Visa Inc. $V Stake Boosted by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Key Points

• Loring Wolcott & Coolidge Fiduciary Advisors increased its Visa stake by 3.2% in the third quarter, adding 19,213 shares to own 625,694 shares valued at approximately $224.8 million. Institutional investors collectively own 82.15% of Visa.
• Visa’s latest quarterly results exceeded expectations, with adjusted earnings of $3.32 per share and revenue of $11.63 billion, representing 14.4% year-over-year revenue growth. Analysts expect full-year earnings of $13.22 per share and fiscal fourth-quarter EPS of $3.44.
• Analyst sentiment remains positive, with Visa carrying a consensus “Buy” rating and an average price target of $428.85; however, insiders have sold 78,792 shares worth about $28.9 million over the past 90 days.

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Visa Inc. (NYSE:V - Free Report) by 3.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 625,694 shares of the credit-card processor's stock after buying an additional 19,213 shares during the period. Visa accounts for 2.1% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's portfolio, making the stock its 13th largest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in Visa were worth $224,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of V. Philadelphia Investment Partners LLC bought a new stake in shares of Visa during the second quarter valued at approximately $29,000. Virtus Advisers LLC purchased a new stake in Visa in the second quarter worth $33,000. Portfolio Resources Advisor Group Inc. bought a new position in Visa in the third quarter worth $35,000. Delos Wealth Advisors LLC bought a new position in Visa in the second quarter worth $38,000. Finally, Robinswood Financial LLC bought a new position in Visa in the first quarter worth $35,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa News Roundup

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Analysts expect fiscal Q4 earnings per share of $3.44 and revenue of $12.08 billion, up from $2.98 and $10.72 billion, respectively, a forecast that supports the prospect of another earnings beat. Visa Analyst Sees AI Agents Strengthening its Digital Payments Business
• Positive Sentiment: Susquehanna raised its price target to $480, citing the potential for AI-powered payment agents to strengthen Visa’s digital-payments business and expand transaction volumes. Visa Analyst Sees AI Agents Strengthening its Digital Payments Business
• Positive Sentiment: Etisalat Money is adding four international transfer capabilities through Visa Direct, expanding Visa’s cross-border payments reach and supporting its broader digital-payments growth strategy. Etisalat Money Adds Visa Direct Services for International Payments
• Positive Sentiment: Long-term investor interest remains supported by expanding digital-payment adoption and global transaction volumes, although Visa’s recent rally has occurred before new financial results. Visa, Mastercard, or American Express: Which Payment Stock Is the Better Buy?

Visa Stock Performance

Shares of Visa stock opened at $404.48 on Tuesday. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $414.60. The firm's 50-day moving average is $377.09 and its 200 day moving average is $340.89. The stock has a market cap of $721.76 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 1.92 and a beta of 0.77. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.99.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $11.40 billion. Visa had a net margin of 50.78% and a return on equity of 67.68%. Visa's revenue was up 14.4% compared to the same quarter last year. During the same period last year, the business earned $2.98 EPS. Sell-side analysts anticipate that Visa Inc. will post 13.22 EPS for the current fiscal year.

Insider Transactions at Visa

In other news, General Counsel Julie Rottenberg sold 2,028 shares of the company's stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $381.35, for a total value of $773,377.80. Following the transaction, the general counsel owned 18,404 shares in the company, valued at approximately $7,018,365.40. This represents a 9.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Tullier 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 transaction of $20,902,561.84. Following the sale, the insider owned 49,662 shares in the company, valued at approximately $18,125,140.14. The trade was a 53.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 78,792 shares of company stock worth $28,863,319. Corporate insiders own 0.12% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Bank of America boosted their target price on shares of Visa from $410.00 to $430.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Evercore increased their price target on shares of Visa from $350.00 to $370.00 in a research note on Wednesday, July 29th. DZ Bank reissued a "buy" rating on shares of Visa in a research report on Monday, August 3rd. Royal Bank Of Canada reissued an "outperform" rating and set a $466.00 price objective (up from $412.00) on shares of Visa in a research note on Monday, August 31st. Finally, Wolfe Research reissued an "outperform" rating and set a $460.00 price objective (up from $435.00) on shares of Visa in a research note on Tuesday, August 25th. Three equities research analysts have rated the stock with a Strong Buy rating and thirty-four have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $428.85.

Visa Profile

Visa Inc NYSE: V is a global payments technology company that facilitates electronic payments between consumers, businesses, financial institutions and governments. Through its VisaNet network, the company authorizes, clears and settles transactions made with Visa-branded credit, debit and prepaid cards, while generally not issuing cards, extending credit or setting cardholder account terms.

Visa provides payment products and services for consumer, commercial and government payments, as well as digital commerce and money movement.

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.