Sfm LLC decreased its position in Visa Inc. (NYSE:V – Free Report) by 23.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,509 shares of the credit-card processor’s stock after selling 1,712 shares during the quarter. Visa accounts for approximately 1.0% of Sfm LLC’s holdings, making the stock its 28th biggest holding. Sfm LLC’s holdings in Visa were worth $1,890,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the company. Clayton Financial Group LLC grew its stake in Visa by 446.2% during 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 during the last quarter. PayPay Securities Corp increased its holdings in shares of 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 shares of Visa in the fourth quarter valued at 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 valued at $26,000 after acquiring an additional 50 shares during the last quarter. Finally, RHL Group LLC acquired a new position in shares of Visa in the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 82.15% of the company’s stock.
Visa Stock Down 0.4%
Shares of NYSE V opened at $368.26 on Thursday. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $373.97. The firm’s 50-day moving average is $343.51 and its 200-day moving average is $326.50. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $660.58 billion, a PE ratio of 31.31, a price-to-earnings-growth ratio of 1.98 and a beta of 0.74.
Visa Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be given a dividend of $0.67 per share. The ex-dividend date is Tuesday, August 11th. This represents a $2.68 annualized dividend and a dividend yield of 0.7%. Visa’s payout ratio is presently 22.79%.
Visa declared that its board has initiated a stock buyback program on Tuesday, April 28th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the credit-card processor to purchase up to 3.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.
Wall Street Analyst Weigh In
V has been the topic of a number of research analyst reports. Barclays started coverage on Visa in a research report on Tuesday, July 7th. They set an “overweight” rating and a $420.00 price target on the stock. Wells Fargo & Company reissued an “overweight” rating and issued a $432.00 price objective (up from $412.00) on shares of Visa in a research note on Thursday, July 30th. Evercore set a $350.00 target price on Visa in a report on Wednesday, April 29th. BNP Paribas Exane upgraded Visa to a “strong-buy” rating in a research note on Tuesday, July 21st. Finally, Susquehanna reaffirmed a “positive” rating and issued a $427.00 price target (up from $410.00) on shares of Visa in a report on Wednesday, July 29th. Seven equities research analysts have rated the stock with a Strong Buy rating and twenty-four have given a Buy rating to the company. According to data from MarketBeat, Visa currently has a consensus rating of “Buy” and an average price target of $413.58.
Get Our Latest Stock Analysis on V
Visa News Roundup
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Stablecoin capabilities move into production: Visa is integrating stablecoin payouts and prefunding into Visa Direct through a partnership with Zero Hash. The infrastructure is designed to reach more than 18 billion eligible card, account and wallet endpoints across 195 countries and territories, strengthening Visa’s position as a settlement network for digital assets. Visa Puts Stablecoins Into Its Cross-Border Payout Rail
- Positive Sentiment: Western Union expands Visa-based stablecoin usage: Western Union launched Stablecard across 37 markets, allowing customers to hold, transfer and spend a U.S. dollar-backed stablecoin anywhere Visa is accepted. The rollout could increase transaction volume and reinforce Visa’s relevance in remittances and emerging markets. Western Union brings stablecoin remittances to Visa network
- Positive Sentiment: Fraud-prevention expansion: Visa agreed to acquire AI-powered fraud-intelligence company BioCatch for $2.4 billion in cash. The deal should broaden Visa’s cybersecurity products and help protect banks, merchants and consumers as scams increasingly use artificial intelligence. Visa Is Buying BioCatch To Take On AI Driven Payments Fraud
- Neutral Sentiment: Underlying business momentum remains solid: Visa’s latest reported quarter showed revenue of $11.63 billion, up 14.4% year over year, while adjusted earnings exceeded analyst expectations. Visa also reported increased spending in Canadian FIFA World Cup host cities, illustrating the benefit of major events to payment activity.
- Negative Sentiment: Large-scale layoffs raise restructuring concerns: Visa is reportedly eliminating approximately 2,600 jobs, including positions in California and among senior employees. The cuts may improve efficiency over time, but they can also signal cost pressure and generate restructuring expenses or disruption. Visa Cuts 2,600 Jobs
- Negative Sentiment: Investment and margin risks persist: Analysts continue to flag rising technology costs and consumer-spending pressures. Visa is also committing substantial capital to BioCatch and stablecoin infrastructure, increasing execution risk even as these initiatives target long-term growth.
Insider Buying and Selling
In related news, CFO Chris Suh sold 10,639 shares of Visa stock in a transaction on 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 completion of the sale, the chief financial officer directly owned 9,872 shares of the company’s stock, valued at $3,206,524.32. The trade was a 51.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the company’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total value of $729,720.00. Following the completion of the sale, the general counsel owned 18,404 shares of the company’s stock, valued at $6,625,440. This represents a 9.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 101,398 shares of company stock worth $35,831,433. Company insiders own 0.12% of the company’s stock.
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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