Mirabaud & Cie SA Has $3.22 Million Position in Visa Inc. $V

Mirabaud & Cie SA cut its holdings in Visa Inc. (NYSE:V - Free Report) by 53.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,391 shares of the credit-card processor's stock after selling 10,912 shares during the quarter. Visa comprises approximately 1.3% of Mirabaud & Cie SA's holdings, making the stock its 17th largest position. Mirabaud & Cie SA's holdings in Visa were worth $3,222,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of V. Clayton Financial Group LLC lifted its position in shares of Visa by 446.2% in the fourth quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor's stock worth $25,000 after buying an additional 58 shares during the last quarter. PayPay Securities Corp raised its position in shares of Visa by 102.7% in the fourth quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor's stock valued at $26,000 after purchasing an additional 38 shares during the period. Cresta Advisors Ltd. acquired a new stake in shares of Visa in the fourth quarter worth $26,000. Parvin Asset Management LLC boosted its holdings in shares of Visa by 200.0% during the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor's stock worth $26,000 after buying an additional 50 shares during the period. Finally, RHL Group LLC acquired a new position in Visa in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the business's 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 transaction, the general counsel directly owned 18,404 shares in the company, valued at approximately $6,625,440. The trade was a 9.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 10,490 shares of the company's stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $343.99, for a total transaction of $3,608,455.10. Following the completion of the sale, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $5,219,704.26. The trade was a 40.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 101,398 shares of company stock valued at $35,831,433. Corporate insiders own 0.12% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. BMO Capital Markets upped their price target on shares of Visa from $387.00 to $405.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. Robert W. Baird increased their target price on Visa from $412.00 to $420.00 and gave the company an "outperform" rating in a research note on Wednesday, July 29th. Morgan Stanley reaffirmed an "overweight" rating and issued a $416.00 price target on shares of Visa in a research report on Wednesday, July 29th. Evercore set a $350.00 price target on Visa in a report on Wednesday, April 29th. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $432.00 price objective (up from $412.00) on shares of Visa in a research note on Thursday, July 30th. Seven investment analysts have rated the stock with a Strong Buy rating and twenty-four have assigned a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $413.58.

Trending Headlines about Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa agreed to acquire fraud-intelligence provider BioCatch for $2.4 billion in cash. The transaction would expand Visa’s artificial-intelligence and cybersecurity capabilities, helping banks and merchants combat account takeovers, scams and other increasingly costly payment fraud. The deal also strengthens Visa’s competitive position against Mastercard in payment security. Visa vs. Mastercard: BioCatch Acquisition
• Positive Sentiment: Visa is moving stablecoin capabilities into production through Visa Direct and a partnership with Zero Hash, enabling stablecoin payouts and prefunding across eligible cards, accounts and wallets in 195 countries and territories. This could broaden Visa’s cross-border payment volume and preserve its role as digital currencies expand. Visa Stablecoin Cross-Border Payouts
• Positive Sentiment: Western Union’s Visa-branded Stablecard, initially launching in 37 markets, will let users hold and spend a dollar-backed stablecoin anywhere Visa is accepted. The rollout offers Visa additional exposure to remittances, digital wallets and cross-border transactions. Western Union Stablecard on Visa Network
• Neutral Sentiment: Industry commentary remains constructive on cross-border payment growth and strategic expansion, but warns that higher technology spending and pressure on consumer spending could weigh on margins across transaction-processing companies. Financial Transaction Stocks Outlook
• Negative Sentiment: Visa reportedly cut approximately 2,600 jobs, including 320 positions in California. Although the restructuring could improve efficiency and lower costs over time, the scale of the layoffs may raise concerns about near-term disruption, employee morale and management execution. Visa Job Cuts

Visa Trading Up 0.4%

Shares of V opened at $370.11 on Friday. The stock has a market cap of $663.89 billion, a PE ratio of 31.47, a PEG ratio of 1.98 and a beta of 0.74. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $373.97. 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 stock has a 50 day simple moving average of $344.41 and a 200-day simple moving average of $326.79.

Visa (NYSE:V - Get Free Report) last announced 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 net margin of 50.78% and a return on equity of 67.68%. The company's revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.98 earnings per share. On average, sell-side analysts predict that Visa Inc. will post 13.14 EPS for the current fiscal year.

Visa announced that its Board of Directors has approved a stock repurchase program on Tuesday, April 28th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the credit-card processor to reacquire up to 3.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

Visa Dividend Announcement

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

Visa Profile

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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