Mesirow Financial Investment Management Inc. Has $27.54 Million Holdings in Visa Inc. $V

Mesirow Financial Investment Management Inc. cut its holdings in Visa Inc. (NYSE:V) by 5.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 78,530 shares of the credit-card processor’s stock after selling 4,389 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Visa were worth $27,543,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC increased its holdings in Visa by 50.1% during the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock worth $6,522,000 after buying an additional 6,883 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock worth $3,733,000 after buying an additional 4,817 shares during the last quarter. Nicholas Hoffman & Company LLC. increased its holdings in Visa by 4.6% during the first quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor’s stock worth $3,834,000 after buying an additional 477 shares during the last quarter. Matrix Asset Advisors Inc. NY increased its holdings in Visa by 16.9% during the second quarter. Matrix Asset Advisors Inc. NY now owns 1,133 shares of the credit-card processor’s stock worth $402,000 after buying an additional 164 shares during the last quarter. Finally, Schnieders Capital Management LLC. increased its holdings in Visa by 13.8% during the second quarter. Schnieders Capital Management LLC. now owns 18,367 shares of the credit-card processor’s stock worth $6,521,000 after buying an additional 2,230 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 31,455 shares of the company’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $340.14, for a total value of $10,699,103.70. Following the transaction, the chief executive officer directly owned 15,174 shares in the company, valued at $5,161,284.36. The trade was a 67.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lloyd Carney sold 650 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total transaction of $201,253.00. Following the completion of the transaction, the director owned 2,679 shares in the company, valued at approximately $829,471.98. This represents a 19.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 42,744 shares of company stock worth $14,356,010 over the last ninety days. Insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Bank of America assumed coverage on shares of Visa in a report on Thursday, March 5th. They set a “buy” rating and a $410.00 target price on the stock. Freedom Capital upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. BMO Capital Markets assumed coverage on shares of Visa in a report on Tuesday, April 21st. They set an “outperform” rating and a $365.00 target price on the stock. UBS Group boosted their target price on shares of Visa from $390.00 to $410.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Truist Financial set a $371.00 target price on shares of Visa and gave the stock a “buy” rating in a report on Tuesday. Six investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $387.67.

Key Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa expanded its Flexible Credential offering in the U.K. with Zilch and Thredd, allowing consumers to choose among payment options at checkout through one card. That supports Visa’s push into more flexible, digital-first payment experiences and could help drive network usage. Visa Flexible Credential Brings More Flexible Ways to Pay to Zilch Cardholders in the UK
• Positive Sentiment: Visa was highlighted in commentary about strong digital payments trends, with analysts pointing to contactless payments, BNPL adoption, and cross-border growth as long-term tailwinds for the financial transaction sector. 5 Financial Transaction Stocks to Watch Amid Digital Advancements
• Positive Sentiment: Visa continues to be viewed as a beneficiary of strong consumer spending and digital payment growth, with another article noting record U.S. consumption as a favorable backdrop for fintech and card networks. U.S. Consumer Spending Tops $21.86T: 5 Fintech Stocks Under $75
• Neutral Sentiment: Visa received additional attention for rolling out tap-based identity verification with Fidelity Bank Bahamas, another sign of product innovation but not necessarily an immediate earnings catalyst. Visa launches tap-based identity verification with Fidelity Bank Bahamas
• Negative Sentiment: Visa CFO Chris Suh sold 10,639 shares at an average price of $324.81, trimming his ownership by more than half. Insider selling can weigh on sentiment, even if it does not change the company’s fundamentals. SEC Form 4 filing

Visa Price Performance

NYSE:V opened at $320.77 on Thursday. Visa Inc. has a one year low of $293.89 and a one year high of $375.51. The company has a market cap of $575.39 billion, a P/E ratio of 27.94, a P/E/G ratio of 1.75 and a beta of 0.78. The firm’s fifty day moving average price is $311.08 and its two-hundred day moving average price is $326.07. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, beating the consensus estimate of $3.10 by $0.21. Visa had a net margin of 51.68% and a return on equity of 65.00%. The firm had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.75 billion. During the same period in the previous year, the company earned $2.76 earnings per share. The company’s quarterly revenue was up 17.1% on a year-over-year basis. Equities analysts expect that Visa Inc. will post 13.08 earnings per share for the current year.

Visa declared that its board has approved a stock buyback plan on Tuesday, April 28th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the credit-card processor to purchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, May 12th. Visa’s payout ratio is currently 23.34%.

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.