Visa Inc. $V Stock Bought by Cardinal Capital Management Inc.

Cardinal Capital Management Inc. increased its holdings in Visa Inc. (NYSE:V) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,294 shares of the credit-card processor’s stock after buying an additional 1,989 shares during the period. Visa accounts for 1.0% of Cardinal Capital Management Inc.’s holdings, making the stock its 29th largest position. Cardinal Capital Management Inc.’s holdings in Visa were worth $43,225,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in V. XXEC Inc. lifted its position in shares of Visa by 153,118.8% during the 2nd quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor’s stock valued at $63,904,097,000 after acquiring an additional 186,138,883 shares during the period. Diamant Asset Management Inc. increased its position in shares of Visa by 29,706.3% in the first quarter. Diamant Asset Management Inc. now owns 7,332,947 shares of the credit-card processor’s stock worth $2,216,310,000 after purchasing an additional 7,308,345 shares during the period. Jupiter Topco LLC bought a new position in shares of Visa in the second quarter worth $1,435,262,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Visa by 13.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,720,068 shares of the credit-card processor’s stock worth $5,393,398,000 after purchasing an additional 1,808,496 shares during the period. Finally, Corient Private Wealth LLC raised its stake in Visa by 65.5% in the fourth quarter. Corient Private Wealth LLC now owns 2,956,307 shares of the credit-card processor’s stock valued at $1,036,806,000 after purchasing an additional 1,170,147 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on V. Loop Capital upped their price objective on shares of Visa from $387.00 to $404.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. President Capital raised their target price on shares of Visa from $411.00 to $474.00 and gave the company a “buy” rating in a report on Monday, August 17th. Morgan Stanley reissued an “overweight” rating and issued a $416.00 target price (up from $415.00) on shares of Visa in a report on Wednesday, July 29th. Evercore boosted their target price on shares of Visa from $350.00 to $370.00 in a research report on Wednesday, July 29th. Finally, Argus upped their price target on shares of Visa from $396.00 to $420.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating and thirty-four have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $426.12.

Insider Activity

In related news, insider Tullier Mahon sold 57,272 shares of Visa stock in a transaction that occurred 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 sale, the insider directly owned 49,662 shares of the company’s stock, valued at approximately $18,125,140.14. The trade was a 53.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 5,875 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $358.81, for a total transaction of $2,108,008.75. Following the transaction, the chief executive officer owned 15,174 shares of the company’s stock, valued at approximately $5,444,582.94. This represents a 27.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 78,792 shares of company stock worth $28,863,319. Corporate insiders own 0.12% of the company’s stock.

Visa Price Performance

Visa stock opened at $403.05 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 0.99. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $404.74. The stock has a market capitalization of $719.21 billion, a P/E ratio of 34.27, a price-to-earnings-growth ratio of 1.88 and a beta of 0.77. The stock has a fifty day moving average of $372.73 and a 200-day moving average of $346.29.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.09. The business had revenue of $11.63 billion during the quarter, compared to the consensus estimate of $11.40 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%. Visa’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.98 EPS. On average, sell-side analysts expect that Visa Inc. will post 13.22 earnings per share for the current fiscal year.

Visa Announces Dividend

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

Visa News Summary

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Stablecoin payments move into commercial use: Visa Direct has begun rolling out stablecoin-enabled prefunding for businesses conducting cross-border payments. Inyo Global is the first enabler to launch the capability for eligible clients and partners, potentially improving payment speed, liquidity management and Visa’s relevance in digital money movement. Visa Direct Accelerates Cross-Border Money Movement With Stablecoin Prefunding
• Positive Sentiment: Investor rotation supports valuation: Visa and Mastercard are among large-cap stocks reaching records as investors rotate away from chip and artificial-intelligence shares. This shift has increased demand for defensive, cash-generative companies ahead of earnings season. Coca-Cola, Visa and Mastercard Hit Records as Investors Rotate Out of Chip Stocks
• Positive Sentiment: Technical and analyst support: Visa recently broke out into a reported buy zone, while an analyst upgrade has added to bullish sentiment. The stock’s momentum is notable given its premium valuation and position near its annual high. Visa Shares Up on Analyst Upgrade
• Positive Sentiment: Payments ecosystem expansion: Barclaycard Payments is integrating Visa Unified Checkout in the United Kingdom, allowing merchants to accept cards, Click to Pay and digital wallets. Transferra also launched Visa cards for business and private clients, supporting additional card issuance and transaction volume. Barclaycard Payments Integrates Visa Unified Checkout in UK
• Neutral Sentiment: Consumer spending remains resilient: Analysts continue to view Visa as a beneficiary of stock-market-supported consumer spending and resilient earnings, but the outlook is tempered by rising credit-card delinquencies that could eventually pressure payment volumes or consumer credit conditions. 3 Stocks to Watch as Wall Street Wealth Fuels Consumer Spending

About Visa

Visa Inc is a global payments technology company that operates one of the world’s largest electronic payments networks. Through its VisaNet platform, the company facilitates the authorization, clearing and settlement of payment transactions between consumers, merchants, financial institutions and governments.

Visa provides payment products and services for credit, debit, prepaid and commercial transactions. Its offerings also include digital payment capabilities, tokenization, fraud prevention, risk management and other value-added services designed to support secure electronic commerce and contactless payments.