Visa Inc. $V Shares Bought by Randolph Co Inc

Key Points

• Randolph Co Inc increased its Visa stake by 25.2% in the first quarter, buying 16,880 additional shares and bringing its total holding to 83,815 shares worth about $25.3 million.
• Wall Street remains broadly bullish on Visa, with a consensus “Buy” rating and an average price target of $397.96. Several firms recently reiterated or initiated positive ratings, including targets as high as $450.
• Visa continues to post strong operating results and shareholder returns, with its latest quarter beating expectations on both EPS and revenue, while also paying a quarterly dividend and authorizing a new $20 billion stock buyback program.

Randolph Co Inc raised its position in Visa Inc. (NYSE:V - Free Report) by 25.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,815 shares of the credit-card processor's stock after purchasing an additional 16,880 shares during the quarter. Visa accounts for approximately 2.4% of Randolph Co Inc's portfolio, making the stock its 24th largest holding. Randolph Co Inc's holdings in Visa were worth $25,332,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of V. Vanguard Group Inc. increased its position in Visa by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 160,975,832 shares of the credit-card processor's stock worth $56,455,834,000 after purchasing an additional 1,054,343 shares in the last quarter. State Street Corp lifted its position in Visa by 0.8% during the fourth quarter. State Street Corp now owns 82,798,151 shares of the credit-card processor's stock valued at $29,038,140,000 after buying an additional 626,821 shares in the last quarter. Geode Capital Management LLC lifted its position in Visa by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 44,042,586 shares of the credit-card processor's stock valued at $15,411,395,000 after buying an additional 388,996 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Visa by 1.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 41,092,294 shares of the credit-card processor's stock worth $14,411,480,000 after buying an additional 716,218 shares during the period. Finally, Capital World Investors grew its stake in Visa by 0.8% during the third quarter. Capital World Investors now owns 24,792,246 shares of the credit-card processor's stock worth $8,463,484,000 after buying an additional 193,288 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Sanford C. Bernstein reissued an "outperform" rating and issued a $450.00 target price on shares of Visa in a research note on Tuesday, June 2nd. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $400.00 price target on shares of Visa in a research report on Wednesday, April 29th. Loop Capital assumed coverage on Visa in a report on Tuesday, March 31st. They issued a "buy" rating and a $387.00 price target for the company. Citigroup cut their price objective on Visa from $450.00 to $400.00 and set a "buy" rating on the stock in a research report on Tuesday, April 14th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $415.00 price objective on shares of Visa in a research report on Wednesday, April 29th. Seven research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $397.96.

Key Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa is expanding into AI-powered travel payments through a partnership with eDreams ODIGEO, allowing AI agents to initiate and complete purchases across major travel brands, which could create new transaction volume. eDO Taps Visa to Allow AI Agents to Purchase Travel
• Positive Sentiment: Visa launched its Threat Intelligence Platform to help banks detect cyber threats earlier and reduce fraud risk, reinforcing the strength of its network and security offering. Visa Lets Banks Access Its In-House Cybersecurity Capabilities
• Positive Sentiment: Visa continues to show momentum in agentic payments, with successful live transactions alongside partners such as BBVA, Worldline, ING, and Nuvei, suggesting early traction in AI-driven payment rails. Visa and BBVA Prove Today’s Rails Can Handle Agentic Payments
• Positive Sentiment: Analyst and market commentary remain constructive, with Visa cited as a top blue-chip name and Piper Sandler recently starting coverage with an Overweight rating and a $394 target. Visa Stock Surges 12.4% in a Month: Time to Buy, Hold or Sell?
• Positive Sentiment: Visa’s last reported quarter beat expectations, with EPS of $3.31 versus $3.10 expected and revenue up 17.1% year over year, supporting the stock’s premium valuation. Visa stock profile and earnings summary
• Neutral Sentiment: CEO Ryan McInerney sold shares under a pre-arranged 10b5-1 plan, which is worth noting but does not necessarily signal a change in outlook. SEC filing for CEO stock sale

Visa Trading Down 0.2%

NYSE V opened at $361.31 on Friday. The company has a market capitalization of $648.10 billion, a price-to-earnings ratio of 31.47, a price-to-earnings-growth ratio of 1.93 and a beta of 0.75. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $362.13. The company's fifty day moving average price is $327.17 and its two-hundred day moving average price is $324.90.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.21. The company had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.75 billion. Visa had a net margin of 51.68% and a return on equity of 65.00%. The company's revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.76 EPS. As a group, research analysts predict that Visa Inc. will post 13.1 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, May 12th. Visa's dividend payout ratio (DPR) is 23.34%.

Visa declared that its Board of Directors has initiated a stock buyback program on Tuesday, April 28th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the credit-card processor to purchase up to 3.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Insider Activity

In related news, CFO Chris Suh sold 10,639 shares of the business's stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total value of $3,455,653.59. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 10,490 shares of the company's stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $343.99, for a total value of $3,608,455.10. Following the sale, the chief executive officer owned 15,174 shares in the company, valued at $5,219,704.26. The trade was a 40.87% 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. Over the last three months, insiders sold 73,554 shares of company stock valued at $24,898,255. 0.12% of the stock is owned by corporate insiders.

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.

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