Mirabaud & Cie SA Sells 10,912 Shares of Visa Inc. $V

Mirabaud & Cie SA reduced its position in shares of Visa Inc. (NYSE:V) by 53.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,391 shares of the credit-card processor’s stock after selling 10,912 shares during the period. Visa makes up about 1.3% of Mirabaud & Cie SA’s portfolio, making the stock its 17th biggest holding. Mirabaud & Cie SA’s holdings in Visa were worth $3,222,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Visa by 50.1% in the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock valued at $6,522,000 after acquiring an additional 6,883 shares during the period. Revolve Wealth Partners LLC increased its position 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 acquiring an additional 4,817 shares during the period. Nicholas Hoffman & Company LLC. raised its stake in Visa by 4.6% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor’s stock worth $3,834,000 after purchasing an additional 477 shares in the last quarter. Matrix Asset Advisors Inc. NY raised its stake in Visa by 16.9% in the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 1,133 shares of the credit-card processor’s stock worth $402,000 after purchasing an additional 164 shares in the last quarter. Finally, Schnieders Capital Management LLC. boosted its holdings in Visa by 13.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 18,367 shares of the credit-card processor’s stock valued at $6,521,000 after purchasing an additional 2,230 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa agreed to acquire fraud-intelligence provider BioCatch for $2.4 billion in cash. The transaction would expand Visa’s artificial-intelligence and cybersecurity capabilities, helping banks and merchants combat account takeovers, scams and other increasingly costly payment fraud. The deal also strengthens Visa’s competitive position against Mastercard in payment security. Visa vs. Mastercard: BioCatch Acquisition
• Positive Sentiment: Visa is moving stablecoin capabilities into production through Visa Direct and a partnership with Zero Hash, enabling stablecoin payouts and prefunding across eligible cards, accounts and wallets in 195 countries and territories. This could broaden Visa’s cross-border payment volume and preserve its role as digital currencies expand. Visa Stablecoin Cross-Border Payouts
• Positive Sentiment: Western Union’s Visa-branded Stablecard, initially launching in 37 markets, will let users hold and spend a dollar-backed stablecoin anywhere Visa is accepted. The rollout offers Visa additional exposure to remittances, digital wallets and cross-border transactions. Western Union Stablecard on Visa Network
• Neutral Sentiment: Industry commentary remains constructive on cross-border payment growth and strategic expansion, but warns that higher technology spending and pressure on consumer spending could weigh on margins across transaction-processing companies. Financial Transaction Stocks Outlook
• Negative Sentiment: Visa reportedly cut approximately 2,600 jobs, including 320 positions in California. Although the restructuring could improve efficiency and lower costs over time, the scale of the layoffs may raise concerns about near-term disruption, employee morale and management execution. Visa Job Cuts

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 10,490 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $343.99, for a total value of $3,608,455.10. Following the sale, the chief executive officer owned 15,174 shares of the company’s stock, valued at approximately $5,219,704.26. This trade represents a 40.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Tullier Kelly Mahon sold 57,272 shares of Visa stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $364.97, for a total value of $20,902,561.84. Following the completion of the transaction, the insider owned 49,662 shares in the company, valued at approximately $18,125,140.14. The trade was a 53.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 101,398 shares of company stock worth $35,831,433. 0.12% of the stock is owned by company insiders.

Visa Price Performance

Shares of NYSE:V opened at $370.11 on Friday. The firm has a 50 day moving average of $344.41 and a 200-day moving average of $326.79. The stock has a market capitalization of $663.89 billion, a PE ratio of 31.47, a PEG ratio of 1.98 and a beta of 0.74. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $373.97.

Visa (NYSE:V) 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. The company had revenue of $11.63 billion during 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%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.98 EPS. On average, equities research analysts predict that Visa Inc. will post 13.14 EPS for the current fiscal year.

Visa declared that its board has approved a share repurchase program on Tuesday, April 28th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the credit-card processor to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be paid a dividend of $0.67 per share. The ex-dividend date is Tuesday, August 11th. This represents a $2.68 annualized dividend and a yield of 0.7%. Visa’s dividend payout ratio is presently 22.79%.

Analyst Upgrades and Downgrades

V has been the topic of a number of analyst reports. TD Cowen restated a “buy” rating on shares of Visa in a research report on Wednesday, July 29th. Morgan Stanley reiterated an “overweight” rating and issued a $416.00 price target on shares of Visa in a research note on Wednesday, July 29th. Oppenheimer reissued an “outperform” rating and set a $403.00 price target (up from $391.00) on shares of Visa in a research report on Wednesday, April 29th. Erste Group Bank upgraded Visa from a “hold” rating to a “buy” rating in a research note on Monday, July 27th. Finally, Weiss Ratings raised Visa from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 30th. Seven 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, the stock currently has a consensus rating of “Buy” and an average target price of $413.58.

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.