Visa Inc. $V is SurgoCap Partners LP's 9th Largest Position

Key Points

• SurgoCap Partners nearly doubled its Visa stake by purchasing 275,840 additional shares in the second quarter. The firm now owns 564,207 shares valued at approximately $193.6 million, representing 6.3% of its portfolio and its ninth-largest position.
• Visa reported quarterly EPS of $3.32 and revenue of $11.63 billion, exceeding analyst estimates, while revenue increased 14.4% year over year. The company also authorized a $20 billion share-repurchase program and maintains a quarterly dividend of $0.67 per share.
• Visa shares recently traded near their 52-week high, and analysts maintain a consensus “Buy” rating with an average price target of $413.58. Insiders have sold shares recently, including CEO Ryan McInerney’s $2.16 million sale under a pre-arranged trading plan.

SurgoCap Partners LP lifted its stake in shares of Visa Inc. (NYSE:V - Free Report) by 95.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 564,207 shares of the credit-card processor's stock after buying an additional 275,840 shares during the period. Visa makes up approximately 6.3% of SurgoCap Partners LP's investment portfolio, making the stock its 9th biggest holding. SurgoCap Partners LP's holdings in Visa were worth $193,574,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. G&S Capital LLC lifted its position in Visa by 4.0% during the 2nd quarter. G&S Capital LLC now owns 761 shares of the credit-card processor's stock worth $261,000 after acquiring an additional 29 shares during the period. Keating Financial Advisory Services Inc. grew its stake in Visa by 0.9% during the 2nd quarter. Keating Financial Advisory Services Inc. now owns 3,189 shares of the credit-card processor's stock valued at $1,094,000 after purchasing an additional 29 shares during the last quarter. NerdWallet Wealth Partners LLC increased its holdings in shares of Visa by 4.5% in the second quarter. NerdWallet Wealth Partners LLC now owns 695 shares of the credit-card processor's stock valued at $239,000 after purchasing an additional 30 shares during the period. Frederick Financial Consultants LLC increased its holdings in shares of Visa by 2.0% in the fourth quarter. Frederick Financial Consultants LLC now owns 1,598 shares of the credit-card processor's stock valued at $560,000 after purchasing an additional 31 shares during the period. Finally, Kuhn & Co Investment Counsel increased its holdings in shares of Visa by 0.5% in the fourth quarter. Kuhn & Co Investment Counsel now owns 6,096 shares of the credit-card processor's stock valued at $2,138,000 after purchasing an additional 32 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the 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 sale, the general counsel directly owned 18,404 shares of the company's stock, valued at approximately $6,625,440. This represents a 9.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 5,875 shares of the firm's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $367.87, for a total transaction of $2,161,236.25. Following the sale, the chief executive officer owned 15,174 shares in the company, valued at approximately $5,582,059.38. This represents 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 have sold 96,634 shares of company stock valued at $34,537,016 in the last 90 days. 0.12% of the stock is currently owned by company insiders.

Visa Stock Performance

Shares of V stock opened at $382.35 on Tuesday. The stock has a market cap of $682.28 billion, a PE ratio of 32.51, a price-to-earnings-growth ratio of 1.99 and a beta of 0.74. The business has a 50-day simple moving average of $354.89 and a 200-day simple moving average of $329.98. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $383.43.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 EPS for the quarter, topping the consensus estimate of $3.23 by $0.09. The firm had revenue of $11.63 billion for the quarter, compared to analyst estimates of $11.40 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%.Visa's revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period last year, the company earned $2.98 earnings per share. On average, equities analysts expect that Visa Inc. will post 13.16 EPS for the current year.

Visa announced that its board has approved a share buyback 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 purchase up to 3.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Visa Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Barclays began coverage on Visa in a report on Tuesday, July 7th. They set an "overweight" rating and a $420.00 target price for the company. Weiss Ratings upgraded shares of Visa from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, July 30th. BNP Paribas Exane raised shares of Visa to a "strong-buy" rating in a research report on Tuesday, July 21st. TD Cowen restated a "buy" rating on shares of Visa in a research note on Wednesday, July 29th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $403.00 price objective (up from $391.00) on shares of Visa in a report on Wednesday, April 29th. 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.com, the company presently has a consensus rating of "Buy" and an average target price of $413.58.

Visa News Roundup

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa and Mastercard reached fresh records as aggregate U.S. spending remained healthy, despite consumers becoming more selective and retail companies issuing cautious warnings. Strong payment volumes support Visa’s transaction and fee revenue. Visa and Mastercard shares hit fresh records, underscoring a resilient U.S. consumer
• Positive Sentiment: Visa’s stablecoin settlement pilot reached an annualized run rate of approximately $7 billion after expanding across nine blockchains. The development strengthens Visa’s position in emerging digital-payment infrastructure and could create additional long-term transaction opportunities. Circle CEO Allaire Maps Stablecoins’ Next Act as Global Payment Rails
• Positive Sentiment: President Donald Trump’s financial disclosure showed purchases of Visa shares, adding a headline-level endorsement from a prominent investor and contributing to market interest in the stock. Visa Stock Climbs After Trump Buys Millions in Stock
• Positive Sentiment: Visa’s monitoring program for Hims & Hers Health highlights the network’s ability to enforce dispute controls and collect penalties when merchants generate excessive chargebacks. The episode reinforces Visa’s risk-management role without exposing it to the merchant’s customer-acquisition or regulatory costs. Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
• Neutral Sentiment: CEO Ryan McInerney is scheduled to speak at the Goldman Sachs Communacopia + Technology Conference on September 8. The presentation could provide updates on spending trends, stablecoins and regulation, but no new financial guidance was announced. Visa to Participate in Upcoming Investor Conference
• Negative Sentiment: McInerney sold 5,875 Visa shares worth approximately $2.16 million, reducing his direct ownership by 27.9%. The sale occurred under a pre-arranged Rule 10b5-1 plan, making it less concerning than discretionary selling, but it may still draw limited attention from investors.

Visa Company 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.

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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