Visa Inc. $V Stock Position Lifted by Tower View Wealth Management LLC

Tower View Wealth Management LLC boosted its position in shares of Visa Inc. (NYSE:V) by 6.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 19,753 shares of the credit-card processor’s stock after purchasing an additional 1,259 shares during the quarter. Visa makes up approximately 3.1% of Tower View Wealth Management LLC’s investment portfolio, making the stock its 10th biggest position. Tower View Wealth Management LLC’s holdings in Visa were worth $7,098,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of V. Pullen Investment Management LLC boosted its position in Visa by 2.5% in the 3rd quarter. Pullen Investment Management LLC now owns 1,939 shares of the credit-card processor’s stock valued at $697,000 after buying an additional 47 shares during the last quarter. Nadler Financial Group Inc. increased its stake in shares of Visa by 2.4% in the 3rd quarter. Nadler Financial Group Inc. now owns 2,511 shares of the credit-card processor’s stock valued at $902,000 after buying an additional 60 shares during the period. Beacon Capital Management LLC raised its position in shares of Visa by 2.0% during the third quarter. Beacon Capital Management LLC now owns 1,283 shares of the credit-card processor’s stock worth $461,000 after acquiring an additional 25 shares during the last quarter. Randolph Co Inc bought a new stake in shares of Visa during the third quarter worth $30,183,000. Finally, Argyle Capital Partners LLC raised its position in shares of Visa by 0.7% during the third quarter. Argyle Capital Partners LLC now owns 3,912 shares of the credit-card processor’s stock worth $1,406,000 after acquiring an additional 27 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Visa News Roundup

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 Price Performance

Visa stock opened at $404.48 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $721.76 billion, a P/E ratio of 34.39, a PEG ratio of 1.92 and a beta of 0.77. The business has a 50-day moving average of $377.09 and a 200-day moving average of $340.89. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $414.60.

Visa (NYSE:V) last announced its quarterly earnings results 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 net margin of 50.78% and a return on equity of 67.68%. The business had revenue of $11.63 billion for the quarter, compared to the consensus estimate of $11.40 billion. During the same period last year, the company posted $2.98 EPS. Visa’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, equities analysts anticipate that Visa Inc. will post 13.22 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on V. Loop Capital upped their price target on Visa from $387.00 to $404.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Wolfe Research reiterated an “outperform” rating and issued a $460.00 price objective (up from $435.00) on shares of Visa in a research report on Tuesday, August 25th. Evercore boosted their price objective on Visa from $350.00 to $370.00 in a report on Wednesday, July 29th. Cantor Fitzgerald set a $445.00 price objective on Visa and gave the stock an “overweight” rating in a report on Monday, August 3rd. Finally, The Goldman Sachs Group upped their target price on shares of Visa from $420.00 to $438.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Three investment analysts have rated the stock with a Strong Buy rating and thirty-four have assigned a Buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $428.85.

Insider Activity at Visa

In other Visa news, General Counsel Julie Rottenberg sold 2,028 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $381.35, for a total value of $773,377.80. Following the completion of the sale, the general counsel 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 5,875 shares of the stock in a transaction on Thursday, October 1st. The stock was 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 approximately $5,444,582.94. This trade 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 90 days, insiders sold 78,792 shares of company stock worth $28,863,319. 0.12% of the stock is currently owned by company insiders.

Visa Company Profile

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.