Visa Inc. $V Shares Acquired by Flputnam Investment Management Co.

Key Points

• Flputnam Investment Management increased its Visa stake by 16.9% in the second quarter, adding 48,248 shares for a total of 333,396 shares valued at approximately $114.4 million. Institutional investors collectively own 82.15% of Visa.
• Analysts remain bullish, with Visa holding a consensus “Buy” rating and an average price target of $414.54; several firms recently raised or set targets between $405 and $445.
• Visa reported strong quarterly results, posting $3.32 in EPS and $11.63 billion in revenue, up 14.4% year over year. However, the stock’s roughly 32.45 P/E ratio and recent record high highlight valuation and profit-taking risks.

Flputnam Investment Management Co. lifted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 16.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 333,396 shares of the credit-card processor's stock after acquiring an additional 48,248 shares during the period. Visa makes up approximately 1.4% of Flputnam Investment Management Co.'s investment portfolio, making the stock its 14th largest holding. Flputnam Investment Management Co.'s holdings in Visa were worth $114,385,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Cresta Advisors Ltd. purchased a new stake in Visa during the 4th quarter worth approximately $26,000. Parvin Asset Management LLC raised its holdings in shares of 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 buying an additional 50 shares during the last quarter. Philadelphia Investment Partners LLC acquired a new stake in shares of Visa during the second quarter worth $29,000. Virtus Advisers LLC acquired a new stake in shares of Visa during the second quarter worth $33,000. Finally, RHL Group LLC acquired a new stake in shares of Visa during the fourth quarter worth $34,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on V. Truist Financial set a $406.00 target price on Visa and gave the company a "buy" rating in a research report on Wednesday, August 5th. TD Cowen reaffirmed a "buy" rating on shares of Visa in a research report on Wednesday, July 29th. BMO Capital Markets increased their price objective on Visa from $387.00 to $405.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. Cantor Fitzgerald set a $445.00 price objective on Visa and gave the stock an "overweight" rating in a research note on Monday, August 3rd. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $412.00 target price (up from $395.00) on shares of Visa in a report on Wednesday, July 29th. Seven analysts have rated the stock with a Strong Buy rating and twenty-four have assigned a Buy rating to the stock. According to MarketBeat.com, Visa has a consensus rating of "Buy" and an average target price of $414.54.

Key Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Stablecoin and AI-payment partnership: Visa is working with Dunamu, the operator of South Korean cryptocurrency exchange Upbit, to develop stablecoin payments, cross-border remittances, settlement services and AI-powered commerce. The agreement could help Visa build institutional-grade digital-asset payment infrastructure across Asia while connecting cryptocurrency technology with its global network. Upbit operator Dunamu teams up with Visa on stablecoin and AI payments
• Positive Sentiment: Expanded cybersecurity product: Visa upgraded its AI-powered Vulnerability Agentic Harness to identify, remediate and validate cyber vulnerabilities for clients. The broader toolset may strengthen Visa’s value proposition to merchants and financial institutions and support growth in security-related services. Visa Rolls Out AI-Powered Cyber Vulnerability Patching for Clients
• Positive Sentiment: Merchant acceptance expansion: Visa’s partnership with Bluefin combines payment security, transaction routing and device management in a unified card-present platform. The offering could simplify deployment for large merchants, deepen customer relationships and expand Visa’s acceptance solutions. Visa Launches Unified Card Present Payment Platform for Global Merchants
• Positive Sentiment: Institutional endorsement: Bill Ackman’s Pershing Square added Visa and Mastercard during a major portfolio overhaul, providing a favorable signal from a prominent long-term investor. Bill Ackman Just Made His Biggest Portfolio Overhaul in Years
• Neutral Sentiment: Visa restored payment-network access in Syria through a live transaction, but Mastercard reportedly reached the market at nearly the same time, limiting any first-mover advantage. Visa Reopens Syria With One Payment and No Monopoly
• Negative Sentiment: Valuation risk: Visa recently reached a record high before giving up the breakout. With shares trading at roughly 32 times earnings, investors may demand continued strong growth, making the stock vulnerable to profit-taking or disappointing execution. Visa Hits Record, Then Surrenders the Breakout

Visa Price Performance

Shares of V opened at $381.66 on Friday. The business's 50-day moving average is $359.07 and its two-hundred day moving average is $331.43. The company has a market capitalization of $681.05 billion, a P/E ratio of 32.45, a P/E/G ratio of 2.04 and a beta of 0.74. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 0.99. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $385.57.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.09. Visa had a return on equity of 67.68% and a net margin of 50.78%.The business had revenue of $11.63 billion during the quarter, compared to analysts' expectations of $11.40 billion. During the same quarter in the previous year, the firm posted $2.98 EPS. The company's revenue for the quarter was up 14.4% on a year-over-year basis. Research analysts predict that Visa Inc. will post 13.16 earnings per share for the current year.

Visa Dividend Announcement

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

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 5,875 shares of Visa stock in a transaction on Friday, August 21st. The shares were sold at an average price of $367.87, for a total value of $2,161,236.25. Following the completion of the transaction, the chief executive officer owned 15,174 shares of the company's stock, valued at approximately $5,582,059.38. The trade was a 27.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the company's stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $360.00, for a total transaction of $729,720.00. Following the completion of the transaction, the general counsel owned 18,404 shares of the company's stock, valued at approximately $6,625,440. This trade represents a 9.92% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 96,634 shares of company stock valued at $34,537,016. Corporate insiders own 0.12% of the company's stock.

About Visa

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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