Novare Capital Management LLC Buys 9,439 Shares of Visa Inc. $V

Novare Capital Management LLC grew its position in Visa Inc. (NYSE:V) by 16.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 66,240 shares of the credit-card processor’s stock after purchasing an additional 9,439 shares during the period. Visa comprises about 1.6% of Novare Capital Management LLC’s portfolio, making the stock its 16th largest holding. Novare Capital Management LLC’s holdings in Visa were worth $20,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in shares of Visa by 50.1% during the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock worth $6,522,000 after buying an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock valued at $3,733,000 after acquiring an additional 4,817 shares during the last quarter. Nicholas Hoffman & Company LLC. increased its position in shares of Visa by 4.6% during the first quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor’s stock valued at $3,834,000 after acquiring an additional 477 shares during the last quarter. Matrix Asset Advisors Inc. NY lifted its holdings in Visa by 16.9% during the second quarter. Matrix Asset Advisors Inc. NY now owns 1,133 shares of the credit-card processor’s stock worth $402,000 after acquiring an additional 164 shares during the period. Finally, Schnieders Capital Management LLC. lifted its holdings in Visa by 13.8% during the second quarter. Schnieders Capital Management LLC. now owns 18,367 shares of the credit-card processor’s stock worth $6,521,000 after acquiring an additional 2,230 shares during the period. 82.15% of the stock is owned by institutional investors.

Trending Headlines about Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa launched an AI-powered “Everyday Cashback” program in the UAE, expanding into personalized rewards and merchant solutions, which could strengthen long-term growth beyond core payments. Visa (V) Launches AI Driven Everyday Cashback In UAE With Mashreq And Rezolve AI
• Positive Sentiment: Analysts highlighted Visa’s AI-driven rewards push as strategically important because it may increase bank and merchant participation across Visa’s network. Visa’s AI-Driven Rewards Push: A Small Move With Strategic Value
• Neutral Sentiment: Visa was also mentioned in a B2B payments update tied to its Commercial Enhanced Data Program, underscoring continued adoption of its data-validation tools for corporate payments. Boost Payment Solutions Reports Measurable Progress on CEDP Qualification, Delivering Tens of Millions in Customer Savings
• Neutral Sentiment: Visa remains in the spotlight as a widely watched stock, with investors tracking whether its AI partnerships can offset broader growth concerns. Visa Inc. (V) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: European lawmakers advanced a digital euro framework aimed at reducing reliance on Visa and other U.S. payment networks, which could intensify long-term competition in Europe. European Parliament Committee Advances Digital Euro Framework in Historic Vote
• Negative Sentiment: Separate reports said the EU’s digital euro plan is explicitly designed to cut dependence on Visa, Mastercard, and Apple Pay, adding another overhang for Visa’s international payments business. EU Digital Euro Plan Takes Aim at Visa, Mastercard, and Apple Pay
• Negative Sentiment: The European Parliament’s backing of a digital euro, expected to launch by 2029, could reduce U.S. dominance in payments and pressure Visa’s long-term share in Europe. European Parliament backs long-awaited digital euro to reduce US dominance in payments
• Negative Sentiment: Another EU report noted the bloc wants to cut its reliance on U.S. payment systems such as Visa and Mastercard, reinforcing the regulatory and competitive risk in Europe. EU bets on digital euro to cut US tech addiction

Visa Stock Performance

Shares of V stock opened at $328.95 on Wednesday. The firm’s 50 day moving average is $322.10 and its 200 day moving average is $324.18. The stock has a market capitalization of $590.06 billion, a P/E ratio of 28.65, a PEG ratio of 1.74 and a beta of 0.77. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $359.66. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.64.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, beating 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 period in the previous year, the business earned $2.76 EPS. Visa’s revenue was up 17.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Visa Inc. will post 13.09 earnings per share for the current year.

Visa declared that its board has approved a share repurchase 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 purchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were given a $0.67 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. Visa’s payout ratio is 23.34%.

Insider Buying and Selling at Visa

In other Visa news, CFO Chris Suh sold 10,639 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was 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 $3,206,524.32. This trade represents a 51.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 31,455 shares of Visa stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $340.14, for a total value of $10,699,103.70. Following the transaction, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at $5,161,284.36. The trade was a 67.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.12% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on V. Evercore set a $350.00 price objective on Visa in a research note on Wednesday, April 29th. Citigroup lowered their target price on Visa from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Sanford C. Bernstein restated an “outperform” rating and set a $450.00 price target on shares of Visa in a research report on Tuesday, June 2nd. Cantor Fitzgerald restated an “overweight” rating and set a $400.00 price objective on shares of Visa in a report on Wednesday, April 29th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $389.00 price objective on shares of Visa in a research report on Wednesday, April 29th. Six investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Visa presently has a consensus rating of “Buy” and an average target price of $387.78.

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.