Quantbot Technologies LP Has $939,000 Stake in Visa Inc. $V

Quantbot Technologies LP reduced its holdings in Visa Inc. (NYSE:V) by 93.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,738 shares of the credit-card processor’s stock after selling 37,238 shares during the quarter. Quantbot Technologies LP’s holdings in Visa were worth $939,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of V. XXEC Inc. raised its holdings in shares of Visa by 153,118.8% during the second quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor’s stock worth $63,904,097,000 after acquiring an additional 186,138,883 shares during the period. Norges Bank acquired a new position in Visa in the 4th quarter worth $5,877,738,000. Cardano Risk Management B.V. increased its holdings in Visa by 867.6% during the 4th quarter. Cardano Risk Management B.V. now owns 8,213,610 shares of the credit-card processor’s stock worth $2,880,595,000 after purchasing an additional 7,364,762 shares in the last quarter. Diamant Asset Management Inc. raised its stake in shares of Visa by 29,706.3% in the 1st quarter. Diamant Asset Management Inc. now owns 7,332,947 shares of the credit-card processor’s stock valued at $2,216,310,000 after purchasing an additional 7,308,345 shares during the period. Finally, J. Stern & Co. LLP lifted its holdings in shares of Visa by 12,497.1% in the fourth quarter. J. Stern & Co. LLP now owns 3,378,039 shares of the credit-card processor’s stock valued at $1,184,712,000 after purchasing an additional 3,351,223 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Activity at Visa

In related news, insider Tullier Kelly 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 in the company, valued at approximately $18,125,140.14. The trade was 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 hyperlink. Also, CEO Ryan Mcinerney sold 20,970 shares of the company’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $340.25, for a total transaction of $7,135,042.50. Following the sale, the chief executive officer directly owned 15,174 shares in the company, valued at $5,162,953.50. This trade represents a 58.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 96,634 shares of company stock valued at $34,537,016. 0.12% of the stock is owned by corporate insiders.

Visa Price Performance

NYSE:V opened at $383.47 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 0.99. The stock’s 50-day simple moving average is $356.96 and its 200 day simple moving average is $330.74. The company has a market cap of $684.27 billion, a P/E ratio of 32.61, a P/E/G ratio of 2.06 and a beta of 0.74. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $385.57.

Visa (NYSE:V) last issued its quarterly 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 firm had revenue of $11.63 billion during the quarter, compared to analysts’ expectations of $11.40 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%.The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.98 earnings per share. As a group, sell-side analysts forecast that Visa Inc. will post 13.16 EPS for the current fiscal year.

Visa Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on V shares. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $450.00 price objective on shares of Visa in a research report on Tuesday, June 2nd. Raymond James Financial restated an “outperform” rating and issued a $406.00 target price on shares of Visa in a research note on Wednesday, July 29th. Barclays assumed coverage on Visa in a research report on Tuesday, July 7th. They set an “overweight” rating and a $420.00 price target for the company. Robert W. Baird raised their price target on shares of Visa from $412.00 to $420.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $432.00 price objective (up from $412.00) on shares of Visa in a report on Thursday, July 30th. Seven research analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $414.54.

Trending Headlines about Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa and Bluefin launched a unified card-present payment platform for global merchants. The offering combines payment acceptance, security and device management, potentially simplifying enterprise deployments, reducing compliance burdens and expanding Visa’s merchant-services opportunity. Visa launches unified card-present payment platform
• Positive Sentiment: Visa joined Singapore’s BLOOM initiative, which is intended to connect traditional payment networks with stablecoin-based settlement rails. The effort could improve cross-border payment efficiency and give Visa an early role in digital-payment interoperability. Visa joins BLOOM initiative
• Positive Sentiment: Growing stablecoin card spending and Visa’s stablecoin initiatives support the company’s longer-term opportunity in digital wallets, cross-border transactions and emerging payment forms. The growth may help Visa remain relevant as payment activity expands beyond conventional cards. Visa BLOOM initiative and digital payments
• Neutral Sentiment: Visa approved KARTY LLC for a FinTech Innovation Award following its Qatar launch. The recognition highlights Visa’s partnerships with fintechs but is unlikely to materially affect near-term financial results. KARTY receives Visa FinTech Innovation Award
• Negative Sentiment: After touching $385.57, Visa surrendered the breakout. Commentary points to profit-taking and investor caution around its roughly 33-times earnings valuation, which makes sustained gains more difficult even though payment volumes remain healthy. Visa hits record then surrenders breakout
• Negative Sentiment: CEO Ryan McInerney sold 5,875 shares worth about $2.16 million under a pre-arranged Rule 10b5-1 plan. The scheduled nature reduces the significance, but the transaction may still attract limited insider-selling scrutiny.

Visa Company Profile

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.