Rayburn West Financial Services LLC Invests $1.23 Million in Visa Inc. $V

Rayburn West Financial Services LLC bought a new position in shares of Visa Inc. (NYSE:V) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,492 shares of the credit-card processor’s stock, valued at approximately $1,225,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Corient Private Wealth LLC increased its position in shares of Visa by 110.4% in the second quarter. Corient Private Wealth LLC now owns 3,954,937 shares of the credit-card processor’s stock worth $1,396,930,000 after purchasing an additional 2,075,289 shares during the period. Holocene Advisors LP increased its position in shares of Visa by 286.4% in the third quarter. Holocene Advisors LP now owns 2,526,026 shares of the credit-card processor’s stock worth $862,335,000 after purchasing an additional 1,872,362 shares during the period. SG Americas Securities LLC increased its position in shares of Visa by 121.7% in the fourth quarter. SG Americas Securities LLC now owns 3,022,411 shares of the credit-card processor’s stock worth $1,059,990,000 after purchasing an additional 1,658,954 shares during the period. Danske Bank A S bought a new position in shares of Visa in the third quarter worth $565,684,000. Finally, Capital Research Global Investors increased its position in shares of Visa by 73.4% in the third quarter. Capital Research Global Investors now owns 3,197,405 shares of the credit-card processor’s stock worth $1,091,528,000 after purchasing an additional 1,353,441 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analysts Set New Price Targets

V has been the topic of a number of recent analyst reports. Cantor Fitzgerald restated an “overweight” rating and issued a $400.00 price target on shares of Visa in a research report on Wednesday, April 29th. Morgan Stanley restated an “overweight” rating and issued a $415.00 price target on shares of Visa in a research report on Wednesday, April 29th. Freedom Capital upgraded Visa from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. Daiwa Securities Group upgraded Visa from a “neutral” rating to an “outperform” rating and set a $370.00 price target on the stock in a research report on Monday, February 2nd. Finally, Loop Capital initiated coverage on Visa in a research report on Tuesday, March 31st. They issued a “buy” rating and a $387.00 price target on the stock. Six equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Visa currently has a consensus rating of “Buy” and an average price target of $387.67.

Visa Stock Performance

Visa stock opened at $320.77 on Thursday. Visa Inc. has a 12-month low of $293.89 and a 12-month high of $375.51. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.64. The business’s 50-day moving average price is $311.08 and its two-hundred day moving average price is $326.07. The stock has a market cap of $575.39 billion, a PE ratio of 27.94, a P/E/G ratio of 1.75 and a beta of 0.78.

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

Visa Dividend Announcement

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

Visa announced that its board has authorized a stock buyback program on Tuesday, April 28th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the credit-card processor to repurchase up to 3.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 31,455 shares of Visa stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total value of $10,699,103.70. Following the transaction, the chief executive officer 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 legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chris Suh sold 10,639 shares of Visa stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total value of $3,455,653.59. Following the completion of the transaction, the chief financial officer owned 9,872 shares in the company, valued at approximately $3,206,524.32. This represents a 51.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 42,744 shares of company stock worth $14,356,010 over the last 90 days. Insiders own 0.12% of the company’s stock.

Visa 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.