Visa (NYSE:V) Shares Up 1.8% – Here’s Why

Visa Inc. (NYSE:V) traded up 1.8% on Thursday. The company traded as high as $368.21 and last traded at $367.9510. 4,406,507 shares were traded during trading, a decline of 43% from the average daily volume of 7,698,112 shares. The stock had previously closed at $361.52.

More Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Travel ecosystem expansion: Visa’s partnership with Klook across Singapore, Malaysia, Thailand, Indonesia, the Philippines and Vietnam is intended to drive card usage through travel experiences, bookings and targeted offers in a fast-growing Southeast Asian market. Can Visa’s Klook Deal Expand Its Travel Ecosystem in Southeast Asia?
• Positive Sentiment: New payment and technology partnerships: The ai Corporation expanded its relationship with Visa for fleet fueling and electric-vehicle charging payments. Separately, Vietnam Airlines signed an agreement with Visa and Amazon Web Services covering payments, travel, technology and data, potentially supporting transaction growth and Visa’s digital-transformation strategy. The ai Corporation Expands Its Relationship With Visa
• Positive Sentiment: AI-enabled commerce: Cleverbridge completed France’s first live AI agent-initiated payment with Visa and Revolut using passkey authentication. The transaction highlights Visa’s involvement in emerging autonomous-commerce standards, although near-term financial impact is likely limited. Cleverbridge Completes First Live AI Agent-Initiated Payment
• Neutral Sentiment: Analyst support: Brokerages gave Visa an average “Buy” rating, providing a favorable backdrop for the stock but not representing a new earnings catalyst. Visa Given Average Rating of Buy
• Neutral Sentiment: Stablecoin settlement: SoFi is moving its card program—more than $25 billion in expected annualized volume—to Mastercard settlement using its SoFiUSD stablecoin. Stablecoins could eventually displace parts of traditional banking settlement, but the development currently appears to complement rather than eliminate Visa and Mastercard’s consumer-facing networks. SoFi Moves Card Program to Stablecoin Settlement
• Negative Sentiment: ATM-fee settlement: Visa and Mastercard will fund a $167.5 million settlement for eligible consumers charged unreimbursed independent ATM fees. The payment is manageable relative to Visa’s scale, but adds a legal cost and highlights ongoing regulatory and litigation exposure. Visa and Mastercard ATM Fee Settlement

Analyst Ratings Changes

V has been the subject of a number of research reports. Truist Financial set a $406.00 price objective on shares of Visa and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Morgan Stanley reissued an “overweight” rating and set a $416.00 target price (up from $415.00) on shares of Visa in a research report on Wednesday, July 29th. Erste Group Bank upgraded shares of Visa from a “hold” rating to a “buy” rating in a report on Monday, July 27th. UBS Group reaffirmed a “buy” rating and issued a $420.00 price target (up from $410.00) on shares of Visa in a research report on Wednesday, July 29th. Finally, TD Cowen reissued a “buy” rating and set a $420.00 price objective (up from $416.00) on shares of Visa in a report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Strong Buy rating and thirty-four have assigned a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $425.21.

Visa Price Performance

The firm has a market capitalization of $656.58 billion, a P/E ratio of 31.29, a P/E/G ratio of 1.94 and a beta of 0.76. The stock’s fifty day simple moving average is $368.05 and its 200 day simple moving average is $338.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.99.

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

Visa Dividend Announcement

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

Insider Buying and Selling at Visa

In other Visa news, insider Tullier Mahon sold 57,272 shares of the firm’s stock in a transaction dated 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 5,875 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $379.65, for a total transaction of $2,230,443.75. Following the sale, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $5,760,809.10. This represents a 27.91% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 106,404 shares of company stock worth $38,228,528. 0.12% of the stock is owned by insiders.

Institutional Trading of Visa

A number of hedge funds and other institutional investors have recently made changes to their positions in V. Philadelphia Investment Partners LLC acquired a new stake in Visa during the 2nd quarter worth about $29,000. Virtus Advisers LLC acquired a new position in Visa in the second quarter valued at approximately $33,000. Copos Capital S.a r.l. purchased a new stake in Visa in the 4th quarter worth approximately $35,000. Delos Wealth Advisors LLC acquired a new stake in shares of Visa during the 2nd quarter worth approximately $38,000. Finally, Robinswood Financial LLC purchased a new position in shares of Visa during the 1st quarter valued at approximately $35,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Company 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.