Ironvine Capital Partners LLC lifted its position in shares of Visa Inc. (NYSE:V – Free Report) by 12.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 166,436 shares of the credit-card processor’s stock after purchasing an additional 18,836 shares during the period. Visa comprises 5.0% of Ironvine Capital Partners LLC’s investment portfolio, making the stock its 4th largest holding. Ironvine Capital Partners LLC’s holdings in Visa were worth $57,103,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. Cresta Advisors Ltd. bought a new stake in Visa during the 4th quarter worth approximately $26,000. Parvin Asset Management LLC raised its stake in shares of Visa by 200.0% during 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. Philadelphia Investment Partners LLC acquired a new position in shares of Visa during the second quarter worth $29,000. Virtus Advisers LLC acquired a new position in shares of Visa during the second quarter worth $33,000. Finally, RHL Group LLC bought a new stake in shares of Visa in the fourth quarter worth $34,000. Institutional investors own 82.15% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the company. Sanford C. Bernstein restated an “outperform” rating and issued a $450.00 price objective on shares of Visa in a report on Tuesday, June 2nd. Cantor Fitzgerald set a $445.00 target price on Visa and gave the stock an “overweight” rating in a report on Monday, August 3rd. Clear Str upgraded Visa to a “strong-buy” rating in a research report on Thursday, July 16th. Royal Bank Of Canada reissued an “outperform” rating and issued a $466.00 price target (up from $412.00) on shares of Visa in a research note on Monday. Finally, BMO Capital Markets lifted their price objective on Visa from $387.00 to $405.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Seven equities research analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $416.62.
Key Visa News
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Visa launched an enhanced version of A2A Protect, adding real-time risk insights and a unified fraud score powered partly by Featurespace technology. The tool is designed to help banks stop account-to-account fraud before funds leave customer accounts while reducing false alerts, potentially strengthening Visa’s fraud-prevention offerings and relationships with financial institutions. Visa Launches Enhanced A2A Protect Innovations
- Positive Sentiment: Visa and Mastercard reportedly processed their first global payments in Syria, indicating a potential expansion of payment-network activity into a previously limited market. The immediate financial impact is unclear, but broader geographic reach could provide a modest long-term growth opportunity. Visa, Mastercard process first global payments in Syria
- Neutral Sentiment: Visa General Counsel Julie B. Rottenberg sold 2,028 shares worth approximately $773,000 under a pre-arranged Rule 10b5-1 trading plan. Because the sale was scheduled in advance and she retained 18,404 shares, it is a limited signal about management’s view of the stock. Julie B. Rottenberg insider transaction
- Negative Sentiment: Visa has provided approximately 6 million documents to the U.S. Department of Justice in the ongoing debit-card lawsuit. The discovery period has been extended into 2027, with trial currently expected in 2028, prolonging uncertainty around potential regulatory remedies, litigation costs and Visa’s debit-card practices. Visa delivers 6M documents to DOJ
Visa Price Performance
V stock opened at $372.40 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. The firm has a market cap of $664.52 billion, a price-to-earnings ratio of 31.67, a PEG ratio of 2.03 and a beta of 0.74. The company’s fifty day simple moving average is $360.97 and its 200 day simple moving average is $332.13. Visa Inc. has a 12-month low of $293.89 and a 12-month high of $385.57.
Visa (NYSE:V – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.09. Visa had a return on equity of 67.68% and a net margin of 50.78%.The firm had revenue of $11.63 billion during the quarter, compared to the consensus estimate of $11.40 billion. During the same period last year, the business posted $2.98 EPS. The business’s revenue was up 14.4% compared to the same quarter last year. On average, analysts expect that Visa Inc. will post 13.16 earnings per share for the current year.
Visa Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, August 11th. Visa’s payout ratio is presently 22.79%.
Insider Buying and Selling at Visa
In other Visa news, insider Tullier Kelly Mahon sold 57,272 shares of the stock in a transaction that occurred on 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 transaction, the insider directly owned 49,662 shares in the company, valued at approximately $18,125,140.14. This represents a 53.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 20,970 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $340.25, for a total transaction of $7,135,042.50. Following the sale, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at approximately $5,162,953.50. This trade represents a 58.02% 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. Over the last three months, insiders have sold 98,662 shares of company stock valued at $35,310,393. 0.12% of the stock is currently owned by company insiders.
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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