Wills Financial Group LLC lessened its holdings in Visa Inc. (NYSE:V – Free Report) by 23.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,223 shares of the credit-card processor’s stock after selling 2,253 shares during the period. Wills Financial Group LLC’s holdings in Visa were worth $2,314,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of V. Clayton Financial Group LLC grew its stake in Visa by 446.2% in 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. Parvin Asset Management LLC boosted its holdings in shares of Visa by 200.0% during the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock valued at $26,000 after acquiring an additional 50 shares during the period. PayPay Securities Corp grew its position in Visa by 102.7% in the 4th quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock worth $26,000 after purchasing an additional 38 shares during the last quarter. Cresta Advisors Ltd. bought a new position in Visa in the 4th quarter worth approximately $26,000. Finally, Dorato Capital Management bought a new position in shares of Visa in the fourth quarter worth $30,000. 82.15% of the stock is owned by institutional investors and hedge funds.
More Visa News
Here are the key news stories impacting Visa this week:
- Positive Sentiment: Visa announced a partnership with Airwallex to build embedded-finance tools for freight and shipping platforms, a move that could expand Visa’s footprint in cross-border B2B payments and working-capital solutions. Visa and Airwallex Team on Embedded Finance for Freight Companies
- Positive Sentiment: DoorDash’s new instant-deposit features for drivers use Visa Direct, highlighting continued adoption of Visa’s real-time money-movement infrastructure in consumer and gig-economy payments. DoorDash Launches Instant Deposits for DoorDash Crimson with Astra
- Positive Sentiment: BNP Paribas Exane upgraded Visa to “strong-buy,” adding to the bullish case that the company’s earnings momentum and premium network position can support further upside. Visa upgraded by BNP Paribas Exane
- Neutral Sentiment: Several preview articles ahead of Visa’s fiscal Q3 results point to continued revenue and earnings growth, with consensus estimates around $3.23 EPS on $11.35 billion in revenue; investors are waiting to see whether the company can justify its valuation when it reports next week. Visa’s Q3 Earnings Could be a Catalyst: Should You Buy Now?
- Neutral Sentiment: Jim Cramer also highlighted Visa as a beneficiary of resilient consumer credit demand, which reinforces a positive spending backdrop but does not change the near-term fundamentals on its own. Jim Cramer Highlights Visa (V) as Consumer Credit Demand Soars
- Negative Sentiment: A Reuters report on new U.S. visa restrictions targeting people tied to cybercrime is not directly related to Visa Inc.’s payments business, but the headline may have created some noise for the stock due to the shared name. US announces visa restriction policy for people complicit in cybercrime
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on V
Insider Buying and Selling at Visa
In related news, CFO Chris Suh sold 10,639 shares of Visa stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the completion of the sale, the chief financial officer owned 9,872 shares of the company’s stock, valued at approximately $3,206,524.32. The trade was a 51.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $360.00, for a total value of $729,720.00. Following the transaction, the general counsel owned 18,404 shares in the company, valued at $6,625,440. The trade was a 9.92% 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 75,581 shares of company stock valued at $25,627,975 in the last quarter. 0.12% of the stock is currently owned by insiders.
Visa Stock Performance
Shares of NYSE:V opened at $351.68 on Friday. The firm’s 50 day simple moving average is $336.98 and its 200 day simple moving average is $325.13. The company has a market capitalization of $630.84 billion, a price-to-earnings ratio of 30.63, a P/E/G ratio of 1.88 and a beta of 0.75. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $365.14. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09.
Visa (NYSE:V – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, topping the consensus estimate of $3.10 by $0.21. The business had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.75 billion. Visa had a return on equity of 65.00% and a net margin of 51.68%.The firm’s revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.76 EPS. As a group, sell-side analysts forecast that Visa Inc. will post 13.13 earnings per share for the current year.
Visa Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 12th. Visa’s payout ratio is 23.34%.
Visa declared that its Board of Directors has initiated a share repurchase program on Tuesday, April 28th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the credit-card processor to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
Visa 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.
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