Visa Inc. $V Stock Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems reduced its Visa holdings by 4.0%, selling 20,632 shares and retaining 492,286 shares valued at approximately $176.9 million. Institutional investors collectively own 82.15% of Visa.
• Analysts remain broadly bullish, with Visa receiving an average “Buy” rating and a consensus price target of $438.41; several firms recently raised their targets.
• Visa reported quarterly revenue growth of 13.2% and EPS of $3.48, exceeding estimates, and raised its quarterly dividend from $0.67 to $0.78 per share. Company insiders, however, sold 21,520 shares worth about $8.0 million over the past three months.

VIRGINIA RETIREMENT SYSTEMS ET Al cut its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 4.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 492,286 shares of the credit-card processor's stock after selling 20,632 shares during the period. Visa accounts for approximately 1.1% of VIRGINIA RETIREMENT SYSTEMS ET Al's holdings, making the stock its 11th biggest holding. VIRGINIA RETIREMENT SYSTEMS ET Al's holdings in Visa were worth $176,893,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Parcion Private Wealth LLC grew its holdings in Visa by 5.7% during the 3rd quarter. Parcion Private Wealth LLC now owns 4,908 shares of the credit-card processor's stock worth $1,764,000 after acquiring an additional 264 shares during the period. Partners Wealth Management LLC grew its stake in shares of Visa by 823.2% during the third quarter. Partners Wealth Management LLC now owns 6,841 shares of the credit-card processor's stock worth $2,458,000 after purchasing an additional 6,100 shares during the period. Founders Financial Securities LLC grew its stake in shares of Visa by 2.9% during the third quarter. Founders Financial Securities LLC now owns 15,626 shares of the credit-card processor's stock worth $5,615,000 after purchasing an additional 436 shares during the period. Everett Harris & Co. CA increased its holdings in Visa by 0.7% in the third quarter. Everett Harris & Co. CA now owns 13,673 shares of the credit-card processor's stock valued at $4,913,000 after purchasing an additional 99 shares during the last quarter. Finally, Brooklands Fund Management Ltd bought a new stake in Visa in the third quarter valued at about $5,291,000. Institutional investors own 82.15% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on V shares. Loop Capital increased their target price on Visa from $387.00 to $404.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Erste Group Bank upgraded Visa from a "hold" rating to a "buy" rating in a research report on Monday, July 27th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Visa in a research note on Wednesday. Robert W. Baird increased their price target on shares of Visa from $420.00 to $430.00 and gave the company an "outperform" rating in a research report on Monday, October 12th. Finally, TD Cowen reissued a "buy" rating and set a $450.00 price objective (up from $420.00) on shares of Visa in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating and thirty-five have issued a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $438.41.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 5,875 shares of the firm's stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $358.81, for a total transaction of $2,108,008.75. Following the sale, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $5,444,582.94. This trade represents a 27.91% decrease in their position. 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, General Counsel Julie Rottenberg sold 1,867 shares of Visa stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $368.34, for a total transaction of $687,690.78. Following the completion of the transaction, the general counsel directly owned 18,404 shares in the company, valued at approximately $6,778,929.36. The trade was a 9.21% 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 21,520 shares of company stock valued at $7,960,757. 0.12% of the stock is owned by company insiders.

Visa News Summary

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Strong operating trends: Visa’s latest earnings discussion highlighted resilient U.S. spending, accelerating cross-border volumes, commercial and e-commerce growth, and expanding value-added services. More than 60% of e-commerce transactions are now tokenized, supporting network security and long-term volume growth. 5 insightful analyst questions from Visa’s Q3 earnings call
• Positive Sentiment: China and international expansion: Visa and Tencent signed an agreement covering cross-border payments, international money transfers and AI-powered commerce. Visa also received approval to prepare for a domestic bank-card clearing business in China, potentially expanding its addressable market. Tencent, Visa deepen payments push in China
• Positive Sentiment: Digital-assets opportunity: Visa’s annualized stablecoin settlement volume reportedly surpassed $25 billion, while stablecoin-linked card programs exceeded 225. The progress reinforces Visa’s role in emerging payment infrastructure. Visa Stablecoin Settlement Tops $25 Billion
• Positive Sentiment: Shareholder returns and analyst support: Visa raised its quarterly dividend 16.4% to $0.78 per share. KeyCorp maintained an “Overweight” rating with a $425 target and projects EPS of $16.93 in fiscal 2028 and $19.00 in fiscal 2029. Wells Fargo separately lifted its target to $463, while RBC, Oppenheimer, Barclays and JPMorgan also issued favorable commentary. Wells Fargo raises Visa price target
• Neutral Sentiment: Industry backdrop: Cross-border activity and consumer spending remain supportive, but rising technology expenses and inflation could pressure payment-industry margins. Financial transaction stocks amid cost and inflation pressure
• Negative Sentiment: Merchant litigation risk: Visa’s agreement to drop the “honor all cards” rule settles part of a merchant dispute but could create uncertainty around acceptance practices and pricing power. Will ditching the honor all cards rule matter?

Visa Stock Up 0.8%

Shares of Visa stock opened at $413.69 on Friday. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $417.00. The business has a 50-day moving average of $381.31 and a two-hundred day moving average of $342.25. The company has a market capitalization of $738.20 billion, a P/E ratio of 33.55, a price-to-earnings-growth ratio of 1.93 and a beta of 0.77. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.97 and a quick ratio of 0.99.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 EPS for the quarter, topping analysts' consensus estimates of $3.44 by $0.04. Visa had a return on equity of 70.50% and a net margin of 51.20%. The company had revenue of $12.14 billion for the quarter, compared to analyst estimates of $12.09 billion. During the same quarter last year, the firm posted $2.98 earnings per share. Visa's revenue was up 13.2% compared to the same quarter last year. As a group, equities analysts predict that Visa Inc. will post 15.03 EPS for the current year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 10th will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 10th. This is a positive change from Visa's previous quarterly dividend of $0.67. Visa's dividend payout ratio (DPR) is currently 21.74%.

Visa Company 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.

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