Fairvoy Private Wealth LLC Buys 3,385 Shares of Visa Inc. $V

Key Points

• Fairvoy Private Wealth more than doubled its Visa stake in the third quarter, purchasing 3,385 additional shares to own 6,246 shares valued at approximately $2.24 million. Institutional investors and hedge funds collectively own 82.15% of Visa.
• Analysts remain bullish on Visa, with a consensus “Buy” rating and an average price target of $426.12. Recent target increases include Piper Sandler and Robert W. Baird raising their targets to $430.
• Visa reported quarterly earnings and revenue above analyst expectations, with revenue up 14.4% year over year, while the stock traded near its 52-week high. However, company insiders sold a combined 78,792 shares worth approximately $28.9 million over the past 90 days under pre-arranged trading plans.

Fairvoy Private Wealth LLC increased its stake in shares of Visa Inc. (NYSE:V - Free Report) by 118.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,246 shares of the credit-card processor's stock after purchasing an additional 3,385 shares during the period. Fairvoy Private Wealth LLC's holdings in Visa were worth $2,244,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Trellis Wealth Advisors LLC bought a new stake in Visa in the third quarter valued at approximately $47,000. Clark Financial Services Group Inc. BD raised its holdings in Visa by 3.1% in the third quarter. Clark Financial Services Group Inc. BD now owns 5,899 shares of the credit-card processor's stock worth $2,120,000 after purchasing an additional 179 shares during the period. Hidden Cove Wealth Management LLC boosted its position in shares of Visa by 1.4% during the third quarter. Hidden Cove Wealth Management LLC now owns 3,148 shares of the credit-card processor's stock worth $1,131,000 after purchasing an additional 44 shares in the last quarter. AA Financial Advisors LLC boosted its position in shares of Visa by 3.4% during the third quarter. AA Financial Advisors LLC now owns 4,471 shares of the credit-card processor's stock worth $1,607,000 after purchasing an additional 148 shares in the last quarter. Finally, Greg Jennings LLC bought a new position in shares of Visa during the third quarter worth $8,407,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on V shares. Piper Sandler reissued 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. Robert W. Baird raised their price objective on Visa from $420.00 to $430.00 and gave the stock an "outperform" rating in a research note on Monday, October 12th. Morgan Stanley reiterated an "overweight" rating and set a $416.00 target price (up from $415.00) on shares of Visa in a report on Wednesday, July 29th. BNP Paribas Exane boosted their target price on Visa from $420.00 to $425.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. Finally, Clear Str raised Visa to a "strong-buy" rating in a research note on Thursday, July 16th. Three investment analysts have rated the stock with a Strong Buy rating and thirty-four have assigned a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $426.12.

Key Stories Impacting Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Crypto payments partnership expands Visa’s addressable market. Visa and Mesh are developing a system that would allow consumers to spend cryptocurrency and stablecoin balances directly from participating digital wallets at more than 175 million merchants in over 200 countries. Users would not need a separate crypto card or manual conversion to cash, while merchants could continue using Visa’s existing checkout infrastructure. The initiative could increase transaction volume and strengthen Visa’s relevance as digital-asset payments develop. Visa, Mesh partner to enable crypto spending at 175M merchant locations
• Positive Sentiment: Visa is broadening its U.K. online-merchant reach. Barclaycard Payments is integrating Visa’s Unified Checkout solution, which simplifies online payments and supports digital wallets. Wider adoption of Visa’s tools could boost e-commerce transactions and reinforce its competitive position. Visa Expands U.K. Merchant Reach With Barclaycard Checkout Deal
• Positive Sentiment: Corporate-card distribution is expanding internationally. Newline by Fifth Third will enable eligible U.S. fintechs to offer Visa corporate cards in more than 40 countries through Visa’s Multinational Program, potentially supporting commercial-payment volume and fee growth. Newline and Visa corporate-card collaboration
• Positive Sentiment: Long-term growth expectations remain optimistic. Commentary points to Visa’s scale, high margins and the continued shift from cash to electronic payments as reasons the company could reach a $1 trillion valuation by 2030. Visa’s recent gains and potential fourth-quarter dividend increase may also be supporting investor sentiment. Prediction: Visa Will Be a $1 Trillion Company by 2030
• Neutral Sentiment: China remains a potential but uncertain catalyst. Visa has waited years for access to China’s domestic card market, but regulatory permission to prepare for entry does not guarantee meaningful near-term revenue. Investors may view the opportunity positively while remaining cautious about execution and timing. Visa’s potential China domestic card-market entry

Insider Buying and Selling

In related news, General Counsel Julie B. Rottenberg sold 1,867 shares of the company's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $368.34, for a total value of $687,690.78. Following the completion of the transaction, the general counsel directly owned 18,404 shares of the company's stock, valued at approximately $6,778,929.36. This represents a 9.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 5,875 shares of the company's stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $358.81, for a total transaction of $2,108,008.75. Following the completion of the transaction, the chief executive officer directly owned 15,174 shares of the company's stock, valued at approximately $5,444,582.94. The trade was a 27.91% decrease in their ownership of the stock. 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. Insiders have sold a total of 78,792 shares of company stock worth $28,863,319 over the last ninety days. Company insiders own 0.12% of the company's stock.

Visa Stock Performance

Shares of V stock opened at $402.96 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $719.06 billion, a P/E ratio of 34.27, a price-to-earnings-growth ratio of 1.89 and a beta of 0.77. The company's 50 day moving average price is $373.57 and its two-hundred day moving average price is $347.33. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $404.74.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share for the quarter, beating analysts' consensus estimates of $3.23 by $0.09. The firm had revenue of $11.63 billion for the quarter, compared to analyst estimates of $11.40 billion. Visa had a net margin of 50.78% and a return on equity of 67.68%. The business's revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.98 earnings per share. On average, analysts expect that Visa Inc. will post 13.22 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, August 11th. Visa's dividend payout ratio (DPR) is presently 22.79%.

Visa Company 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.

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.