Visa Inc. $V Position Increased by Port Capital LLC

Port Capital LLC boosted its holdings in Visa Inc. (NYSE:V - Free Report) by 4.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 122,593 shares of the credit-card processor's stock after buying an additional 5,661 shares during the quarter. Visa accounts for about 1.7% of Port Capital LLC's investment portfolio, making the stock its 23rd largest position. Port Capital LLC's holdings in Visa were worth $42,060,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Cresta Advisors Ltd. bought a new stake in shares of Visa during the 4th quarter worth $26,000. Parvin Asset Management LLC raised its position in shares of Visa by 200.0% during 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 during the period. Virtus Advisers LLC acquired a new stake in shares of Visa during the second quarter worth $33,000. RHL Group LLC acquired a new stake in shares of Visa during the fourth quarter worth $34,000. Finally, Timmons Wealth Management LLC purchased a new stake in shares of Visa during the fourth quarter valued at $34,000. Institutional investors own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In other news, insider Tullier Kelly Mahon sold 57,272 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $364.97, for a total value of $20,902,561.84. Following the completion of the sale, the insider directly owned 49,662 shares of the company's stock, valued at $18,125,140.14. This represents a 53.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 20,970 shares of the firm's stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $340.25, for a total transaction of $7,135,042.50. Following the sale, the chief executive officer owned 15,174 shares of the company's stock, valued at approximately $5,162,953.50. This represents a 58.02% 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. Insiders have sold a total of 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 corporate insiders.

Visa Price Performance

V opened at $383.47 on Thursday. The firm has a market capitalization of $684.27 billion, a P/E ratio of 32.61, a PEG ratio of 2.06 and a beta of 0.74. The stock has a fifty day moving average of $356.96 and a 200-day moving average of $330.74. 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 12-month low of $293.89 and a 12-month high of $385.57.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share for the quarter, beating analysts' consensus estimates of $3.23 by $0.09. The business had revenue of $11.63 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $2.98 earnings per share. Equities analysts forecast that Visa Inc. will post 13.16 EPS for the current fiscal year.

Visa Announces Dividend

The firm 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 dividend of $0.67 per share. The ex-dividend date is Tuesday, August 11th. This represents a $2.68 dividend on an annualized basis and a yield of 0.7%. Visa's dividend payout ratio (DPR) is presently 22.79%.

Analyst Ratings Changes

A number of research firms recently weighed in on V. Wolfe Research reiterated an "outperform" rating and issued a $460.00 price target (up from $435.00) on shares of Visa in a research report on Tuesday. BMO Capital Markets boosted their price objective on Visa from $387.00 to $405.00 and gave the stock an "outperform" rating in a report on Wednesday, July 29th. Piper Sandler reaffirmed an "overweight" rating and set a $430.00 price objective (up from $394.00) on shares of Visa in a research note on Wednesday, July 29th. BNP Paribas Exane upgraded shares of Visa to a "strong-buy" rating in a report on Tuesday, July 21st. Finally, Evercore set a $350.00 target price on shares of Visa in a research report on Wednesday, April 29th. Seven research analysts have rated the stock with a Strong Buy rating and twenty-four have given a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $414.54.

More Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa and Bluefin launched a unified card-present payment platform for global merchants. The offering combines payment acceptance, security and device management, potentially simplifying enterprise deployments, reducing compliance burdens and expanding Visa’s merchant-services opportunity. Visa launches unified card-present payment platform
• Positive Sentiment: Visa joined Singapore’s BLOOM initiative, which is intended to connect traditional payment networks with stablecoin-based settlement rails. The effort could improve cross-border payment efficiency and give Visa an early role in digital-payment interoperability. Visa joins BLOOM initiative
• Positive Sentiment: Growing stablecoin card spending and Visa’s stablecoin initiatives support the company’s longer-term opportunity in digital wallets, cross-border transactions and emerging payment forms. The growth may help Visa remain relevant as payment activity expands beyond conventional cards. Visa BLOOM initiative and digital payments
• Neutral Sentiment: Visa approved KARTY LLC for a FinTech Innovation Award following its Qatar launch. The recognition highlights Visa’s partnerships with fintechs but is unlikely to materially affect near-term financial results. KARTY receives Visa FinTech Innovation Award
• Negative Sentiment: After touching $385.57, Visa surrendered the breakout. Commentary points to profit-taking and investor caution around its roughly 33-times earnings valuation, which makes sustained gains more difficult even though payment volumes remain healthy. Visa hits record then surrenders breakout
• Negative Sentiment: CEO Ryan McInerney sold 5,875 shares worth about $2.16 million under a pre-arranged Rule 10b5-1 plan. The scheduled nature reduces the significance, but the transaction may still attract limited insider-selling scrutiny.

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.

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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