Visa Inc. (NYSE:V – Get Free Report) was up 3% on Monday . The company traded as high as $383.43 and last traded at $382.35. 8,421,077 shares traded hands during trading, an increase of 7% from the average session volume of 7,906,784 shares. The stock had previously closed at $371.04.
Visa News Roundup
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Visa and Mastercard recently reached record highs as aggregate U.S. spending remained resilient, despite consumers becoming more selective and retailers issuing cautious outlooks. Healthy transaction volumes support Visa’s payment-processing revenue. Visa and Mastercard shares hit fresh records, underscoring a resilient U.S. consumer
- Positive Sentiment: Visa partnered with Bluefin on a card-present acceptance offering that combines Visa’s global network with Bluefin’s payment-security infrastructure. The service could strengthen Visa’s enterprise and merchant relationships. Visa and Bluefin Introduce Card-Present Acceptance Offering
- Positive Sentiment: Visa joined Singapore’s BLOOM initiative, which is designed to connect traditional payment systems with stablecoin-based settlement rails. The move may create longer-term opportunities as stablecoins expand into consumer and cross-border payments. Visa Joins MAS-Led BLOOM Initiative to Connect Traditional Payments and Stablecoin Networks
- Positive Sentiment: Visa expanded its relationship with payabl. to provide Rapid Dispute Resolution tools to merchants in the UK and EU. Automating dispute resolution can reduce chargebacks and improve merchant retention while reinforcing Visa’s risk-management services. payabl. Teams Up with Visa to Help Merchants Quickly Resolve Disputes and Prevent Costly Chargebacks
- Neutral Sentiment: CEO Ryan McInerney is scheduled to present at the Goldman Sachs Communacopia + Technology Conference on September 8, potentially offering updates on spending, stablecoins and regulation. Visa to Participate in Upcoming Investor Conference
- Negative Sentiment: McInerney sold 5,875 shares worth approximately $2.16 million, reducing his direct ownership by 27.9%. The transaction was made under a pre-arranged Rule 10b5-1 plan, which limits its significance but remains a modest insider-selling signal.
Analyst Ratings Changes
Several analysts have issued reports on the company. Piper Sandler reaffirmed an “overweight” rating and issued a $430.00 target price (up from $394.00) on shares of Visa in a research note on Wednesday, July 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $412.00 price target (up from $395.00) on shares of Visa in a research note on Wednesday, July 29th. Barclays initiated coverage on shares of Visa in a report on Tuesday, July 7th. They issued an “overweight” rating and a $420.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of Visa from $400.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $406.00 target price 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 stock. According to MarketBeat.com, Visa has an average rating of “Buy” and an average price target of $414.54.
Visa Trading Up 0.3%
The firm has a 50-day moving average of $355.90 and a 200-day moving average of $330.36. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $684.23 billion, a P/E ratio of 32.61, a price-to-earnings-growth ratio of 2.05 and a beta of 0.74.
Visa (NYSE:V – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.09. The business had revenue of $11.63 billion for the quarter, compared to analysts’ expectations of $11.40 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%.The business’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.98 EPS. On average, equities research analysts anticipate that Visa Inc. will post 13.16 EPS for the current fiscal year.
Visa Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 11th. Visa’s payout ratio is presently 22.79%.
Visa announced that its Board of Directors has authorized a stock buyback plan on Tuesday, April 28th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the credit-card processor to buy up to 3.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
Insider Buying and Selling at Visa
In other news, 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 transaction of $729,720.00. Following the completion of the transaction, 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. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Tullier Kelly Mahon sold 57,272 shares of the stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $364.97, for a total transaction of $20,902,561.84. Following the sale, the insider owned 49,662 shares of the company’s stock, valued at approximately $18,125,140.14. This represents a 53.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 96,634 shares of company stock worth $34,537,016. 0.12% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Visa
Several institutional investors and hedge funds have recently bought and sold shares of the business. G&S Capital LLC increased its position in Visa by 4.0% during the 2nd quarter. G&S Capital LLC now owns 761 shares of the credit-card processor’s stock worth $261,000 after purchasing an additional 29 shares in the last quarter. Keating Financial Advisory Services Inc. lifted its holdings in Visa by 0.9% in the 2nd quarter. Keating Financial Advisory Services Inc. now owns 3,189 shares of the credit-card processor’s stock valued at $1,094,000 after purchasing an additional 29 shares in the last quarter. Riverview Capital Advisers LLC boosted its stake in shares of Visa by 0.3% during the 2nd quarter. Riverview Capital Advisers LLC now owns 10,805 shares of the credit-card processor’s stock worth $3,707,000 after purchasing an additional 29 shares during the last quarter. NerdWallet Wealth Partners LLC boosted its stake in shares of Visa by 4.5% during the 2nd quarter. NerdWallet Wealth Partners LLC now owns 695 shares of the credit-card processor’s stock worth $239,000 after purchasing an additional 30 shares during the last quarter. Finally, Frederick Financial Consultants LLC grew its holdings in shares of Visa by 2.0% during the fourth quarter. Frederick Financial Consultants LLC now owns 1,598 shares of the credit-card processor’s stock worth $560,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 82.15% 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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