Illinois Municipal Retirement Fund Purchases 13,425 Shares of Visa Inc. $V

Illinois Municipal Retirement Fund grew its position in shares of Visa Inc. (NYSE:V) by 9.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 162,824 shares of the credit-card processor’s stock after acquiring an additional 13,425 shares during the quarter. Visa accounts for 0.6% of Illinois Municipal Retirement Fund’s holdings, making the stock its 19th biggest position. Illinois Municipal Retirement Fund’s holdings in Visa were worth $49,212,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Clayton Financial Group LLC increased its stake in Visa by 446.2% in the 4th quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock valued at $25,000 after buying an additional 58 shares during the last quarter. Parvin Asset Management LLC boosted its stake in shares of Visa by 200.0% during the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after buying an additional 50 shares during the last quarter. PayPay Securities Corp boosted its stake in shares of Visa by 102.7% during the 4th quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock worth $26,000 after buying an additional 38 shares during the last quarter. Cresta Advisors Ltd. bought a new position in shares of Visa in the 4th quarter valued at about $26,000. Finally, Dorato Capital Management bought a new position in shares of Visa in the 4th quarter valued at about $30,000. 82.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on V shares. Morgan Stanley reiterated an “overweight” rating and set a $415.00 target price on shares of Visa in a report on Wednesday, April 29th. Evercore set a $350.00 price target on Visa in a research note on Wednesday, April 29th. Raymond James Financial reaffirmed an “outperform” rating and set a $389.00 price target on shares of Visa in a research report on Wednesday, April 29th. UBS Group upped their price objective on Visa from $390.00 to $410.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Robert W. Baird set a $412.00 price objective on Visa and gave the company an “outperform” rating in a report on Monday, July 6th. Six research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Visa presently has a consensus rating of “Buy” and an average target price of $398.87.

Key Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa expanded its AI payments push through the rollout of an “AI Financial Assistant” that banks can embed in their apps, giving cardholders conversational financial guidance and strengthening Visa’s fee-generating value-added services business. Visa Readies Rollout of AI Financial Assistant for Banking Apps
• Positive Sentiment: Visa’s Agentic Ready program picked up another partner, Thredd, which will help European issuers process AI-initiated payments without replacing their existing infrastructure, signaling broader adoption of Visa’s next-generation payment rails. Thredd Joins Visa Agentic Ready Program to Power AI Payments for European Issuers
• Positive Sentiment: Visa is also deepening its cross-border remittance business through its partnership with ACE Money Transfer, which could support transaction growth and international money movement volume. Can Visa Deepen Its Remittance Business Through ACE Partnership?
• Neutral Sentiment: Commentary around Visa’s involvement in crypto, stablecoins, and tokenized finance suggests the company remains central to the evolution of digital payments, but these developments are still early and not yet a clear earnings driver.

Insider Activity

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $360.00, for a total transaction of $729,720.00. Following the completion of the transaction, the general counsel directly owned 18,404 shares in the company, valued at approximately $6,625,440. The trade was a 9.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chris Suh sold 10,639 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total value of $3,455,653.59. Following the transaction, the chief financial officer directly owned 9,872 shares in the company, valued at $3,206,524.32. The trade was a 51.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 75,581 shares of company stock valued at $25,627,975 over the last three months. Insiders own 0.12% of the company’s stock.

Visa Stock Down 0.1%

Visa stock opened at $355.71 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09. The company’s 50-day moving average is $332.76 and its 200-day moving average is $324.90. The firm has a market capitalization of $638.05 billion, a PE ratio of 30.98, a P/E/G ratio of 1.90 and a beta of 0.75. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $365.02.

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

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 12th. Visa’s dividend payout ratio (DPR) is presently 23.34%.

Visa declared that its Board of Directors 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 purchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors 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.