Cane Capital Partners LLC Buys 3,707 Shares of Visa Inc. $V

Cane Capital Partners LLC raised its holdings in shares of Visa Inc. (NYSE:V) by 100.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 7,388 shares of the credit-card processor’s stock after purchasing an additional 3,707 shares during the period. Visa accounts for about 1.0% of Cane Capital Partners LLC’s portfolio, making the stock its 26th largest position. Cane Capital Partners LLC’s holdings in Visa were worth $2,233,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Invariant Investment Management purchased a new position in shares of Visa in the 4th quarter valued at about $969,000. Vanguard Group Inc. grew its position in shares of Visa by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 160,975,832 shares of the credit-card processor’s stock valued at $56,455,834,000 after buying an additional 1,054,343 shares during the last quarter. Swiss Life Asset Management Ltd grew its holdings in shares of Visa by 4.7% during the third quarter. Swiss Life Asset Management Ltd now owns 527,530 shares of the credit-card processor’s stock worth $180,088,000 after purchasing an additional 23,863 shares during the last quarter. Savvy Advisors Inc. increased its position in Visa by 30.1% during the fourth quarter. Savvy Advisors Inc. now owns 28,922 shares of the credit-card processor’s stock worth $10,143,000 after buying an additional 6,688 shares during the period. Finally, Ticino Wealth acquired a new position in shares of Visa in the 4th quarter valued at $1,837,000. 82.15% of the stock is owned by institutional investors.

Visa Trading Up 2.9%

Shares of V stock opened at $361.31 on Friday. The firm’s 50 day moving average price is $326.17 and its two-hundred day moving average price is $324.64. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.64. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $362.13. The stock has a market cap of $648.10 billion, a price-to-earnings ratio of 31.47, a price-to-earnings-growth ratio of 1.87 and a beta of 0.75.

Visa (NYSE:V) last announced its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.21. The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.75 billion. Visa had a return on equity of 65.00% and a net margin of 51.68%.Visa’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.76 EPS. On average, analysts anticipate that Visa Inc. will post 13.1 EPS for the current year.

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

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, May 12th. Visa’s payout ratio is currently 23.34%.

Insider Buying and Selling

In other news, CFO Chris Suh sold 10,639 shares of the firm’s 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 transaction, the chief financial officer owned 9,872 shares in the company, valued at approximately $3,206,524.32. This trade represents a 51.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 10,490 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $343.99, for a total value of $3,608,455.10. Following the sale, the chief executive officer owned 15,174 shares of the company’s stock, valued at $5,219,704.26. This trade represents a 40.87% 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. Over the last ninety days, insiders sold 73,554 shares of company stock valued at $24,898,255. 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: Visa is a key participant in the new Open USD stablecoin initiative, alongside firms such as Stripe, BlackRock and Coinbase, which reinforces its role in digital payments infrastructure and could expand future transaction volume. Is V Stock a Long-Term Payments Opportunity After Sector Valuation Decline?
• Positive Sentiment: Piper Sandler initiated coverage on Visa with an Overweight rating and a $394 price target, adding to a broader pattern of bullish analyst sentiment. Visa Stock Surges 12.4% in a Month: Time to Buy, Hold or Sell?
• Positive Sentiment: Visa launched its Threat Intelligence Platform, a cybersecurity tool aimed at helping banks detect threats earlier and reduce fraud, which could strengthen its network value proposition. Visa announces Visa Threat Intelligence Platform to strengthen cyber and fraud defence
• Positive Sentiment: Visa completed live agentic payment transactions with partners including Worldline, ING and BBVA, highlighting early traction in AI-enabled payments and potential long-term growth in transaction services. Worldline, ING and Visa complete a live agentic payment transaction in Europe
• Positive Sentiment: Visa’s recent quarterly results beat expectations, with EPS of $3.31 versus $3.10 expected and revenue up 17.1% year over year, supporting confidence in the company’s earnings power. Visa stock profile and earnings summary
• Neutral Sentiment: CEO Ryan McInerney sold shares under a pre-arranged 10b5-1 plan, which may draw some attention but is not necessarily a negative signal on its own. SEC filing for CEO stock sale

Analyst Ratings Changes

Several analysts have commented on V shares. Bank of America began coverage on Visa in a research note on Thursday, March 5th. They set a “buy” rating and a $410.00 price objective for the company. Weiss Ratings lowered shares of Visa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 16th. Citigroup cut their price target on Visa from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Piper Sandler assumed coverage on Visa in a research note on Monday. They issued an “overweight” rating and a $394.00 target price on the stock. Finally, Oppenheimer reiterated an “outperform” rating and set a $403.00 price target (up from $391.00) on shares of Visa in a report on Wednesday, April 29th. Seven analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $397.96.

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.