Visa Inc. $V Shares Sold by Investidor Profissional Gestao de Recursos Ltda.

Key Points

• Institutional ownership shifted slightly: Investidor Profissional Gestao de Recursos Ltda. cut its Visa stake by 11.6% in the fourth quarter, though Visa still made up 6.4% of its portfolio. Several other institutional investors increased their positions, and hedge funds/institutions own 82.15% of Visa shares.
• Visa reported strong quarterly results: The company posted EPS of $3.31, beating estimates of $3.10, on revenue of $11.23 billion, which also topped expectations. Revenue rose 17.1% year over year, and analysts still expect $13.09 EPS for the current fiscal year.
• Shareholder returns and sentiment remain supportive: Visa declared a $0.67 quarterly dividend and approved a $20 billion share buyback program. Analyst sentiment is favorable overall, with a consensus Buy rating and an average price target of $387.67.

Investidor Profissional Gestao de Recursos Ltda. decreased its stake in Visa Inc. (NYSE:V - Free Report) by 11.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,575 shares of the credit-card processor's stock after selling 3,997 shares during the period. Visa accounts for 6.4% of Investidor Profissional Gestao de Recursos Ltda.'s investment portfolio, making the stock its 7th largest holding. Investidor Profissional Gestao de Recursos Ltda.'s holdings in Visa were worth $10,723,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Brighton Jones LLC raised its position in Visa by 50.1% in the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock valued at $6,522,000 after purchasing an additional 6,883 shares during the last quarter. Revolve Wealth Partners LLC raised its position in Visa by 68.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock valued at $3,733,000 after purchasing an additional 4,817 shares during the last quarter. Nicholas Hoffman & Company LLC. raised its position in Visa by 4.6% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor's stock valued at $3,834,000 after purchasing an additional 477 shares during the last quarter. Matrix Asset Advisors Inc. NY raised its position in Visa by 16.9% in the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 1,133 shares of the credit-card processor's stock valued at $402,000 after purchasing an additional 164 shares during the last quarter. Finally, Schnieders Capital Management LLC. raised its position in Visa by 13.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 18,367 shares of the credit-card processor's stock valued at $6,521,000 after purchasing an additional 2,230 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on V. TD Cowen reiterated a "buy" rating on shares of Visa in a research report on Friday, January 30th. Macquarie Infrastructure reiterated an "outperform" rating and issued a $410.00 price target on shares of Visa in a research report on Friday, January 30th. Evercore set a $350.00 price target on shares of Visa in a research report on Wednesday, April 29th. Bank of America began coverage on shares of Visa in a research report on Thursday, March 5th. They issued a "buy" rating and a $410.00 price target for the company. Finally, BMO Capital Markets began coverage on shares of Visa in a research report on Tuesday, April 21st. They issued an "outperform" rating and a $365.00 price target for the company. Six equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $387.67.

Insider Transactions at Visa

In other news, CFO Chris Suh sold 10,639 shares of the company's stock in a transaction 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 transaction, the chief financial officer directly owned 9,872 shares of the company's stock, valued at $3,206,524.32. This represents a 51.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 31,455 shares of the company's stock in a transaction 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 transaction, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $5,161,284.36. This trade represents a 67.46% 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 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 company insiders.

Visa News Roundup

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 Stock Performance

NYSE:V opened at $325.42 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.64. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $375.51. The stock has a market cap of $583.73 billion, a PE ratio of 28.35, a price-to-earnings-growth ratio of 1.74 and a beta of 0.78. The firm's fifty day simple moving average is $311.20 and its 200-day simple moving average is $325.89.

Visa (NYSE:V - Get Free Report) last posted its quarterly 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 business had revenue of $11.23 billion for the quarter, compared to analysts' expectations of $10.75 billion. During the same period in the prior year, the company posted $2.76 EPS. The business's revenue for the quarter was up 17.1% on a year-over-year basis. Analysts expect that Visa Inc. will post 13.09 earnings per share for the current fiscal year.

Visa Announces Dividend

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

Visa announced that its Board of Directors has approved a share buyback plan on Tuesday, April 28th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the credit-card processor to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its shares are undervalued.

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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