Rossmore Private Capital Purchases 3,971 Shares of Visa Inc. $V

Key Points

• Rossmore Private Capital increased its Visa stake by 12.0% in Q4, buying 3,971 shares and bringing its total holding to 37,175 shares valued at about $13.0 million.
• Visa reported strong quarterly earnings, with EPS of $3.31 beating estimates and revenue of $11.23 billion topping forecasts, while revenue rose 17.1% year over year.
• The company also announced a $20 billion share repurchase program and a quarterly dividend of $0.67 per share, signaling continued capital returns to shareholders.

Rossmore Private Capital raised its position in Visa Inc. (NYSE:V - Free Report) by 12.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,175 shares of the credit-card processor's stock after buying an additional 3,971 shares during the quarter. Visa comprises about 1.2% of Rossmore Private Capital's portfolio, making the stock its 20th largest position. Rossmore Private Capital's holdings in Visa were worth $13,038,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of V. Clayton Financial Group LLC increased its holdings in Visa by 446.2% in the 4th quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor's stock valued at $25,000 after buying an additional 58 shares during the period. PayPay Securities Corp increased its holdings in Visa by 102.7% in the 4th quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor's stock valued at $26,000 after buying an additional 38 shares during the period. Cresta Advisors Ltd. bought a new position in Visa in the 4th quarter valued at about $26,000. Parvin Asset Management LLC increased its holdings in Visa by 200.0% in the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor's stock valued at $26,000 after buying an additional 50 shares during the period. Finally, Dorato Capital Management bought a new stake in shares of Visa during the 4th quarter valued at approximately $30,000. 82.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Visa news, CFO Chris Suh sold 10,639 shares of the business's stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the sale, the chief financial officer directly owned 9,872 shares of the company's stock, valued at $3,206,524.32. The trade was a 51.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 31,455 shares of the business's stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total transaction 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. The trade was 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. Insiders have sold 42,744 shares of company stock valued at $14,356,010 in the last ninety days. 0.12% of the stock is currently owned by insiders.

Visa Trading Down 0.1%

V opened at $325.42 on Monday. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $375.51. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $583.73 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 1.74 and a beta of 0.78. The company's 50 day moving average price is $311.20 and its two-hundred day moving average price is $325.74.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, topping analysts' consensus estimates of $3.10 by $0.21. Visa had a net margin of 51.68% and a return on equity of 65.00%. The firm had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.75 billion. During the same period in the previous year, the firm posted $2.76 EPS. The company's revenue for the quarter was up 17.1% compared to the same quarter last year. As a group, research analysts predict that Visa Inc. will post 13.09 earnings per share for the current year.

Visa announced that its board has authorized a share buyback program 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 purchase up to 3.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Visa Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently issued reports on V. Daiwa Securities Group raised shares of Visa from a "neutral" rating to an "outperform" rating and set a $370.00 price target on the stock in a report on Monday, February 2nd. Citigroup decreased their price target on shares of Visa from $450.00 to $400.00 and set a "buy" rating on the stock in a report on Tuesday, April 14th. BMO Capital Markets began coverage on shares of Visa in a report on Tuesday, April 21st. They set an "outperform" rating and a $365.00 price target on the stock. Freedom Capital raised shares of Visa from a "hold" rating to a "strong-buy" rating in a report on Monday, February 16th. Finally, Loop Capital began coverage on shares of Visa in a report on Tuesday, March 31st. They set a "buy" rating and a $387.00 price target on the stock. Six research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $387.67.

Key Headlines Impacting Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Trump said he urged China to open its credit card market more to Visa, raising hopes for future international growth if market access improves. Reuters related coverage
• Positive Sentiment: Visa is expanding digital identity and card activation tools, while also launching AI-powered fan intelligence capabilities, reinforcing its innovation and product-growth story. Visa Links Tap Identity And AI Fan Data To Its Growth Story
• Positive Sentiment: Recent commentary highlighted strong spending trends and digital payments adoption, which generally support transaction volume for Visa’s network. Credit Card Charges Show This Glaring Divergence With The Economy
• Neutral Sentiment: Visa CFO Chris Suh sold shares in a disclosed insider transaction, which may slightly pressure sentiment but does not change the company’s operating outlook. SEC Form 4 filing
• Negative Sentiment: Separate news about delays in U.S. green-card processing and Hungary’s visa-worker policy are mostly unrelated to Visa Inc.’s business and should have limited direct impact on the stock. US Delays Green Card Processing For Indians In Key Visa Categories

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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