Robbins Farley decreased its stake in Visa Inc. (NYSE:V – Free Report) by 11.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 16,232 shares of the credit-card processor’s stock after selling 2,045 shares during the period. Visa accounts for 2.1% of Robbins Farley’s portfolio, making the stock its 16th biggest position. Robbins Farley’s holdings in Visa were worth $5,833,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Concorde Asset Management LLC boosted its stake in Visa by 4.0% in the second quarter. Concorde Asset Management LLC now owns 728 shares of the credit-card processor’s stock valued at $250,000 after acquiring an additional 28 shares in the last quarter. G&S Capital LLC grew its holdings in shares of Visa by 4.0% during the second 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 during the last quarter. Keating Financial Advisory Services Inc. increased its position in shares of Visa by 0.9% during the second quarter. Keating Financial Advisory Services Inc. now owns 3,189 shares of the credit-card processor’s stock worth $1,094,000 after purchasing an additional 29 shares in the last quarter. Riverview Capital Advisers LLC increased its position in shares of Visa by 0.3% during the second 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 in the last quarter. Finally, NerdWallet Wealth Partners LLC increased its position in shares of Visa by 4.5% during the second 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 in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, insider Tullier Mahon sold 57,272 shares of the stock in a transaction dated 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 completion of the sale, the insider owned 49,662 shares in the company, valued at approximately $18,125,140.14. This represents a 53.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 5,875 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $358.81, for a total value of $2,108,008.75. Following the transaction, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $5,444,582.94. This represents a 27.91% 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 sold 78,792 shares of company stock valued at $28,863,319. Insiders own 0.12% of the company’s stock.
Trending Headlines about Visa
Here are the key news stories impacting Visa this week:
- Positive Sentiment: AI-driven business payments: Visa launched a live pilot with BILL Holdings and Billtrust that allows authenticated AI agents to initiate and complete approved invoice payments through supplier portals. The initiative could help Visa capture more high-value business-to-business transactions while reducing reliance on checks and legacy payment processes. Visa Launches Agentic Payments Pilot With BILL and Billtrust
- Positive Sentiment: Fraud prevention and commercial-card tools: New capabilities for virtual commercial cards are designed to improve transaction security, authentication and corporate payment controls. These products may support growth in Visa’s commercial payments and value-added services businesses. Visa Debuts Tools to Keep Fraud Out of Virtual Commercial Card Payments
- Positive Sentiment: Crypto and stablecoin reach: Visa’s partnership with Mesh is intended to let users spend eligible cryptocurrency and stablecoin balances at more than 175 million Visa-accepting locations without first using a separate crypto card. Although rollout details remain limited, the arrangement could increase payment volume and reinforce Visa’s role as digital assets enter mainstream commerce. Visa Starts AI Agent Pilot for Business Payments
- Neutral Sentiment: Earnings and valuation are key near-term tests: Analysts expect continued earnings growth following Visa’s latest revenue and EPS beat, while investors will look for guidance and a potential dividend increase in the October 27 report. However, the stock’s premium valuation—around 35 times earnings—leaves less room for disappointment. Visa Reports Next Week: Wall Street Expects Earnings Growth
- Negative Sentiment: Fee and regulatory pressure: Canadian merchants are urging card networks to reduce interchange fees, and Visa is changing certain Canadian fees. Broader merchant resistance, antitrust scrutiny and potential U.S. credit-card competition legislation remain risks to Visa’s pricing power and future valuation multiples. Visa Changes Fees in Canada
Visa Stock Up 0.4%
Shares of NYSE:V opened at $408.02 on Thursday. The stock has a market cap of $728.09 billion, a P/E ratio of 34.70, a P/E/G ratio of 1.91 and a beta of 0.77. The firm has a fifty day moving average price of $375.43 and a 200 day moving average price of $348.85. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.99. Visa Inc. has a 1-year low of $293.89 and a 1-year high of $409.53.
Visa (NYSE:V – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.09. The company had revenue of $11.63 billion for the quarter, compared to the consensus estimate of $11.40 billion. Visa had a net margin of 50.78% and a return on equity of 67.68%. Visa’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the firm posted $2.98 EPS. Sell-side analysts predict that Visa Inc. will post 13.22 EPS for the current year.
Visa Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 11th. Visa’s dividend payout ratio is presently 22.79%.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on V shares. DZ Bank reissued a “buy” rating on shares of Visa in a research report on Monday, August 3rd. TD Cowen restated a “buy” rating and set a $420.00 price target (up from $416.00) on shares of Visa in a research note on Wednesday, July 29th. Weiss Ratings raised Visa from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, October 13th. Robert W. Baird lifted their price target on Visa from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Monday, October 12th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $430.00 price objective on shares of Visa in a research note on Wednesday, July 29th. Three analysts have rated the stock with a Strong Buy rating and thirty-four have issued a Buy rating to the company. According to data from MarketBeat.com, Visa currently has a consensus rating of “Buy” and an average target price of $426.12.
Read Our Latest Analysis on Visa
Visa Profile
Visa Inc (NYSE: V) is a global payments technology company that facilitates electronic payments between consumers, businesses, financial institutions and governments. Through its VisaNet network, the company authorizes, clears and settles transactions made with Visa-branded credit, debit and prepaid cards, while generally not issuing cards, extending credit or setting cardholder account terms.
Visa provides payment products and services for consumer, commercial and government payments, as well as digital commerce and money movement.
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