Smith Chas P & Associates PA Cpas trimmed its position in shares of Visa Inc. (NYSE:V – Free Report) by 0.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 153,292 shares of the credit-card processor’s stock after selling 1,431 shares during the period. Visa makes up about 2.6% of Smith Chas P & Associates PA Cpas’ holdings, making the stock its 13th biggest holding. Smith Chas P & Associates PA Cpas’ holdings in Visa were worth $52,593,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Parvin Asset Management LLC grew its position in 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 period. Philadelphia Investment Partners LLC acquired a new stake in Visa during the second quarter worth about $29,000. Virtus Advisers LLC purchased a new position in shares of Visa in the 2nd quarter worth about $33,000. RHL Group LLC purchased a new position in shares of Visa in the 4th quarter worth about $34,000. Finally, Timmons Wealth Management LLC acquired a new position in shares of Visa in the 4th quarter valued at about $34,000. 82.15% of the stock is owned by hedge funds and other institutional investors.
Trending Headlines about Visa
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Blockchain lending opportunity: Visa plans to combine VisaNet settlement data with onchain lending infrastructure, enabling stablecoin-linked card programs and fintechs to obtain working capital more efficiently. Visa reportedly supports more than 160 stablecoin-linked card programs, expanding the potential market for settlement financing and related data services. Visa offers data to back onchain lending
- Positive Sentiment: Stablecoin card adoption: MoneyGram launched a virtual stablecoin-backed Visa card in Colombia, allowing customers to spend dollar-linked balances at Visa merchants and access local cash. A planned physical card and additional markets could provide incremental payment volume for Visa. MoneyGram launches Visa stablecoin card
- Positive Sentiment: Positioning for AI-agent commerce: Visa, Mastercard and Ant International are developing a “Know Your Agent” framework to standardize the identification and onboarding of AI agents making purchases. Common verification standards could reduce friction and help Visa capture transaction volume from autonomous commerce. Payment firms team up on AI agent trust framework
- Neutral Sentiment: Growth versus valuation: Visa’s latest quarterly results showed revenue growth of 14.4% and earnings above analyst expectations, supporting the company’s strong fundamental profile. However, the stock trades at a premium earnings multiple, leaving investors focused on whether future growth and margins can justify the valuation. Is Visa stock expensive or waiting on its margin?
- Negative Sentiment: Execution and sentiment risks: Consumer trust remains a hurdle for AI-powered payments, while competing identity standards could complicate merchant adoption. General Counsel Julie Rottenberg also sold shares through a pre-arranged Rule 10b5-1 plan; the transaction is not necessarily bearish but adds a modest insider-selling headwind. Visa insider trading activity
Visa Stock Up 1.0%
Visa (NYSE:V – Get Free Report) last announced its earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 EPS for the quarter, beating the consensus estimate of $3.23 by $0.09. The business had revenue of $11.63 billion for the quarter, compared to the consensus estimate of $11.40 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%.The company’s revenue was up 14.4% on a year-over-year basis. During the same period last year, the business posted $2.98 EPS. As a group, equities research analysts forecast that Visa Inc. will post 13.16 earnings per share for the current fiscal year.
Visa Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were given a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $2.68 annualized dividend and a yield of 0.7%. Visa’s dividend payout ratio (DPR) is 22.79%.
Wall Street Analyst Weigh In
V has been the subject of a number of research reports. Raymond James Financial reiterated an “outperform” rating and set a $406.00 target price on shares of Visa in a report on Wednesday, July 29th. Royal Bank Of Canada restated an “outperform” rating and issued a $466.00 price target (up from $412.00) on shares of Visa in a report on Monday, August 31st. TD Cowen reaffirmed a “buy” rating on shares of Visa in a research report on Wednesday, July 29th. UBS Group reiterated a “buy” rating and set a $420.00 price objective (up from $410.00) on shares of Visa in a research note on Wednesday, July 29th. Finally, Truist Financial set a $406.00 price objective on shares of Visa and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Seven equities research analysts have rated the stock with a Strong Buy rating and twenty-four have assigned a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $416.62.
Insider Activity
In other news, insider Tullier Mahon sold 57,272 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were 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 of the company’s stock, valued at approximately $18,125,140.14. The trade was a 53.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Julie Rottenberg sold 1,867 shares of the business’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $368.34, for a total transaction of $687,690.78. Following the transaction, the general counsel directly owned 18,404 shares in the company, valued at approximately $6,778,929.36. The trade was a 9.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 106,404 shares of company stock worth $38,228,528 over the last 90 days. Company insiders own 0.12% of the company’s stock.
Visa Profile
Visa Inc is a global payments technology company that operates one of the world’s largest electronic payment networks. The company connects consumers, businesses, financial institutions and governments, enabling transactions through credit, debit, prepaid and commercial payment products. Visa generally does not issue cards, extend credit or set consumer interest rates; instead, it provides the network, technology and services that support payments.
Visa’s products and services include Visa-branded cards, digital payment solutions, tokenization, fraud prevention, risk management, data analytics and payment acceptance tools.
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