Blacksheep Fund Management Ltd Sells 100,367 Shares of Visa Inc. $V

Blacksheep Fund Management Ltd decreased its holdings in Visa Inc. (NYSE:V) by 99.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 343 shares of the credit-card processor’s stock after selling 100,367 shares during the period. Visa makes up approximately 5.1% of Blacksheep Fund Management Ltd’s portfolio, making the stock its 4th biggest position. Blacksheep Fund Management Ltd’s holdings in Visa were worth $118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of V. Cresta Advisors Ltd. acquired a new stake in shares of Visa in the fourth quarter worth approximately $26,000. Parvin Asset Management LLC increased its position in Visa by 200.0% during the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after purchasing an additional 50 shares during the last quarter. Philadelphia Investment Partners LLC acquired a new position in Visa during the second quarter worth approximately $29,000. Virtus Advisers LLC purchased a new position in Visa during the second quarter worth approximately $33,000. Finally, RHL Group LLC purchased a new position in Visa during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on V. BMO Capital Markets boosted their price objective on shares of Visa from $387.00 to $405.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Morgan Stanley reaffirmed an “overweight” rating and issued a $416.00 target price on shares of Visa in a research report on Wednesday, July 29th. Wolfe Research reiterated an “outperform” rating and issued a $460.00 target price (up from $435.00) on shares of Visa in a report on Tuesday, August 25th. Piper Sandler reissued an “overweight” rating and set a $430.00 price target (up from $394.00) on shares of Visa in a research report 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 for the company. Seven equities research analysts have rated the stock with a Strong Buy rating and twenty-four have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $416.62.

Visa News Summary

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa launched an enhanced version of A2A Protect, adding real-time risk insights and a unified fraud score powered partly by Featurespace technology. The tool is designed to help banks stop account-to-account fraud before funds leave customer accounts while reducing false alerts, potentially strengthening Visa’s fraud-prevention offerings and relationships with financial institutions. Visa Launches Enhanced A2A Protect Innovations
• Positive Sentiment: Visa and Mastercard reportedly processed their first global payments in Syria, indicating a potential expansion of payment-network activity into a previously limited market. The immediate financial impact is unclear, but broader geographic reach could provide a modest long-term growth opportunity. Visa, Mastercard process first global payments in Syria
• Neutral Sentiment: Visa General Counsel Julie B. Rottenberg sold 2,028 shares worth approximately $773,000 under a pre-arranged Rule 10b5-1 trading plan. Because the sale was scheduled in advance and she retained 18,404 shares, it is a limited signal about management’s view of the stock. Julie B. Rottenberg insider transaction
• Negative Sentiment: Visa has provided approximately 6 million documents to the U.S. Department of Justice in the ongoing debit-card lawsuit. The discovery period has been extended into 2027, with trial currently expected in 2028, prolonging uncertainty around potential regulatory remedies, litigation costs and Visa’s debit-card practices. Visa delivers 6M documents to DOJ

Insider Buying and Selling at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,028 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $381.35, for a total value of $773,377.80. Following the transaction, the general counsel directly owned 18,404 shares of the company’s stock, valued at $7,018,365.40. This trade represents a 9.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 20,970 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $340.25, for a total value of $7,135,042.50. Following the completion of the sale, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at $5,162,953.50. The trade was a 58.02% 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. Insiders have sold 98,662 shares of company stock valued at $35,310,393 over the last three months. 0.12% of the stock is owned by company insiders.

Visa Price Performance

V opened at $372.40 on Wednesday. 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 52-week low of $293.89 and a 52-week high of $385.57. The company has a 50 day moving average of $360.97 and a two-hundred day moving average of $332.13. The company has a market cap of $664.52 billion, a P/E ratio of 31.67, a P/E/G ratio of 2.03 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.09. Visa had a net margin of 50.78% and a return on equity of 67.68%. The company had revenue of $11.63 billion during the quarter, compared to analyst estimates of $11.40 billion. During the same quarter in the prior year, the business earned $2.98 earnings per share. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, analysts expect that Visa Inc. will post 13.16 earnings per share for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 0.7%. The ex-dividend date was Tuesday, August 11th. Visa’s dividend payout ratio is currently 22.79%.

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.