Gabelli Funds LLC Has $59.65 Million Stake in Visa Inc. $V

Key Points

• Gabelli Funds LLC increased its Visa stake by 3.1% in the first quarter, adding 6,000 shares and bringing its total holdings to 197,350 shares worth about $59.65 million.
• Visa delivered strong quarterly results, reporting EPS of $3.31 versus expectations of $3.10 and revenue of $11.23 billion, with revenue up 17.1% year over year.
• The company boosted shareholder returns by paying a $0.67 quarterly dividend and authorizing a $20 billion stock repurchase program, while analysts remain broadly bullish with a consensus “Buy” rating and a target price around $399.41.

Gabelli Funds LLC grew its stake in shares of Visa Inc. (NYSE:V - Free Report) by 3.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 197,350 shares of the credit-card processor's stock after purchasing an additional 6,000 shares during the period. Gabelli Funds LLC's holdings in Visa were worth $59,647,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Invariant Investment Management purchased a new stake in shares of Visa during the fourth quarter valued at approximately $969,000. Nixon Peabody Trust Co. boosted its position in Visa by 58.1% in the first quarter. Nixon Peabody Trust Co. now owns 4,201 shares of the credit-card processor's stock worth $1,270,000 after purchasing an additional 1,543 shares during the last quarter. Vanguard Group Inc. boosted its position in Visa by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 160,975,832 shares of the credit-card processor's stock worth $56,455,834,000 after purchasing an additional 1,054,343 shares during the last quarter. Savvy Advisors Inc. grew its stake in Visa by 30.1% in the 4th quarter. Savvy Advisors Inc. now owns 28,922 shares of the credit-card processor's stock valued at $10,143,000 after purchasing an additional 6,688 shares during the period. Finally, Wealth Enhancement Trust Services Inc. bought a new position in Visa in the 4th quarter valued at $15,966,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Price Performance

Shares of NYSE:V opened at $355.29 on Friday. The firm has a market capitalization of $637.31 billion, a PE ratio of 30.95, a P/E/G ratio of 1.87 and a beta of 0.75. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.64. The company has a 50-day moving average price of $337.58 and a two-hundred day moving average price of $325.34. Visa Inc. has a twelve month low of $293.89 and a twelve month high of $365.14.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.21. The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.75 billion. Visa had a net margin of 51.68% and a return on equity of 65.00%. The company's quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.76 earnings per share. Equities analysts forecast that Visa Inc. will post 13.13 EPS for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. Visa's payout ratio is presently 23.34%.

Visa declared that its Board of Directors has approved a stock repurchase program on Tuesday, April 28th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the credit-card processor to buy up to 3.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages have recently issued reports on V. Weiss Ratings raised Visa from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, July 6th. Truist Financial increased their price target on shares of Visa from $371.00 to $394.00 and gave the company a "buy" rating in a research report on Friday. Raymond James Financial restated an "outperform" rating and set a $389.00 price objective on shares of Visa in a report on Wednesday, April 29th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $387.00 price objective (up from $375.00) on shares of Visa in a research report on Wednesday, July 15th. Finally, Evercore set a $350.00 target price on shares of Visa in a research note on Wednesday, April 29th. Eight research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $399.41.

Insider Buying and Selling at Visa

In other Visa news, CFO Chris Suh sold 10,639 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the sale, the chief financial officer owned 9,872 shares in the company, valued at $3,206,524.32. This represents a 51.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 10,490 shares of the firm's stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $343.99, for a total value of $3,608,455.10. Following the completion of the transaction, the chief executive officer directly owned 15,174 shares of the company's stock, valued at $5,219,704.26. The trade was a 40.87% decrease in their ownership of the stock. 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 have sold 75,581 shares of company stock valued at $25,627,975 in the last 90 days. 0.12% of the stock is currently owned by company insiders.

More Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Truist Financial raised its price target on Visa to $394 from $371 and reiterated a buy rating, signaling more upside as analysts remain constructive on the stock.
• Positive Sentiment: BNP Paribas Exane upgraded Visa, adding to the bullish analyst momentum around the company’s earnings outlook and business fundamentals.
• Positive Sentiment: Several reports suggest Visa could deliver another “business as usual” earnings beat next week, supported by resilient consumer credit demand, strong payment volumes, and ongoing digital payments growth.
• Positive Sentiment: Visa also continues to announce new partnerships, including embedded-finance and agentic-commerce initiatives with Airwallex and Lianlian, which highlight continued expansion opportunities in business-to-business and next-generation payments.
• Neutral Sentiment: Market commentary comparing Visa and Mastercard favorably to American Express after AMEX’s post-earnings selloff may be helping keep Visa steady, but it is more of an industry read-through than a company-specific catalyst.
• Neutral Sentiment: Visa is also drawing attention as a “wide-moat” stock, reflecting its durable competitive position, though that is mainly a long-term quality argument rather than a fresh near-term driver.

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.

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