Larry Mathis Financial Planning LLC Sells 1,953 Shares of Visa Inc. $V

Larry Mathis Financial Planning LLC decreased its stake in shares of Visa Inc. (NYSE:V) by 77.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 566 shares of the credit-card processor’s stock after selling 1,953 shares during the quarter. Larry Mathis Financial Planning LLC’s holdings in Visa were worth $203,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in V. Philadelphia Investment Partners LLC purchased a new position in Visa during the 2nd quarter worth $29,000. Virtus Advisers LLC purchased a new stake in shares of Visa in the 2nd quarter worth $33,000. Portfolio Resources Advisor Group Inc. purchased a new stake in shares of Visa in the 3rd quarter worth $35,000. Delos Wealth Advisors LLC bought a new position in shares of Visa during the 2nd quarter worth $38,000. Finally, Robinswood Financial LLC bought a new position in shares of Visa during the 1st quarter worth $35,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Visa news, General Counsel Julie B. Rottenberg sold 2,028 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $381.35, for a total transaction of $773,377.80. Following the completion of the sale, the general counsel directly owned 18,404 shares of the company’s stock, valued at approximately $7,018,365.40. This represents a 9.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 5,875 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $358.81, for a total transaction of $2,108,008.75. Following the completion of the sale, the chief executive officer owned 15,174 shares in the company, valued at $5,444,582.94. This represents a 27.91% decrease in their ownership of the stock. 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 78,792 shares of company stock worth $28,863,319. 0.12% of the stock is owned by corporate insiders.

Key Stories Impacting Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Analysts expect fiscal Q4 earnings per share of $3.44 and revenue of $12.08 billion, up from $2.98 and $10.72 billion, respectively, a forecast that supports the prospect of another earnings beat. Visa Analyst Sees AI Agents Strengthening its Digital Payments Business
• Positive Sentiment: Susquehanna raised its price target to $480, citing the potential for AI-powered payment agents to strengthen Visa’s digital-payments business and expand transaction volumes. Visa Analyst Sees AI Agents Strengthening its Digital Payments Business
• Positive Sentiment: Etisalat Money is adding four international transfer capabilities through Visa Direct, expanding Visa’s cross-border payments reach and supporting its broader digital-payments growth strategy. Etisalat Money Adds Visa Direct Services for International Payments
• Positive Sentiment: Long-term investor interest remains supported by expanding digital-payment adoption and global transaction volumes, although Visa’s recent rally has occurred before new financial results. Visa, Mastercard, or American Express: Which Payment Stock Is the Better Buy?

Visa Trading Down 0.8%

Shares of NYSE V opened at $404.48 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $721.76 billion, a P/E ratio of 34.39, a price-to-earnings-growth ratio of 1.92 and a beta of 0.77. Visa Inc. has a 1-year low of $293.89 and a 1-year high of $414.60. The business has a fifty day moving average price of $377.09 and a 200 day moving average price of $340.89.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share 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 company had revenue of $11.63 billion for the quarter, compared to the consensus estimate of $11.40 billion. During the same quarter last year, the company earned $2.98 earnings per share. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. Equities research analysts expect that Visa Inc. will post 13.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on V. Barclays began coverage on Visa in a report on Tuesday, July 7th. They issued an “overweight” rating and a $420.00 price objective for the company. Rothschild & Co Redburn increased their target price on shares of Visa from $430.00 to $444.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Keefe, Bruyette & Woods boosted their price target on shares of Visa from $400.00 to $430.00 in a report on Wednesday, July 8th. The Goldman Sachs Group upped their price target on shares of Visa from $420.00 to $438.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, UBS Group reiterated a “buy” rating and set a $420.00 price objective (up from $410.00) on shares of Visa in a research note on Wednesday, July 29th. Three investment analysts have rated the stock with a Strong Buy rating and thirty-four have given a Buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $428.85.

About Visa

Visa Inc (NYSE: V) is a global payments technology company that facilitates electronic payments between consumers, businesses, financial institutions and governments. Through its VisaNet network, the company authorizes, clears and settles transactions made with Visa-branded credit, debit and prepaid cards, while generally not issuing cards, extending credit or setting cardholder account terms.

Visa provides payment products and services for consumer, commercial and government payments, as well as digital commerce and money movement.