Requisite Capital Management LLC Invests $1.98 Million in Visa Inc. $V

Requisite Capital Management LLC purchased a new position in shares of Visa Inc. (NYSE:V) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,638 shares of the credit-card processor’s stock, valued at approximately $1,977,000. Visa accounts for 0.4% of Requisite Capital Management LLC’s investment portfolio, making the stock its 24th biggest holding.

Other hedge funds have also modified their holdings of the company. RiverFront Investment Group LLC boosted its holdings in Visa by 48.1% during the 4th quarter. RiverFront Investment Group LLC now owns 61,813 shares of the credit-card processor’s stock valued at $21,679,000 after acquiring an additional 20,068 shares during the period. Sapient Capital LLC boosted its holdings in Visa by 12.5% during the 4th quarter. Sapient Capital LLC now owns 129,564 shares of the credit-card processor’s stock valued at $45,797,000 after acquiring an additional 14,374 shares during the period. Passumpsic Savings Bank purchased a new position in Visa during the 4th quarter valued at about $3,070,000. North Dakota State Investment Board purchased a new position in Visa during the 4th quarter valued at about $20,488,000. Finally, Rossmore Private Capital boosted its holdings in Visa by 12.0% during the 4th quarter. Rossmore Private Capital now owns 37,175 shares of the credit-card processor’s stock valued at $13,038,000 after acquiring an additional 3,971 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on V shares. Morgan Stanley restated an “overweight” rating and set a $415.00 target price on shares of Visa in a report on Wednesday, April 29th. Bank of America started coverage on Visa in a report on Thursday, March 5th. They set a “buy” rating and a $410.00 target price for the company. Loop Capital started coverage on Visa in a report on Tuesday, March 31st. They set a “buy” rating and a $387.00 target price for the company. Weiss Ratings cut Visa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, April 16th. Finally, Truist Financial set a $371.00 price target on Visa and gave the company a “buy” rating in a research report on Tuesday, May 12th. Six research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Visa currently has a consensus rating of “Buy” and an average price target of $387.67.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 31,455 shares of Visa stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total transaction of $10,699,103.70. Following the transaction, the chief executive officer owned 15,174 shares of the company’s stock, valued at $5,161,284.36. The trade was a 67.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lloyd Carney sold 650 shares of Visa stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total value of $201,253.00. Following the transaction, the director directly owned 2,679 shares in the company, valued at approximately $829,471.98. This trade represents a 19.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 42,744 shares of company stock valued at $14,356,010 over the last quarter. Company insiders own 0.12% of the company’s stock.

Visa News Summary

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Trump said he urged China to open its credit card market more to Visa, raising hopes for future international growth if market access improves. Reuters related coverage
• Positive Sentiment: Visa is expanding digital identity and card activation tools, while also launching AI-powered fan intelligence capabilities, reinforcing its innovation and product-growth story. Visa Links Tap Identity And AI Fan Data To Its Growth Story
• Positive Sentiment: Recent commentary highlighted strong spending trends and digital payments adoption, which generally support transaction volume for Visa’s network. Credit Card Charges Show This Glaring Divergence With The Economy
• Neutral Sentiment: Visa CFO Chris Suh sold shares in a disclosed insider transaction, which may slightly pressure sentiment but does not change the company’s operating outlook. SEC Form 4 filing
• Negative Sentiment: Separate news about delays in U.S. green-card processing and Hungary’s visa-worker policy are mostly unrelated to Visa Inc.’s business and should have limited direct impact on the stock. US Delays Green Card Processing For Indians In Key Visa Categories

Visa Price Performance

Shares of NYSE V opened at $325.42 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.09 and a current ratio of 1.09. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $375.51. The firm has a market capitalization of $583.73 billion, a PE ratio of 28.35, a price-to-earnings-growth ratio of 1.74 and a beta of 0.78. The stock’s 50-day simple moving average is $311.20 and its 200-day simple moving average is $325.74.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.21. Visa had a return on equity of 65.00% and a net margin of 51.68%.The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.75 billion. During the same quarter last year, the company earned $2.76 EPS. The business’s quarterly revenue was up 17.1% on a year-over-year basis. As a group, equities research analysts forecast that Visa Inc. will post 13.09 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $2.68 annualized dividend and a yield of 0.8%. Visa’s payout ratio is 23.34%.

Visa declared that its board has approved a stock repurchase program on Tuesday, April 28th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the credit-card processor to buy up to 3.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.