Ferguson Wellman Capital Management Inc. Has $123.69 Million Stock Position in Visa Inc. $V

Key Points

• Ferguson Wellman Capital Management increased its Visa stake by 1.2% in the second quarter, bringing its holdings to 360,504 shares valued at approximately $123.69 million. Institutional investors and hedge funds collectively own 82.15% of Visa.
• Analysts remain bullish, with a consensus “Buy” rating and an average price target of $414.54; several firms recently raised their targets. Visa also reported quarterly earnings and revenue above expectations, with revenue up 14.4% year over year.
• Visa shares opened at $381.66, near their 52-week high, while insiders sold $34.5 million of stock during the last quarter. The company maintains a quarterly dividend of $0.67, equivalent to a 0.7% annual yield.

Ferguson Wellman Capital Management Inc. raised its stake in shares of Visa Inc. (NYSE:V - Free Report) by 1.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 360,504 shares of the credit-card processor's stock after buying an additional 4,249 shares during the period. Visa comprises about 1.5% of Ferguson Wellman Capital Management Inc.'s investment portfolio, making the stock its 17th biggest holding. Ferguson Wellman Capital Management Inc.'s holdings in Visa were worth $123,685,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. XXEC Inc. raised its position in shares of Visa by 153,118.8% in the second quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor's stock valued at $63,904,097,000 after purchasing an additional 186,138,883 shares during the period. Norges Bank bought a new position in shares of Visa during the fourth quarter valued at $5,877,738,000. Cardano Risk Management B.V. boosted its position in Visa by 867.6% in the fourth quarter. Cardano Risk Management B.V. now owns 8,213,610 shares of the credit-card processor's stock valued at $2,880,595,000 after buying an additional 7,364,762 shares in the last quarter. Diamant Asset Management Inc. boosted its holdings in shares of Visa by 29,706.3% in the 1st quarter. Diamant Asset Management Inc. now owns 7,332,947 shares of the credit-card processor's stock worth $2,216,310,000 after acquiring an additional 7,308,345 shares in the last quarter. Finally, Jupiter Topco LLC acquired a new position in Visa in the second quarter worth $1,435,262,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on V. JPMorgan Chase & Co. boosted 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. Royal Bank Of Canada reiterated an "outperform" rating and set a $412.00 price target (up from $395.00) on shares of Visa in a research report on Wednesday, July 29th. Truist Financial set a $406.00 price objective on Visa and gave the company a "buy" rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $430.00 target price on shares of Visa in a report on Wednesday, July 29th. Finally, Clear Str raised Visa to a "strong-buy" rating in a research note on Thursday, July 16th. Seven equities research analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $414.54.

Insider Buying and Selling at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total transaction of $729,720.00. Following the completion of the transaction, the general counsel directly owned 18,404 shares of the company's stock, valued at $6,625,440. The trade was a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 5,875 shares of Visa stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $367.87, for a total transaction of $2,161,236.25. Following the sale, the chief executive officer directly owned 15,174 shares of the company's stock, valued at $5,582,059.38. The trade was a 27.91% 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. Insiders sold 96,634 shares of company stock valued at $34,537,016 in the last quarter. 0.12% of the stock is currently owned by insiders.

Visa Stock Performance

V opened at $381.66 on Friday. The firm has a market capitalization of $681.05 billion, a PE ratio of 32.45, a PEG ratio of 2.03 and a beta of 0.74. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 0.99. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $385.57. The business's 50-day simple moving average is $359.07 and its 200 day simple moving average is $331.43.

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, beating the consensus estimate of $3.23 by $0.09. The business had revenue of $11.63 billion during the quarter, compared to analysts' expectations of $11.40 billion. Visa had a net margin of 50.78% and a return on equity of 67.68%. The firm's revenue was up 14.4% on a year-over-year basis. During the same period last year, the business earned $2.98 earnings per share. As a group, sell-side analysts expect that Visa Inc. will post 13.16 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be paid a $0.67 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $2.68 annualized dividend and a yield of 0.7%. Visa's dividend payout ratio is currently 22.79%.

More Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Stablecoin and AI-payment partnership: Visa is working with Dunamu, the operator of South Korean cryptocurrency exchange Upbit, to develop stablecoin payments, cross-border remittances, settlement services and AI-powered commerce. The agreement could help Visa build institutional-grade digital-asset payment infrastructure across Asia while connecting cryptocurrency technology with its global network. Upbit operator Dunamu teams up with Visa on stablecoin and AI payments
• Positive Sentiment: Expanded cybersecurity product: Visa upgraded its AI-powered Vulnerability Agentic Harness to identify, remediate and validate cyber vulnerabilities for clients. The broader toolset may strengthen Visa’s value proposition to merchants and financial institutions and support growth in security-related services. Visa Rolls Out AI-Powered Cyber Vulnerability Patching for Clients
• Positive Sentiment: Merchant acceptance expansion: Visa’s partnership with Bluefin combines payment security, transaction routing and device management in a unified card-present platform. The offering could simplify deployment for large merchants, deepen customer relationships and expand Visa’s acceptance solutions. Visa Launches Unified Card Present Payment Platform for Global Merchants
• Positive Sentiment: Institutional endorsement: Bill Ackman’s Pershing Square added Visa and Mastercard during a major portfolio overhaul, providing a favorable signal from a prominent long-term investor. Bill Ackman Just Made His Biggest Portfolio Overhaul in Years
• Neutral Sentiment: Visa restored payment-network access in Syria through a live transaction, but Mastercard reportedly reached the market at nearly the same time, limiting any first-mover advantage. Visa Reopens Syria With One Payment and No Monopoly
• Negative Sentiment: Valuation risk: Visa recently reached a record high before giving up the breakout. With shares trading at roughly 32 times earnings, investors may demand continued strong growth, making the stock vulnerable to profit-taking or disappointing execution. Visa Hits Record, Then Surrenders the Breakout

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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