Waverly Advisors LLC Acquires 14,287 Shares of Visa Inc. $V

Key Points

• Waverly Advisors LLC increased its Visa stake by 10.9% in the first quarter, buying 14,287 additional shares and bringing its total holdings to 145,327 shares worth about $43.9 million.
• Visa posted strong quarterly results, with EPS of $3.31 and revenue of $11.23 billion, both ahead of analyst expectations. Revenue also rose 17.1% from a year earlier.
• The company boosted shareholder returns and confidence in its shares by paying a $0.67 quarterly dividend and authorizing a $20 billion stock buyback program. Analysts remain broadly bullish, with a consensus Buy rating and a price target around $399.

Waverly Advisors LLC grew its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 10.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,327 shares of the credit-card processor's stock after buying an additional 14,287 shares during the quarter. Waverly Advisors LLC's holdings in Visa were worth $43,923,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Clayton Financial Group LLC lifted its position in Visa by 446.2% in the 4th quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor's stock valued at $25,000 after acquiring an additional 58 shares in the last quarter. PayPay Securities Corp increased its holdings in Visa by 102.7% during the 4th quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor's stock worth $26,000 after purchasing an additional 38 shares in the last quarter. Cresta Advisors Ltd. bought a new stake in Visa during the 4th quarter worth approximately $26,000. Parvin Asset Management LLC raised its stake in shares of Visa by 200.0% in the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor's stock worth $26,000 after purchasing an additional 50 shares during the last quarter. Finally, Dorato Capital Management purchased a new stake in shares of Visa in the fourth quarter worth approximately $30,000. 82.15% of the stock is owned by institutional investors.

Visa Price Performance

Visa stock opened at $355.29 on Friday. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $365.14. The company's 50 day moving average price is $337.58 and its two-hundred day moving average price is $325.34. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.64. The stock has a market cap of $637.31 billion, a P/E ratio of 30.95, a P/E/G ratio of 1.89 and a beta of 0.75.

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 (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.21. The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.75 billion. Visa had a return on equity of 65.00% and a net margin of 51.68%.Visa's quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.76 earnings per share. On average, equities analysts predict that Visa Inc. will post 13.12 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were given a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $2.68 annualized dividend and a yield of 0.8%. Visa's payout ratio is currently 23.34%.

Visa announced that its Board of Directors has approved a stock repurchase program on Tuesday, April 28th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the credit-card processor to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

V has been the topic of several analyst reports. Citigroup cut their target price on Visa from $450.00 to $400.00 and set a "buy" rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings raised Visa from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, July 6th. Truist Financial raised their price objective on Visa from $371.00 to $394.00 and gave the company a "buy" rating in a research note on Friday. BMO Capital Markets reaffirmed an "outperform" rating and set a $387.00 price objective (up from $375.00) on shares of Visa in a report on Wednesday, July 15th. Finally, Piper Sandler started coverage on shares of Visa in a research note on Monday, June 29th. They issued an "overweight" rating and a $394.00 target price for the company. Eight equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $399.41.

Insider Buying and Selling at Visa

In other Visa news, CFO Chris Suh sold 10,639 shares of the company's stock in a transaction on 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 transaction, the chief financial officer owned 9,872 shares in the company, valued at $3,206,524.32. This represents a 51.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm's stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total value of $729,720.00. Following the sale, the general counsel directly owned 18,404 shares of the company's stock, valued at approximately $6,625,440. This represents a 9.92% decrease in their ownership of the stock. 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. Insiders sold 75,581 shares of company stock worth $25,627,975 in the last quarter. 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: Truist Financial raised its price target on Visa to $394 from $371 and reiterated a buy rating, signaling more upside as analysts remain constructive on the stock.
• Positive Sentiment: BNP Paribas Exane upgraded Visa, adding to the bullish analyst momentum around the company’s earnings outlook and business fundamentals.
• Positive Sentiment: Several reports suggest Visa could deliver another “business as usual” earnings beat next week, supported by resilient consumer credit demand, strong payment volumes, and ongoing digital payments growth.
• Positive Sentiment: Visa also continues to announce new partnerships, including embedded-finance and agentic-commerce initiatives with Airwallex and Lianlian, which highlight continued expansion opportunities in business-to-business and next-generation payments.
• Neutral Sentiment: Market commentary comparing Visa and Mastercard favorably to American Express after AMEX’s post-earnings selloff may be helping keep Visa steady, but it is more of an industry read-through than a company-specific catalyst.
• Neutral Sentiment: Visa is also drawing attention as a “wide-moat” stock, reflecting its durable competitive position, though that is mainly a long-term quality argument rather than a fresh near-term driver.

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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