Blacksheep Fund Management Ltd Sells 100,367 Shares of Visa Inc. $V

Key Points

• Blacksheep Fund Management cut its Visa position by 99.7%, selling 100,367 shares and retaining just 343 shares valued at approximately $118,000. Institutional investors overall still own 82.15% of Visa.
• Analysts remain bullish, with Visa receiving a consensus “Buy” rating and an average price target of $416.62. Recent targets ranged from $406 to $450.
• Visa exceeded quarterly expectations with earnings of $3.32 per share and revenue of $11.63 billion, while revenue grew 14.4% year over year. The company also pays a quarterly dividend of $0.67 per share, yielding about 0.7%.

Blacksheep Fund Management Ltd reduced its position in Visa Inc. (NYSE:V - Free Report) by 99.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 343 shares of the credit-card processor's stock after selling 100,367 shares during the period. Visa comprises 5.1% of Blacksheep Fund Management Ltd's investment portfolio, making the stock its 4th biggest position. Blacksheep Fund Management Ltd's holdings in Visa were worth $118,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of V. Brighton Jones LLC grew its holdings in Visa by 50.1% in the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock valued at $6,522,000 after purchasing an additional 6,883 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Visa by 68.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock worth $3,733,000 after buying an additional 4,817 shares during the last quarter. Nicholas Hoffman & Company LLC. raised its stake in shares of Visa by 4.6% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor's stock worth $3,834,000 after buying an additional 477 shares during the last quarter. Matrix Asset Advisors Inc. NY boosted its position in shares of Visa by 16.9% in the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 1,133 shares of the credit-card processor's stock worth $402,000 after buying an additional 164 shares in the last quarter. Finally, Schnieders Capital Management LLC. boosted its position in shares of Visa by 13.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 18,367 shares of the credit-card processor's stock worth $6,521,000 after buying an additional 2,230 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on V. Morgan Stanley reissued an "overweight" rating and issued a $416.00 price objective on shares of Visa in a research note on Wednesday, July 29th. TD Cowen reaffirmed a "buy" rating on shares of Visa in a report on Wednesday, July 29th. Piper Sandler reaffirmed an "overweight" rating and issued a $430.00 price target (up from $394.00) on shares of Visa in a report on Wednesday, July 29th. JPMorgan Chase & Co. increased their price target on shares of Visa from $400.00 to $450.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Finally, Raymond James Financial reissued an "outperform" rating and set a $406.00 price objective on shares of Visa in a research note on Wednesday, July 29th. Seven equities research analysts have rated the stock with a Strong Buy rating and twenty-four have given a Buy rating to the company's stock. According to data from MarketBeat.com, Visa currently has a consensus rating of "Buy" and an average target price of $416.62.

Visa Stock Down 1.8%

Shares of NYSE:V opened at $372.40 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $664.52 billion, a P/E ratio of 31.67, a P/E/G ratio of 2.03 and a beta of 0.74. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $385.57. The stock's fifty day simple moving average is $360.97 and its 200-day simple moving average is $332.13.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 EPS for the quarter, topping analysts' consensus estimates of $3.23 by $0.09. Visa had a return on equity of 67.68% and a net margin of 50.78%.The firm had revenue of $11.63 billion during the quarter, compared to analysts' expectations of $11.40 billion. During the same quarter last year, the business posted $2.98 EPS. The firm's quarterly revenue was up 14.4% compared to the same quarter last year. As a group, equities research analysts forecast that Visa Inc. will post 13.16 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 11th. Visa's dividend payout ratio (DPR) is currently 22.79%.

Insider Transactions at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,028 shares of the business's stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $381.35, for a total value of $773,377.80. Following the completion of the transaction, the general counsel owned 18,404 shares of the company's stock, valued at $7,018,365.40. The trade was a 9.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 5,875 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 15,174 shares of the company's stock, 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. Insiders sold a total of 98,662 shares of company stock worth $35,310,393 over the last ninety days. 0.12% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa launched an enhanced version of A2A Protect, adding real-time risk insights and a unified fraud score powered partly by Featurespace technology. The tool is designed to help banks stop account-to-account fraud before funds leave customer accounts while reducing false alerts, potentially strengthening Visa’s fraud-prevention offerings and relationships with financial institutions. Visa Launches Enhanced A2A Protect Innovations
• Positive Sentiment: Visa and Mastercard reportedly processed their first global payments in Syria, indicating a potential expansion of payment-network activity into a previously limited market. The immediate financial impact is unclear, but broader geographic reach could provide a modest long-term growth opportunity. Visa, Mastercard process first global payments in Syria
• Neutral Sentiment: Visa General Counsel Julie B. Rottenberg sold 2,028 shares worth approximately $773,000 under a pre-arranged Rule 10b5-1 trading plan. Because the sale was scheduled in advance and she retained 18,404 shares, it is a limited signal about management’s view of the stock. Julie B. Rottenberg insider transaction
• Negative Sentiment: Visa has provided approximately 6 million documents to the U.S. Department of Justice in the ongoing debit-card lawsuit. The discovery period has been extended into 2027, with trial currently expected in 2028, prolonging uncertainty around potential regulatory remedies, litigation costs and Visa’s debit-card practices. Visa delivers 6M documents to DOJ

About Visa

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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