Gabelli Funds LLC boosted its position in Visa Inc. (NYSE:V – Free Report) by 3.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 197,350 shares of the credit-card processor’s stock after purchasing an additional 6,000 shares during the quarter. Gabelli Funds LLC’s holdings in Visa were worth $59,647,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of V. Clayton Financial Group LLC raised its position in shares of Visa by 446.2% in the fourth 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 in the last quarter. PayPay Securities Corp grew its position in Visa by 102.7% during the fourth quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock worth $26,000 after buying an additional 38 shares in the last quarter. Cresta Advisors Ltd. bought a new position in Visa in the 4th quarter worth about $26,000. Parvin Asset Management LLC increased its stake in 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 acquiring an additional 50 shares during the last quarter. Finally, Dorato Capital Management purchased a new stake in shares of Visa in the 4th quarter valued at about $30,000. 82.15% of the stock is owned by institutional investors.
More Visa News
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.
Insider Transactions at Visa
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on V. Robert W. Baird set a $412.00 price target on Visa and gave the company an “outperform” rating in a research report on Monday, July 6th. Weiss Ratings raised shares of Visa from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 6th. BNP Paribas Exane upgraded shares of Visa to a “strong-buy” rating in a research report on Tuesday. Sanford C. Bernstein reissued an “outperform” rating and issued a $450.00 price target on shares of Visa in a research note on Tuesday, June 2nd. Finally, Morgan Stanley restated an “overweight” rating and set a $415.00 price objective on shares of Visa in a research report on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Visa presently has a consensus rating of “Buy” and a consensus price target of $399.41.
Read Our Latest Research Report on Visa
Visa Stock Performance
Shares of V stock opened at $355.29 on Friday. The company has a market capitalization of $637.31 billion, a P/E ratio of 30.95, a PEG ratio of 1.87 and a beta of 0.75. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $365.14. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50 day moving average price of $337.58 and a two-hundred day moving average price of $325.34.
Visa (NYSE:V – Get Free Report) last issued its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, topping the consensus estimate of $3.10 by $0.21. The company had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.75 billion. Visa had a net margin of 51.68% and a return on equity of 65.00%. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.76 earnings per share. Analysts expect that Visa Inc. will post 13.13 earnings per share for the current year.
Visa announced that its Board of Directors has approved a share repurchase program on Tuesday, April 28th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the credit-card processor to buy up to 3.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
Visa Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 12th. Visa’s dividend payout ratio is 23.34%.
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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