New York State Teachers Retirement System Sells 38,949 Shares of Visa Inc. $V

Key Points

• New York State Teachers Retirement System sold 38,949 shares, trimming its Visa stake by 2.8% to 1,345,046 shares (about $471.7M), making Visa its 13th largest holding.
• Visa beat quarterly estimates with $3.31 EPS (vs. $3.10 est.) and $11.23B revenue (up 17.1%), and its board authorized a $20B share buyback while declaring a $0.67 quarterly dividend.
• Insiders sold stock (CEO Ryan McInerney sold 31,455 shares under a 10b5‑1 plan), as Visa pursues growth initiatives like expanded stablecoin settlement across nine blockchains (~$7B annualized run‑rate) and an "Agentic Ready" AI payments rollout, creating both upside and regulatory/structural risk.

New York State Teachers Retirement System lessened its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,345,046 shares of the credit-card processor's stock after selling 38,949 shares during the quarter. Visa makes up 0.9% of New York State Teachers Retirement System's portfolio, making the stock its 13th biggest position. New York State Teachers Retirement System owned 0.07% of Visa worth $471,721,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in V. Clayton Financial Group LLC raised its holdings in shares of Visa by 446.2% during the fourth quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor's stock valued at $25,000 after acquiring an additional 58 shares in the last quarter. Parvin Asset Management LLC raised its holdings in Visa by 200.0% in the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor's stock worth $26,000 after purchasing an additional 50 shares in the last quarter. PayPay Securities Corp raised its holdings in Visa by 102.7% in the fourth quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor's stock worth $26,000 after purchasing an additional 38 shares in the last quarter. Dorato Capital Management bought a new position in Visa in the fourth quarter worth $30,000. Finally, Imprint Wealth LLC bought a new position in Visa in the third quarter worth $39,000. Institutional investors own 82.15% of the company's stock.

Key Stories Impacting Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Strong momentum and analyst support — Coverage pieces are calling Visa a momentum name after solid fundamentals and style‑score metrics that favor growth stocks; UBS and other houses have lifted targets, adding buy‑side pressure. Why Visa is a Top Momentum Stock
• Positive Sentiment: Stablecoin settlement expansion — Visa has broadened its stablecoin pilot to nine blockchains and says settlement volume is at roughly a $7B annualized run‑rate, which increases optionality for non‑bank settlement rails and could accelerate new payment flows. This supports growth and diversification of revenue sources. Visa Expands Stablecoin Pilot
• Positive Sentiment: Agentic/AI payments roll‑out — Visa is scaling its "Agentic Ready" program across APAC/LatAm to capture volume from AI agent‑initiated commerce; if Visa secures the rails for agent payments, it protects future fee pools. Visa Launches Agentic Ready
• Positive Sentiment: Crypto‑card volume accelerating — On‑chain crypto card spending has surged (reports cite a ~500% rise to ~$600M/month) with Visa capturing the lion’s share of that flow, highlighting near‑term volume upside. Crypto Card Spending Surges
• Neutral Sentiment: Dividend and buyback mix — Visa declared a $0.67 quarterly dividend and authorized a $20B repurchase (about 3.6% of shares). Both return capital and signal management confidence, but buybacks can be perceived differently depending on valuation and timing. Insider Filing / Company Release
• Neutral Sentiment: Peer results and sector noise — Mastercard also reported strong results but its stock moved differently, showing the sector can react idiosyncratically to similar beats; investors are weighing valuation vs. durable growth. Mastercard Earnings
• Negative Sentiment: Insider sale by the CEO — CEO Ryan McInerney sold 31,455 shares (executed under a 10b5‑1 plan), cutting his holdings substantially; even planned sales can spook investors and add short‑term selling pressure. SEC Form 4
• Negative Sentiment: Regulatory and structural risks — European moves (digital euro debate) and the rise of alternative rails/agentic commerce raise the prospect that some flows could bypass traditional card economics over time, creating execution and margin risks that keep some investors cautious. Europe Digital Euro Debate

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Macquarie Infrastructure reiterated an "outperform" rating and issued a $410.00 price objective on shares of Visa in a report on Friday, January 30th. Bank of America assumed coverage on Visa in a report on Thursday, March 5th. They issued a "buy" rating and a $410.00 price objective for the company. Raymond James Financial reiterated an "outperform" rating and issued a $389.00 price objective on shares of Visa in a report on Wednesday. Morgan Stanley reiterated an "overweight" rating and issued a $415.00 price objective on shares of Visa in a report on Wednesday. Finally, Citigroup decreased their price objective on Visa from $450.00 to $400.00 and set a "buy" rating for the company in a report on Tuesday, April 14th. Six equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $387.25.

Insider Buying and Selling at Visa

In related news, Director Lloyd Carney sold 650 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total transaction of $201,253.00. Following the sale, the director directly owned 2,679 shares of the company's stock, valued at $829,471.98. This trade represents a 19.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 31,455 shares of the stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $340.14, for a total value of $10,699,103.70. Following the sale, the chief executive officer directly owned 15,174 shares in the company, valued at $5,161,284.36. This trade represents a 67.46% 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. Company insiders own 0.12% of the company's stock.

Visa Trading Down 0.4%

NYSE V opened at $328.43 on Friday. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $375.51. The stock has a market cap of $596.16 billion, a P/E ratio of 28.61, a P/E/G ratio of 1.83 and a beta of 0.80. The stock's fifty day moving average price is $310.11 and its 200-day moving average price is $327.41. The company has a current ratio of 1.09, a quick ratio of 1.11 and a debt-to-equity ratio of 0.64.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, topping analysts' consensus estimates of $3.10 by $0.21. Visa had a return on equity of 65.00% and a net margin of 51.68%.The firm had revenue of $11.23 billion for the quarter, compared to analysts' expectations of $10.75 billion. During the same period in the prior year, the firm posted $2.76 earnings per share. The company's quarterly revenue was up 17.1% on a year-over-year basis. As a group, equities analysts forecast that Visa Inc. will post 12.97 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, May 12th. Visa's dividend payout ratio is currently 23.34%.

Visa announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, April 28th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the credit-card processor to reacquire up to 3.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company's management believes its shares are undervalued.

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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