1,953 Visa Inc. $V Shares Sold by Larry Mathis Financial Planning LLC

Larry Mathis Financial Planning LLC lessened its holdings in shares of Visa Inc. (NYSE:V) by 77.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 566 shares of the credit-card processor’s stock after selling 1,953 shares during the quarter. Larry Mathis Financial Planning LLC’s holdings in Visa were worth $203,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Beacon Capital Management LLC increased its position in Visa by 2.0% during the 3rd quarter. Beacon Capital Management LLC now owns 1,283 shares of the credit-card processor’s stock valued at $461,000 after buying an additional 25 shares in the last quarter. Argyle Capital Partners LLC raised its stake in Visa by 0.7% in the third quarter. Argyle Capital Partners LLC now owns 3,912 shares of the credit-card processor’s stock valued at $1,406,000 after buying an additional 27 shares during the last quarter. Concorde Asset Management LLC boosted its holdings in Visa by 4.0% in the second quarter. Concorde Asset Management LLC now owns 728 shares of the credit-card processor’s stock worth $250,000 after acquiring an additional 28 shares in the last quarter. Ellis Investment Partners LLC boosted its holdings in Visa by 2.1% in the third quarter. Ellis Investment Partners LLC now owns 1,363 shares of the credit-card processor’s stock worth $490,000 after acquiring an additional 28 shares in the last quarter. Finally, Legacy Financial Group Inc. grew its stake in shares of Visa by 3.8% during the third quarter. Legacy Financial Group Inc. now owns 769 shares of the credit-card processor’s stock worth $276,000 after acquiring an additional 28 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Trending Headlines about Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Analysts expect fiscal Q4 earnings per share of $3.44 and revenue of $12.08 billion, up from $2.98 and $10.72 billion, respectively, a forecast that supports the prospect of another earnings beat. Visa Analyst Sees AI Agents Strengthening its Digital Payments Business
• Positive Sentiment: Susquehanna raised its price target to $480, citing the potential for AI-powered payment agents to strengthen Visa’s digital-payments business and expand transaction volumes. Visa Analyst Sees AI Agents Strengthening its Digital Payments Business
• Positive Sentiment: Etisalat Money is adding four international transfer capabilities through Visa Direct, expanding Visa’s cross-border payments reach and supporting its broader digital-payments growth strategy. Etisalat Money Adds Visa Direct Services for International Payments
• Positive Sentiment: Long-term investor interest remains supported by expanding digital-payment adoption and global transaction volumes, although Visa’s recent rally has occurred before new financial results. Visa, Mastercard, or American Express: Which Payment Stock Is the Better Buy?

Analysts Set New Price Targets

Several research firms have recently issued reports on V. Rothschild & Co Redburn upped their price objective on shares of Visa from $430.00 to $444.00 and gave the company a “buy” rating in a report on Thursday, July 30th. President Capital lifted their target price on shares of Visa from $411.00 to $474.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Wells Fargo & Company reissued an “overweight” rating and set a $432.00 target price (up from $412.00) on shares of Visa in a research report on Thursday, July 30th. BNP Paribas Exane boosted their target price on shares of Visa from $420.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Finally, Evercore upped their price target on shares of Visa from $350.00 to $370.00 in a research note on Wednesday, July 29th. Three investment analysts have rated the stock with a Strong Buy rating and thirty-four have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $428.85.

Visa Stock Performance

Shares of V opened at $404.48 on Tuesday. The stock has a 50-day moving average of $377.09 and a two-hundred day moving average of $340.89. Visa Inc. has a one year low of $293.89 and a one year high of $414.60. 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 has a market cap of $721.76 billion, a P/E ratio of 34.39, a P/E/G ratio of 1.92 and a beta of 0.77.

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, beating analysts’ consensus estimates of $3.23 by $0.09. The business had revenue of $11.63 billion for the quarter, compared to analyst estimates of $11.40 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%. The company’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.98 earnings per share. As a group, research analysts predict that Visa Inc. will post 13.22 EPS for the current year.

Insider Buying and Selling

In related news, General Counsel Julie Rottenberg sold 1,867 shares of Visa stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $368.34, for a total transaction of $687,690.78. Following the completion of the sale, the general counsel owned 18,404 shares of the company’s stock, valued at $6,778,929.36. The trade was a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 5,875 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $358.81, for a total value of $2,108,008.75. Following the completion of the sale, the chief executive officer owned 15,174 shares in the company, valued at approximately $5,444,582.94. This represents a 27.91% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 78,792 shares of company stock valued at $28,863,319 over the last quarter. 0.12% of the stock is currently owned by company insiders.

Visa Profile

Visa Inc (NYSE: V) is a global payments technology company that facilitates electronic payments between consumers, businesses, financial institutions and governments. Through its VisaNet network, the company authorizes, clears and settles transactions made with Visa-branded credit, debit and prepaid cards, while generally not issuing cards, extending credit or setting cardholder account terms.

Visa provides payment products and services for consumer, commercial and government payments, as well as digital commerce and money movement.