Visa Inc. $V Shares Sold by Provident Investment Management Inc.

Key Points

• Provident trims Visa stake: Provident Investment Management cut its position in Visa by 5.5% in Q3, selling 14,441 shares and now holds 249,741 shares (about 7.5% of its portfolio) worth roughly $85.26 million, making Visa its largest holding.
• Insider selling: Director Lloyd Carney sold 650 shares and CEO Ryan McInerney sold 10,485 shares (about $3.66M), with the CEO reducing his ownership by ~52.7%; corporate insiders now own just 0.12% of the company.
• Business momentum and analyst view: Visa launched an AI payments pilot and struck processing deals in Argentina, reported an EPS beat and 14.6% revenue growth for the quarter, and carries a MarketBeat consensus rating of "Buy" with a $392.65 target.

Provident Investment Management Inc. trimmed its position in shares of Visa Inc. (NYSE:V - Free Report) by 5.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 249,741 shares of the credit-card processor's stock after selling 14,441 shares during the period. Visa makes up about 7.5% of Provident Investment Management Inc.'s holdings, making the stock its largest holding. Provident Investment Management Inc.'s holdings in Visa were worth $85,257,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of V. Parvin Asset Management LLC raised its holdings in shares of Visa by 200.0% in the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor's stock valued at $26,000 after buying an additional 50 shares during the period. Sagard Holdings Management Inc. purchased a new position in Visa during the 2nd quarter valued at about $31,000. Bare Financial Services Inc boosted its holdings in Visa by 287.0% during the 2nd quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor's stock valued at $32,000 after acquiring an additional 66 shares during the period. Winnow Wealth LLC acquired a new position in Visa in the 2nd quarter valued at about $40,000. Finally, Imprint Wealth LLC acquired a new position in Visa in the 3rd quarter valued at about $39,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

More Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa launched "Visa Agentic Ready," a program to let banks test AI agents making payments on customers' behalf; the first phase in Europe has 21 issuing partners (e.g., Barclays, HSBC UK), which could accelerate product adoption and new transaction flows. Visa Launches Agentic Ready Program to Help Banks Test AI Payments
• Positive Sentiment: Visa agreed to acquire Prisma Medios de Pago and Newpay in Argentina, expanding local card processing and infrastructure in Latin America — a region with above‑trend digital payments growth that can lift volumes and margins over time. Visa’s Argentina Deals Expand Processing Reach And Undervaluation Story
• Positive Sentiment: Tokenization momentum continues: Visa reports a large and growing token footprint (billions of tokens), supporting secure digital credentials and recurring revenue as commerce shifts away from physical cards. This underpins longer-term revenue resilience. Visa's Token Strategy: A Quiet Shift Powering Future Payments
• Positive Sentiment: Ongoing AI investments for fraud protection and digital payments (highlighted by management at industry forums) reinforce operational efficiency and lower losses, which can support margins and investor confidence. Visa (V) Integrates AI for Fraud Protection and Digital Payments
• Neutral Sentiment: Several bullish analyst/think‑piece writeups reiterate Visa's long-term merits (market position, cashflows), which may support investor conviction but are not immediate catalysts. Why Visa (V) is a Top Stock for the Long-Term
• Negative Sentiment: Regulatory/legal risk in the UK remains material: London's Court of Appeal has allowed Mastercard and Visa to challenge a prior tribunal ruling that their default merchant interchange fees breached competition law — litigation could lead to fines, business model changes or merchant fee pressure in Europe. Mastercard, Visa can appeal UK ruling that merchant fees breach antitrust law
• Negative Sentiment: Broader political push in Europe for domestic alternatives to Visa/Mastercard (reported in the FT) signals potential regulatory or market-share headwinds over time if policymakers favor local schemes. School IB business management class: European alternatives to Visa and Mastercard ‘urgently’ needed, says banking chief

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Royal Bank Of Canada reissued an "outperform" rating and set a $395.00 price target on shares of Visa in a research report on Friday, January 30th. Weiss Ratings restated a "buy (b)" rating on shares of Visa in a report on Wednesday, January 21st. Morgan Stanley reaffirmed an "overweight" rating and set a $411.00 target price (up from $398.00) on shares of Visa in a research note on Friday, January 30th. Cantor Fitzgerald upgraded shares of Visa to a "strong-buy" rating in a report on Tuesday, January 27th. Finally, Piper Sandler set a $160.00 price target on shares of Visa in a research report on Wednesday, January 28th. Seven analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $392.65.

Insider Buying and Selling

In other news, Director Lloyd Carney sold 650 shares of the firm's stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total value of $201,253.00. Following the sale, the director directly owned 2,679 shares in the company, valued at approximately $829,471.98. This trade represents a 19.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the sale, the chief executive officer directly owned 9,401 shares of the company's stock, valued at approximately $3,282,641.18. This trade represents a 52.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.12% of the company's stock.

Visa Stock Performance

Shares of V opened at $308.55 on Wednesday. Visa Inc. has a 1 year low of $299.00 and a 1 year high of $375.51. The stock has a market capitalization of $560.07 billion, a PE ratio of 28.94, a PEG ratio of 1.78 and a beta of 0.78. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a 50-day simple moving average of $323.65 and a 200-day simple moving average of $335.32.

Visa (NYSE:V - Get Free Report) last released its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, topping analysts' consensus estimates of $3.14 by $0.03. The firm had revenue of $10.90 billion for the quarter, compared to analyst estimates of $10.69 billion. Visa had a net margin of 50.23% and a return on equity of 61.74%. The business's quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.75 earnings per share. On average, analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th were given a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.9%. Visa's dividend payout ratio is currently 25.14%.

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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