Explore Capital Management LLC acquired a new stake in shares of Visa Inc. (NYSE:V – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 23,000 shares of the credit-card processor’s stock, valued at approximately $8,066,000. Visa comprises about 6.7% of Explore Capital Management LLC’s portfolio, making the stock its 7th biggest holding.
Other large investors have also recently added to or reduced their stakes in the company. Clayton Financial Group LLC lifted its position in shares of Visa by 446.2% in the 4th quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock worth $25,000 after buying an additional 58 shares during the last quarter. PayPay Securities Corp lifted its position in shares of Visa by 102.7% in the 4th quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock worth $26,000 after buying an additional 38 shares during the last quarter. Cresta Advisors Ltd. bought a new position in shares of Visa in the 4th quarter worth about $26,000. Parvin Asset Management LLC lifted its position 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 worth $26,000 after buying an additional 50 shares during the last quarter. Finally, Dorato Capital Management bought a new position in shares of Visa in the 4th quarter worth about $30,000. 82.15% of the stock is currently owned by institutional investors.
Insider Activity
In other Visa news, CEO Ryan Mcinerney sold 31,455 shares of the business’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $340.14, for a total transaction of $10,699,103.70. Following the sale, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $5,161,284.36. The trade was a 67.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chris Suh sold 10,639 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the sale, the chief financial officer owned 9,872 shares in the company, valued at $3,206,524.32. This trade represents a 51.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 42,744 shares of company stock valued at $14,356,010. Company insiders own 0.12% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Stock Analysis on Visa
More Visa News
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Visa announced a collaboration with Brale to explore stablecoin-based settlement on the Canton Network, reinforcing its push into blockchain-enabled payments and suggesting the company wants to own the next phase of payment infrastructure rather than be disrupted by it. Article Title
- Positive Sentiment: Multiple reports highlighted Visa’s stablecoin strategy as a potential growth catalyst, with investors interpreting the Brale/Canton proof-of-concept and related coverage as evidence that Visa is expanding into faster, private institutional settlement. Article Title
- Positive Sentiment: Visa also announced leadership appointments in Asia Pacific aimed at scaling value-added services and accelerating Southeast Asia growth, supporting the longer-term revenue opportunity outside core card processing. Article Title
- Neutral Sentiment: Coverage on “pay-by-bank” noted that bank-to-bank payments are gaining some attention, but adoption and consumer trust remain limited, so the competitive threat to Visa appears more theoretical than immediate. Article Title
- Neutral Sentiment: Several stories about gold-backed Visa cards and Cuba-related sanctions were mostly brand or geopolitics headlines, with limited direct impact on Visa’s core earnings outlook. Article Title
- Negative Sentiment: The main bearish theme was the possibility that alternative payment rails and stablecoin platforms could pressure card networks over time, though recent reports suggest Visa may be participating in those solutions rather than losing share to them. Article Title
Visa Stock Up 2.5%
Shares of Visa stock opened at $320.06 on Friday. The business’s fifty day moving average price is $316.15 and its two-hundred day moving average price is $324.50. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $574.12 billion, a P/E ratio of 27.88, a PEG ratio of 1.67 and a beta of 0.77. Visa Inc. has a 1-year low of $293.89 and a 1-year high of $375.51.
Visa (NYSE:V – Get Free Report) last announced its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.21. The firm had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.75 billion. Visa had a return on equity of 65.00% and a net margin of 51.68%.The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.76 EPS. As a group, research analysts forecast that Visa Inc. will post 13.09 EPS for the current year.
Visa announced that its board has approved a share repurchase program on Tuesday, April 28th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the credit-card processor to repurchase up to 3.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.
Visa Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 12th. Visa’s dividend payout ratio (DPR) is 23.34%.
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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