Burns J W & Co. Inc. NY lessened its position in shares of Visa Inc. (NYSE:V – Free Report) by 2.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 104,138 shares of the credit-card processor’s stock after selling 2,981 shares during the period. Visa accounts for 3.6% of Burns J W & Co. Inc. NY’s holdings, making the stock its 4th biggest holding. Burns J W & Co. Inc. NY’s holdings in Visa were worth $31,475,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Clayton Financial Group LLC boosted its position in shares of Visa by 446.2% during the 4th quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock valued at $25,000 after purchasing an additional 58 shares in the last quarter. Parvin Asset Management LLC grew its stake in Visa by 200.0% during 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 period. PayPay Securities Corp increased its holdings in Visa by 102.7% in the fourth 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 in the fourth quarter worth approximately $26,000. Finally, Dorato Capital Management bought a new stake in Visa in the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 82.15% of the company’s stock.
Analyst Ratings Changes
A number of research firms have issued reports on V. Sanford C. Bernstein restated an “outperform” rating and set a $450.00 price target on shares of Visa in a report on Tuesday, June 2nd. Morgan Stanley reaffirmed an “overweight” rating and set a $415.00 price objective on shares of Visa in a research report on Wednesday, April 29th. Loop Capital assumed coverage on shares of Visa in a research note on Tuesday, March 31st. They issued a “buy” rating and a $387.00 price objective for the company. Oppenheimer reiterated an “outperform” rating and set a $403.00 target price (up from $391.00) on shares of Visa in a research report on Wednesday, April 29th. Finally, UBS Group increased their target price on shares of Visa from $390.00 to $410.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Six equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Visa presently has an average rating of “Buy” and a consensus target price of $387.78.
Trending Headlines about Visa
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Visa launched Visa Destinations, a travel-planning platform now live in major global cities, which could open a new consumer-facing growth channel and strengthen Visa’s brand in the travel economy. Visa Redefines Its Role in Travel With the Global Launch of Visa Destinations
- Positive Sentiment: Visa expanded Visa Cloud Connect with Thredd in Asia-Pacific, supporting faster card issuing for fintechs and digital banks and underscoring growing demand for Visa’s network infrastructure. Thredd Brings Visa Cloud Connect Live in Asia Pacific to Support Faster, More Reliable Issuing Across the Region
- Positive Sentiment: Visa announced a multi-year partnership with Evo to power a global gaming community through early 2028, adding another high-visibility use case for cross-border commerce and fan engagement. Evo and Visa Announce Multi-Year Partnership to Power a Global Game Community
- Neutral Sentiment: Analyst commentary continued to highlight Visa as a long-term favorite, but this is more supportive of the valuation backdrop than a direct near-term catalyst. Why Visa (V) is a Top Stock for the Long-Term
Insider Buying and Selling
In related news, CFO Chris Suh sold 10,639 shares of the 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 transaction, the chief financial officer directly owned 9,872 shares in the company, valued at $3,206,524.32. This trade represents a 51.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 31,455 shares of the stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total value of $10,699,103.70. Following the completion of the transaction, the chief executive officer owned 15,174 shares in the company, valued at approximately $5,161,284.36. This represents a 67.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.12% of the stock is owned by corporate insiders.
Visa Stock Performance
Shares of Visa stock opened at $330.42 on Friday. The business has a 50-day simple moving average of $322.94 and a 200 day simple moving average of $324.21. Visa Inc. has a one year low of $293.89 and a one year high of $359.66. 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 firm has a market capitalization of $592.70 billion, a price-to-earnings ratio of 28.78, a PEG ratio of 1.77 and a beta of 0.77.
Visa (NYSE:V – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.21. Visa had a return on equity of 65.00% and a net margin of 51.68%.The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.75 billion. During the same quarter in the prior year, the company earned $2.76 earnings per share. The company’s quarterly revenue was up 17.1% on a year-over-year basis. On average, research analysts anticipate that Visa Inc. will post 13.09 earnings per share for the current fiscal year.
Visa Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were given 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 is presently 23.34%.
Visa declared that its Board of Directors has initiated a share repurchase plan on Tuesday, April 28th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the credit-card processor to repurchase up to 3.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
Visa 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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