Visa Inc. $V Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lowered its position in Visa Inc. (NYSE:V) by 0.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,616,817 shares of the credit-card processor’s stock after selling 32,486 shares during the period. Fisher Asset Management LLC owned 0.43% of Visa worth $2,736,951,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank Pictet & Cie Europe AG increased its position in Visa by 0.9% in the third quarter. Bank Pictet & Cie Europe AG now owns 606,500 shares of the credit-card processor’s stock worth $217,934,000 after purchasing an additional 5,568 shares during the period. CFC Planning Co LLC lifted its position in Visa by 13.7% during the 3rd quarter. CFC Planning Co LLC now owns 13,305 shares of the credit-card processor’s stock valued at $4,781,000 after purchasing an additional 1,607 shares during the period. Vega Investment Solutions acquired a new position in Visa during the 2nd quarter valued at about $829,000. Brooklands Fund Management Ltd acquired a new position in Visa during the 3rd quarter valued at about $5,291,000. Finally, XXEC Inc. boosted its stake in shares of Visa by 153,118.8% in the 2nd quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor’s stock valued at $63,904,097,000 after purchasing an additional 186,138,883 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Down 1.2%

Visa stock opened at $420.26 on Friday. The firm has a market capitalization of $749.92 billion, a price-to-earnings ratio of 34.08, a PEG ratio of 1.81 and a beta of 0.80. The company’s 50 day simple moving average is $389.44 and its 200 day simple moving average is $346.62. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.97 and a quick ratio of 0.97. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $442.23.

Visa (NYSE:V) last posted its earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.04. The company had revenue of $12.14 billion for the quarter, compared to analyst estimates of $12.09 billion. Visa had a net margin of 51.20% and a return on equity of 70.50%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the business posted $2.98 earnings per share. As a group, sell-side analysts anticipate that Visa Inc. will post 15.02 EPS for the current year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 10th will be given a $0.78 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from Visa’s previous quarterly dividend of $0.67. Visa’s dividend payout ratio is currently 25.30%.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 3,401 shares of the business’s stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $423.09, for a total value of $1,438,929.09. Following the completion of the transaction, the insider directly owned 33,913 shares in the company, valued at approximately $14,348,251.17. The trade was a 9.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie B. Rottenberg sold 1,867 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $423.00, for a total value of $789,741.00. Following the completion of the transaction, the general counsel owned 18,404 shares of the company’s stock, valued at $7,784,892. This represents a 9.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 32,663 shares of company stock worth $12,634,720 in the last quarter. Corporate insiders own 0.12% of the company’s stock.

Latest Visa News

These are some of the V news items that stood out recently:

• Positive Sentiment: Visa and Anchorage Digital are enabling eligible partners to settle VisaNet obligations using Western Union’s USDPT stablecoin. Visa also added the Monad blockchain to its stablecoin settlement program, expanding settlement options as it develops digital-asset services. Visa expands stablecoin services with Anchorage
• Positive Sentiment: Visa is extending everyday payment use cases: AviaGames players can receive eligible game payouts directly to Visa cards, while an Octopus partnership expands Visa QR-payment acceptance at merchants across Hong Kong. These integrations could support transaction activity and Visa’s reach. AviaGames payout collaboration Visa and Octopus expand QR payments
• Neutral Sentiment: Visa executives Paul Fabara and Julie Rottenberg recently sold shares, but both transactions were under pre-arranged Rule 10b5-1 plans, and each retained a substantial holding. The planned nature of the sales makes them a less direct signal of near-term expectations. Paul Fabara SEC filing

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Citigroup lifted their price target on shares of Visa from $440.00 to $490.00 and gave the stock a “buy” rating in a research report on Tuesday. Deutsche Bank reiterated a “buy” rating and set a $430.00 target price on shares of Visa in a research report on Wednesday, July 29th. Morgan Stanley restated an “overweight” rating and issued a $471.00 price target (up from $416.00) on shares of Visa in a research report on Wednesday, October 28th. President Capital lifted their price objective on Visa from $411.00 to $474.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Finally, Oppenheimer upped their price objective on Visa from $403.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating and thirty-five have assigned a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $443.35.

About Visa

Visa Inc. operates a global payments network that connects consumers, merchants, financial institutions and governments. Its network supports the authorization, clearing and settlement of electronic payments, including transactions made in person and online. The company’s services include payment processing, fraud prevention, identity and risk management, and money-transfer solutions such as Visa Direct. Visa-branded credit, debit and prepaid cards are issued by participating financial institutions; Visa generally provides the network and related services rather than issuing cards or extending credit directly to consumers.