Envestnet Portfolio Solutions Inc. Boosts Holdings in Visa Inc. $V

Envestnet Portfolio Solutions Inc. increased its position in Visa Inc. (NYSE:V) by 21.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 153,432 shares of the credit-card processor’s stock after purchasing an additional 27,224 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Visa were worth $52,629,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in V. Philadelphia Investment Partners LLC purchased a new stake in shares of Visa during the second quarter valued at approximately $29,000. Virtus Advisers LLC purchased a new position in Visa in the second quarter worth about $33,000. Copos Capital S.a r.l. bought a new stake in Visa during the fourth quarter valued at approximately $35,000. Delos Wealth Advisors LLC bought a new stake in shares of Visa during the 2nd quarter valued at $38,000. Finally, Robinswood Financial LLC purchased a new stake in Visa in the first quarter worth about $35,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, General Counsel Julie Rottenberg sold 1,867 shares of Visa stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $368.34, for a total value of $687,690.78. Following the completion of the transaction, the general counsel owned 18,404 shares in the company, valued at approximately $6,778,929.36. The trade was a 9.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Tullier Mahon sold 57,272 shares of Visa stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $364.97, for a total value of $20,902,561.84. Following the completion of the transaction, the insider owned 49,662 shares of the company’s stock, valued at approximately $18,125,140.14. This trade represents a 53.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 106,404 shares of company stock valued at $38,228,528 in the last ninety days. Insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on V shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $430.00 price objective on shares of Visa in a research report on Wednesday, July 29th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $450.00 target price on shares of Visa in a research report on Tuesday, June 2nd. BMO Capital Markets boosted their target price on Visa from $387.00 to $405.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Clear Str upgraded Visa to a “strong-buy” rating in a report on Thursday, July 16th. Finally, Robert W. Baird lifted their price objective on Visa from $412.00 to $420.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Seven analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the company’s stock. According to MarketBeat.com, Visa has an average rating of “Buy” and an average target price of $416.62.

Visa Price Performance

Shares of Visa stock traded down $0.67 during trading hours on Wednesday, reaching $361.37. The company’s stock had a trading volume of 5,125,151 shares, compared to its average volume of 7,716,233. The firm has a 50 day moving average price of $367.93 and a 200-day moving average price of $337.88. Visa Inc. has a one year low of $293.89 and a one year high of $385.57. 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 cap of $644.84 billion, a P/E ratio of 30.73, a P/E/G ratio of 1.98 and a beta of 0.76.

Visa (NYSE:V) last announced its quarterly earnings results 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. The firm had revenue of $11.63 billion during the quarter, compared to the consensus estimate of $11.40 billion. Visa had a net margin of 50.78% and a return on equity of 67.68%. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.98 EPS. On average, analysts predict that Visa Inc. will post 13.16 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were given a dividend of $0.67 per share. The ex-dividend date was Tuesday, August 11th. This represents a $2.68 dividend on an annualized basis and a yield of 0.7%. Visa’s dividend payout ratio is 22.79%.

Key Stories Impacting Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Brokerages maintain an average “Buy” rating on Visa, supporting investor confidence in the company’s earnings outlook and long-term growth prospects. Visa Inc. Given Average Rating of Buy by Brokerages
• Positive Sentiment: Visa and travel-platform Klook signed a memorandum of understanding covering six Southeast Asian markets. The agreement is expected to support card usage through travel offers, creator programs and in-destination promotions, although it does not disclose a material financial commitment. Klook and Visa Partner Across Six Southeast Asian Markets
• Positive Sentiment: Visa is supporting Moov’s new Moov Money real-time person-to-person payment service, expanding the potential use of eligible Visa debit cards for digital money transfers. Visa and Mastercard Help Moov Launch P2P Payment Solution
• Positive Sentiment: Visa’s blockchain strategy is gaining attention after reportedly processing $20 billion in stablecoin transactions and joining Circle’s Arc blockchain as a founding validator. The move could strengthen Visa’s position in stablecoin infrastructure and digital settlement services. Visa Settled $20B in Stablecoins
• Positive Sentiment: UPT plans to use Visa’s Currencycloud and Visa Direct capabilities to offer corporate customers virtual euro and pound IBANs, potentially increasing cross-border payment volume and services revenue. UPT to Launch Virtual IBAN Service

Visa Profile

Visa Inc is a global payments technology company that operates one of the world’s largest electronic payment networks. The company connects consumers, businesses, financial institutions and governments, enabling transactions through credit, debit, prepaid and commercial payment products. Visa generally does not issue cards, extend credit or set consumer interest rates; instead, it provides the network, technology and services that support payments.

Visa’s products and services include Visa-branded cards, digital payment solutions, tokenization, fraud prevention, risk management, data analytics and payment acceptance tools.