Visa Inc. $V Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. lifted its position in shares of Visa Inc. (NYSE:V) by 84.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,788 shares of the credit-card processor’s stock after acquiring an additional 34,158 shares during the quarter. Vise Technologies Inc.’s holdings in Visa were worth $26,229,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of V. Clayton Financial Group LLC boosted its position in Visa by 446.2% during the fourth quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock worth $25,000 after purchasing an additional 58 shares in the last quarter. PayPay Securities Corp increased its position in shares of Visa by 102.7% in the fourth quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock valued at $26,000 after buying an additional 38 shares in the last quarter. Cresta Advisors Ltd. purchased a new stake in shares of Visa in the fourth quarter valued at approximately $26,000. Parvin Asset Management LLC raised its stake in shares of Visa by 200.0% during the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after buying an additional 50 shares during the period. Finally, Dorato Capital Management acquired a new position in shares of Visa during the 4th quarter worth approximately $30,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Up 2.5%

Shares of V opened at $320.06 on Friday. The stock has a 50 day moving average price of $316.15 and a 200 day moving average price of $324.50. Visa Inc. has a one year low of $293.89 and a one year high of $375.51. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $574.12 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 1.67 and a beta of 0.77.

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, topping analysts’ consensus estimates of $3.10 by $0.21. Visa had a net margin of 51.68% and a return on equity of 65.00%. The business had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.75 billion. During the same quarter in the prior year, the firm earned $2.76 earnings per share. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. Equities research analysts forecast that Visa Inc. will post 13.09 earnings per share for the current fiscal year.

Visa announced that its Board of Directors has initiated a share buyback plan on Tuesday, April 28th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the credit-card processor to buy up to 3.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. Visa’s dividend payout ratio is presently 23.34%.

Insider Transactions at Visa

In other news, 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 sale, the director owned 2,679 shares of the company’s stock, valued at $829,471.98. This represents a 19.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Chris Suh sold 10,639 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the sale, the chief financial officer directly owned 9,872 shares of the company’s stock, valued at $3,206,524.32. The trade was a 51.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 42,744 shares of company stock valued at $14,356,010 over the last 90 days. 0.12% of the stock is currently owned by corporate insiders.

More Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa announced a collaboration with Brale to explore private stablecoin settlement for institutional payments, reinforcing its blockchain and faster-settlement strategy. Visa and Brale Explore Private Stablecoin Settlement for Institutional Payments
• Positive Sentiment: Reports that Visa, Stripe, and Mastercard may back a stablecoin platform sparked optimism that Visa could benefit from cheaper, faster cross-border settlement and stay ahead of payment innovation. Report: Payments Giants Visa, Mastercard, and Stripe Back Stablecoin Platform for Faster Payments
• Positive Sentiment: Analysts and commentary noted that the stablecoin pilot could create meaningful long-term benefits if successful, helping explain why the stock has been trending higher. Why Visa Stock Topped the Market on Thursday
• Neutral Sentiment: Visa also announced senior leadership appointments in Asia Pacific to support value-added services and Southeast Asia growth, a strategic but not immediate earnings driver. Visa Announces Asia Pacific Leadership Appointments to Scale Value-Added Services and Southeast Asia Growth
• Neutral Sentiment: Coverage on “pay-by-bank” and other payment alternatives raises competitive questions, but the articles suggest awareness and trust remain limited for now, so the threat to Visa looks incremental rather than immediate. Pay-by-Bank Is Quietly Gaining Ground. Should Card Network Visa Investors Worry?
• Negative Sentiment: Visa’s payment services were reported suspended in Cuba amid expanded U.S. sanctions, which is a small geographic headwind but not likely a major stock driver. Visa and Mastercard services suspended in tourist destination popular with Canadians

Analyst Ratings Changes

A number of equities research analysts recently issued reports on V shares. Loop Capital started coverage on shares of Visa in a research note on Tuesday, March 31st. They issued a “buy” rating and a $387.00 price target on the stock. Citigroup reduced their price objective on shares of Visa from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Oppenheimer reaffirmed an “outperform” rating and set a $403.00 price objective (up from $391.00) on shares of Visa in a report on Wednesday, April 29th. Cantor Fitzgerald reissued an “overweight” rating and set a $400.00 target price on shares of Visa in a research note on Wednesday, April 29th. Finally, Evercore set a $350.00 price target on shares of Visa in a research report on Wednesday, April 29th. Six analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $387.78.

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.