VCI Wealth Management LLC Reduces Stock Position in Visa Inc. $V

VCI Wealth Management LLC cut its holdings in Visa Inc. (NYSE:V) by 13.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,361 shares of the credit-card processor’s stock after selling 1,918 shares during the quarter. Visa makes up approximately 1.0% of VCI Wealth Management LLC’s holdings, making the stock its 21st largest holding. VCI Wealth Management LLC’s holdings in Visa were worth $3,736,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Piedmont Capital Management LLC NC lifted its holdings in Visa by 14.0% in the 1st quarter. Piedmont Capital Management LLC NC now owns 1,983 shares of the credit-card processor’s stock worth $599,000 after buying an additional 243 shares during the period. Topsail Wealth Management LLC grew its position in shares of Visa by 2.7% in the 1st quarter. Topsail Wealth Management LLC now owns 7,202 shares of the credit-card processor’s stock worth $2,177,000 after buying an additional 191 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its stake in shares of Visa by 21.4% during the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 3,400 shares of the credit-card processor’s stock valued at $1,028,000 after buying an additional 600 shares during the period. GHP Investment Advisors Inc. raised its holdings in shares of Visa by 3.7% during the first quarter. GHP Investment Advisors Inc. now owns 36,480 shares of the credit-card processor’s stock valued at $11,026,000 after acquiring an additional 1,291 shares in the last quarter. Finally, AA Financial Advisors LLC raised its holdings in shares of Visa by 0.9% during the first quarter. AA Financial Advisors LLC now owns 4,226 shares of the credit-card processor’s stock valued at $1,277,000 after acquiring an additional 36 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Key Headlines Impacting Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa launched Visa Destinations, a global travel platform now live in 10 major markets, designed to engage cardholders earlier in the travel journey and deepen use of Visa’s network through curated experiences and exclusive access. Visa Redefines Its Role in Travel With the Global Launch of Visa Destinations
• Positive Sentiment: Visa expanded Visa Cloud Connect with Mintoak and Thredd in Asia Pacific, which could help fintechs and banks issue cards faster and broaden Visa’s reach in merchant SaaS and cloud-based issuing. Visa (V), Mintoak Partner to Expand Merchant SaaS Offerings Across Asia Pacific
• Positive Sentiment: Analysts are highlighting Visa’s new travel push and international expansion efforts as potential future growth drivers, reinforcing the view that Visa can keep monetizing cross-border spending and travel-related activity. Can Visa’s New Travel Play Become Its Next Growth Driver?
• Neutral Sentiment: Several recent write-ups on Visa’s travel and partner initiatives are largely descriptive, but they underscore investor focus on whether these new products can meaningfully add to growth over time. Visa Explores Travel Planning Space With Visa Destinations
• Neutral Sentiment: One opinion piece argued Visa could be vulnerable to payment disruption, but it did not include new fundamental data and appears to be more of a long-term risk discussion than a near-term catalyst. Visa: May Be Next On The Disruption Hit List

Wall Street Analysts Forecast Growth

V has been the topic of several recent analyst reports. Raymond James Financial reiterated an “outperform” rating and issued a $389.00 price target on shares of Visa in a report on Wednesday, April 29th. Sanford C. Bernstein restated an “outperform” rating and issued a $450.00 price objective on shares of Visa in a report on Tuesday, June 2nd. Citigroup dropped their target price on shares of Visa from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Oppenheimer reaffirmed an “outperform” rating and set a $403.00 target price (up from $391.00) on shares of Visa in a research note on Wednesday, April 29th. Finally, Truist Financial set a $371.00 price target on shares of Visa and gave the company a “buy” rating in a research report on Tuesday, May 12th. Six investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Visa presently has an average rating of “Buy” and an average target price of $387.78.

Insider Activity

In other Visa news, CFO Chris Suh sold 10,639 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total value of $3,455,653.59. Following the sale, the chief financial officer owned 9,872 shares in the company, valued at approximately $3,206,524.32. This represents a 51.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 31,455 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $340.14, for a total transaction 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. This represents 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. Insiders own 0.12% of the company’s stock.

Visa Price Performance

V opened at $336.96 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.64. The company has a market cap of $604.43 billion, a price-to-earnings ratio of 29.35, a price-to-earnings-growth ratio of 1.80 and a beta of 0.77. The stock has a fifty day simple moving average of $323.36 and a two-hundred day simple moving average of $324.30. Visa Inc. has a 12-month low of $293.89 and a 12-month high of $359.66.

Visa (NYSE:V) last announced its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.21. The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.75 billion. Visa had a net margin of 51.68% and a return on equity of 65.00%. The company’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.76 EPS. Research analysts predict that Visa Inc. will post 13.09 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors 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 dividend payout ratio (DPR) is 23.34%.

Visa declared that its board has authorized a share buyback plan on Tuesday, April 28th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the credit-card processor to reacquire up to 3.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are 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.