Visa’s value-added services. payabl. Teams Up with Visa to Help Merchants Quickly Resolve Disputes and Prevent Costly Chargebacks
- Positive Sentiment: Visa joined Singapore’s BLOOM initiative, which aims to connect traditional payment systems with stablecoin settlement networks. The move supports Visa’s positioning in emerging cross-border and digital-payment infrastructure. Visa Joins MAS-Led BLOOM Initiative
- Positive Sentiment: A financial disclosure showed purchases of Visa shares by accounts associated with President Donald Trump, generating additional market attention and perceived confidence in the company. Visa Stock Climbs After Trump Buys Millions in Stock
- Neutral Sentiment: CEO Ryan McInerney will speak at the Goldman Sachs Communacopia + Technology Conference on September 8. Investors may look for updates on spending trends, stablecoins and regulation, but no new guidance was announced. Visa to Participate in Upcoming Investor Conference
- Negative Sentiment: CEO Ryan McInerney sold 5,875 Visa shares worth approximately $2.16 million, reducing his direct ownership by 27.9%. Because the transaction occurred under a pre-arranged Rule 10b5-1 plan, the signal is limited, but insider selling could still attract some investor scrutiny.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein reissued an "outperform" rating and issued a $450.00 price target on shares of Visa in a report on Tuesday, June 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $412.00 target price (up from $395.00) on shares of Visa in a report on Wednesday, July 29th. JPMorgan Chase & Co. increased their target price on shares of Visa from $400.00 to $450.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Wells Fargo & Company reissued an "overweight" rating and issued a $432.00 price target (up from $412.00) on shares of Visa in a report on Thursday, July 30th. Finally, Clear Str upgraded shares of Visa to a "strong-buy" rating in a research report on Thursday, July 16th. Seven investment analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the stock. According to MarketBeat.com, Visa presently has a consensus rating of "Buy" and a consensus target price of $414.54.
Check Out Our Latest Stock Report on V
Visa Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V - Free Report).
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