8,606 Shares in Visa Inc. $V Bought by Redwood Investment Management LLC

Redwood Investment Management LLC purchased a new position in shares of Visa Inc. (NYSE:V) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,606 shares of the credit-card processor’s stock, valued at approximately $2,953,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parvin Asset Management LLC boosted its holdings in 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 purchasing an additional 50 shares in the last quarter. Cresta Advisors Ltd. acquired a new stake in shares of Visa in the fourth quarter valued at $26,000. Philadelphia Investment Partners LLC bought a new stake in Visa during the 2nd quarter worth about $29,000. Virtus Advisers LLC bought a new stake in Visa during the 2nd quarter worth about $33,000. Finally, RHL Group LLC acquired a new stake in Visa in the 4th quarter valued at about $34,000. Institutional investors own 82.15% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on V. BNP Paribas Exane upgraded shares of Visa to a “strong-buy” rating in a research report on Tuesday, July 21st. Citigroup reaffirmed a “buy” rating and set a $440.00 price objective (up from $400.00) on shares of Visa in a report on Wednesday, July 29th. UBS Group reiterated a “buy” rating and issued a $420.00 price objective (up from $410.00) on shares of Visa in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $430.00 target price on shares of Visa in a research note on Wednesday, July 29th. Finally, Barclays began coverage on Visa in a research note on Tuesday, July 7th. They set an “overweight” rating and a $420.00 price target on the stock. Seven analysts have rated the stock with a Strong Buy rating and twenty-four have assigned a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $414.54.

Insider Activity at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total transaction of $729,720.00. Following the transaction, the general counsel owned 18,404 shares of the company’s stock, valued at $6,625,440. This trade represents a 9.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Tullier Kelly Mahon sold 57,272 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $364.97, for a total transaction of $20,902,561.84. Following the transaction, the insider owned 49,662 shares of the company’s stock, valued at approximately $18,125,140.14. This represents a 53.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 96,634 shares of company stock worth $34,537,016 in the last ninety days. Company insiders own 0.12% of the company’s stock.

Visa Stock Down 0.2%

Shares of Visa stock opened at $383.47 on Thursday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $385.57. The business has a fifty day simple moving average of $356.96 and a 200 day simple moving average of $330.74. The stock has a market cap of $684.27 billion, a PE ratio of 32.61, a price-to-earnings-growth ratio of 2.06 and a beta of 0.74.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.09. Visa had a return on equity of 67.68% and a net margin of 50.78%.The business had revenue of $11.63 billion during the quarter, compared to the consensus estimate of $11.40 billion. During the same quarter in the prior year, the company posted $2.98 earnings per share. The firm’s revenue was up 14.4% on a year-over-year basis. Research analysts predict that Visa Inc. will post 13.16 EPS for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 11th. Visa’s dividend payout ratio (DPR) is currently 22.79%.

Visa News Summary

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa and Bluefin launched a unified card-present payment platform for global merchants. The offering combines payment acceptance, security and device management, potentially simplifying enterprise deployments, reducing compliance burdens and expanding Visa’s merchant-services opportunity. Visa launches unified card-present payment platform
• Positive Sentiment: Visa joined Singapore’s BLOOM initiative, which is intended to connect traditional payment networks with stablecoin-based settlement rails. The effort could improve cross-border payment efficiency and give Visa an early role in digital-payment interoperability. Visa joins BLOOM initiative
• Positive Sentiment: Growing stablecoin card spending and Visa’s stablecoin initiatives support the company’s longer-term opportunity in digital wallets, cross-border transactions and emerging payment forms. The growth may help Visa remain relevant as payment activity expands beyond conventional cards. Visa BLOOM initiative and digital payments
• Neutral Sentiment: Visa approved KARTY LLC for a FinTech Innovation Award following its Qatar launch. The recognition highlights Visa’s partnerships with fintechs but is unlikely to materially affect near-term financial results. KARTY receives Visa FinTech Innovation Award
• Negative Sentiment: After touching $385.57, Visa surrendered the breakout. Commentary points to profit-taking and investor caution around its roughly 33-times earnings valuation, which makes sustained gains more difficult even though payment volumes remain healthy. Visa hits record then surrenders breakout
• Negative Sentiment: CEO Ryan McInerney sold 5,875 shares worth about $2.16 million under a pre-arranged Rule 10b5-1 plan. The scheduled nature reduces the significance, but the transaction may still attract limited insider-selling scrutiny.

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.