Visa Inc. $V Stake Decreased by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. trimmed its stake in Visa Inc. (NYSE:V) by 5.3% during the third quarter, Holdings Channel.com reports. The fund owned 68,299 shares of the credit-card processor’s stock after selling 3,833 shares during the period. Visa accounts for about 1.7% of Penobscot Investment Management Company Inc.’s investment portfolio, making the stock its 11th biggest position. Penobscot Investment Management Company Inc.’s holdings in Visa were worth $24,542,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nixon Peabody Trust Co. increased its stake in Visa by 58.1% during the first quarter. Nixon Peabody Trust Co. now owns 4,201 shares of the credit-card processor’s stock worth $1,270,000 after purchasing an additional 1,543 shares during the period. Bank Pictet & Cie Europe AG boosted its stake in shares of Visa by 0.9% in the third quarter. Bank Pictet & Cie Europe AG now owns 606,500 shares of the credit-card processor’s stock valued at $217,934,000 after purchasing an additional 5,568 shares during the period. Vega Investment Solutions purchased a new position in shares of Visa in the second quarter valued at approximately $829,000. Beacon Financial Group boosted its stake in shares of Visa by 83.9% in the first quarter. Beacon Financial Group now owns 22,501 shares of the credit-card processor’s stock valued at $6,801,000 after purchasing an additional 10,267 shares during the period. Finally, XXEC Inc. grew its holdings in shares of Visa by 153,118.8% in the second quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor’s stock valued at $63,904,097,000 after purchasing an additional 186,138,883 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Visa

In other Visa news, General Counsel Julie Rottenberg sold 2,028 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $381.35, for a total value of $773,377.80. Following the sale, the general counsel directly owned 18,404 shares in the company, valued at $7,018,365.40. This trade represents a 9.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 firm’s stock in a transaction 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 ownership of the stock. 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. Insiders have sold 78,792 shares of company stock valued at $28,863,319 over the last quarter. 0.12% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on V. JPMorgan Chase & Co. upped their target price on shares of Visa from $400.00 to $450.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Wolfe Research reiterated an “outperform” rating and set a $460.00 target price (up from $435.00) on shares of Visa in a report on Tuesday, August 25th. Cantor Fitzgerald set a $445.00 price target on shares of Visa and gave the company an “overweight” rating in a research report on Monday, August 3rd. Loop Capital raised their price target on shares of Visa from $387.00 to $404.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, UBS Group restated a “buy” rating and issued a $420.00 price target (up from $410.00) on shares of Visa in a research note on Wednesday, July 29th. Three research analysts have rated the stock with a Strong Buy rating and thirty-four have given a Buy rating to the company. According to MarketBeat.com, Visa presently has a consensus rating of “Buy” and an average target price of $428.85.

Visa Price Performance

Shares of NYSE:V opened at $401.31 on Wednesday. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $414.60. The company’s 50 day moving average is $378.75 and its two-hundred day moving average is $341.35.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.05. The firm had revenue of $12.14 billion for the quarter, compared to analysts’ expectations of $12.09 billion. Visa’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the firm posted $2.98 earnings per share. As a group, research analysts forecast that Visa Inc. will post 13.22 earnings per share for the current year.

Key Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa exceeded expectations with adjusted earnings of $3.48 per share versus the $3.43–$3.44 consensus, while revenue rose 13% year over year to approximately $12.14 billion, ahead of estimates. Adjusted EPS increased 17% from a year earlier, supported by higher payment volumes and transaction growth. Visa Beats Q4 Earnings and Revenue Estimates
• Positive Sentiment: The company reported approximately $6 billion in quarterly profit and raised its quarterly dividend by 16%, reinforcing its strong cash generation and shareholder-return profile. Visa Reports Higher Profit on Payment Volumes and Transactions Growth
• Positive Sentiment: Visa’s expansion into AI-enabled payments could provide a longer-term growth opportunity. The company is piloting trusted AI agents that can complete approved invoice payments, while Visa Direct is being expanded for international transfers. Visa’s Agent Payment Pilot
• Neutral Sentiment: The results exceeded forecasts, but Visa trades at a premium valuation, with a price-to-earnings ratio above 34 and the shares near their 52-week high. Investors may require continued strong growth to justify further gains. Visa Likely to Beat Q4 Earnings
• Negative Sentiment: Visa faces a potential £5 billion UK collective lawsuit involving roughly one million businesses. The claim alleges excessive and anti-competitive card fees; any resulting liability or changes to interchange-fee practices could pressure future profitability. Visa and Mastercard UK Lawsuit

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.