Profund Advisors LLC increased its stake in shares of Visa Inc. (NYSE:V – Free Report) by 11.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,548 shares of the credit-card processor’s stock after buying an additional 2,149 shares during the period. Profund Advisors LLC’s holdings in Visa were worth $7,384,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Vise Technologies Inc. raised its holdings in shares of Visa by 15.3% in the third quarter. Vise Technologies Inc. now owns 137,962 shares of the credit-card processor’s stock valued at $49,574,000 after purchasing an additional 18,269 shares during the last quarter. Investment Partners LTD. increased its position in shares of Visa by 59.2% during the third quarter. Investment Partners LTD. now owns 4,944 shares of the credit-card processor’s stock valued at $1,776,000 after acquiring an additional 1,839 shares in the last quarter. Summit Global Investments grew its stake in shares of Visa by 90.6% during the 3rd quarter. Summit Global Investments now owns 9,612 shares of the credit-card processor’s stock valued at $3,454,000 after purchasing an additional 4,570 shares during the period. Marin Bay Wealth Advisors LLC increased its stake in Visa by 1.0% in the 3rd quarter. Marin Bay Wealth Advisors LLC now owns 7,385 shares of the credit-card processor’s stock worth $2,654,000 after buying an additional 75 shares in the last quarter. Finally, Americana Partners LLC lifted its position in Visa by 12.0% during the third quarter. Americana Partners LLC now owns 99,673 shares of the credit-card processor’s stock valued at $35,815,000 after purchasing an additional 10,684 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, General Counsel Julie B. Rottenberg sold 1,867 shares of Visa stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $368.34, for a total transaction of $687,690.78. Following the completion of the transaction, the general counsel directly owned 18,404 shares of the company’s stock, valued at approximately $6,778,929.36. The trade was a 9.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 5,875 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $358.81, for a total value of $2,108,008.75. Following the completion of the sale, the chief executive officer owned 15,174 shares of the company’s stock, valued at approximately $5,444,582.94. This trade represents a 27.91% 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. Over the last quarter, insiders sold 21,520 shares of company stock worth $7,960,757. Corporate insiders own 0.12% of the company’s stock.
Visa Trading Up 0.8%
NYSE V opened at $413.69 on Friday. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $417.00. The stock has a market capitalization of $738.20 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 1.94 and a beta of 0.77. The stock’s 50 day moving average price is $381.31 and its two-hundred day moving average price is $342.25. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.97.
Visa (NYSE:V – Get Free Report) last released its earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.04. The firm had revenue of $12.14 billion during the quarter, compared to analysts’ expectations of $12.09 billion. Visa had a return on equity of 70.50% and a net margin of 51.20%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.98 earnings per share. As a group, analysts anticipate that Visa Inc. will post 15.03 earnings per share for the current fiscal year.
Visa Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 10th will be paid a $0.78 dividend. This is a boost from Visa’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.8%. Visa’s dividend payout ratio is presently 21.74%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the company. President Capital raised their price objective on Visa from $411.00 to $474.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. Clear Str upgraded shares of Visa to a “strong-buy” rating in a report on Thursday, July 16th. Rothschild & Co Redburn increased their price objective on Visa from $430.00 to $444.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Bank of America boosted their price objective on shares of Visa from $410.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, Keefe, Bruyette & Woods raised their price objective on Visa from $400.00 to $430.00 in a report on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating and thirty-five have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $438.41.
View Our Latest Stock Report on Visa
More Visa News
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Strong operating trends: Visa’s latest earnings discussion highlighted resilient U.S. spending, accelerating cross-border volumes, commercial and e-commerce growth, and expanding value-added services. More than 60% of e-commerce transactions are now tokenized, supporting network security and long-term volume growth. 5 insightful analyst questions from Visa’s Q3 earnings call
- Positive Sentiment: China and international expansion: Visa and Tencent signed an agreement covering cross-border payments, international money transfers and AI-powered commerce. Visa also received approval to prepare for a domestic bank-card clearing business in China, potentially expanding its addressable market. Tencent, Visa deepen payments push in China
- Positive Sentiment: Digital-assets opportunity: Visa’s annualized stablecoin settlement volume reportedly surpassed $25 billion, while stablecoin-linked card programs exceeded 225. The progress reinforces Visa’s role in emerging payment infrastructure. Visa Stablecoin Settlement Tops $25 Billion
- Positive Sentiment: Shareholder returns and analyst support: Visa raised its quarterly dividend 16.4% to $0.78 per share. KeyCorp maintained an “Overweight” rating with a $425 target and projects EPS of $16.93 in fiscal 2028 and $19.00 in fiscal 2029. Wells Fargo separately lifted its target to $463, while RBC, Oppenheimer, Barclays and JPMorgan also issued favorable commentary. Wells Fargo raises Visa price target
- Neutral Sentiment: Industry backdrop: Cross-border activity and consumer spending remain supportive, but rising technology expenses and inflation could pressure payment-industry margins. Financial transaction stocks amid cost and inflation pressure
- Negative Sentiment: Merchant litigation risk: Visa’s agreement to drop the “honor all cards” rule settles part of a merchant dispute but could create uncertainty around acceptance practices and pricing power. Will ditching the honor all cards rule matter?
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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