Visa Inc. $V Shares Acquired by Provident Trust Co.

Provident Trust Co. lifted its holdings in shares of Visa Inc. (NYSE:V) by 0.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,183,146 shares of the credit-card processor’s stock after buying an additional 3,298 shares during the period. Visa accounts for approximately 8.5% of Provident Trust Co.’s holdings, making the stock its 5th biggest position. Provident Trust Co.’s holdings in Visa were worth $405,926,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Davidson Investment Advisors lifted its holdings in Visa by 17.0% in the second quarter. Davidson Investment Advisors now owns 102,129 shares of the credit-card processor’s stock worth $35,039,000 after acquiring an additional 14,874 shares during the last quarter. Cookson Peirce & Co. Inc. raised its position in shares of Visa by 37.7% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 6,581 shares of the credit-card processor’s stock worth $2,258,000 after purchasing an additional 1,801 shares during the period. Nichols & Pratt Advisers LLP MA lifted its holdings in shares of Visa by 0.8% in the 2nd quarter. Nichols & Pratt Advisers LLP MA now owns 8,767 shares of the credit-card processor’s stock worth $3,008,000 after purchasing an additional 70 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Visa by 5.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 611,908 shares of the credit-card processor’s stock valued at $209,939,000 after purchasing an additional 32,645 shares during the period. Finally, Rational Advisors Inc. boosted its position in Visa by 530.8% during the 2nd quarter. Rational Advisors Inc. now owns 8,100 shares of the credit-card processor’s stock valued at $2,779,000 after purchasing an additional 6,816 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Performance

Shares of NYSE V opened at $381.66 on Friday. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $385.57. The firm has a market cap of $681.05 billion, a P/E ratio of 32.45, a PEG ratio of 2.04 and a beta of 0.74. The stock has a fifty day moving average price of $359.07 and a two-hundred day moving average price of $331.43. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 0.99.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.09. Visa had a return on equity of 67.68% and a net margin of 50.78%.The company 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 business earned $2.98 EPS. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. Research analysts forecast that Visa Inc. will post 13.16 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 11th. Visa’s dividend payout ratio is presently 22.79%.

Insider Activity

In other news, insider Tullier Kelly Mahon sold 57,272 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $364.97, for a total transaction of $20,902,561.84. Following the completion of the transaction, the insider owned 49,662 shares in the company, valued at approximately $18,125,140.14. This trade represents a 53.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 20,970 shares of Visa stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $340.25, for a total transaction of $7,135,042.50. Following the completion of the transaction, the chief executive officer owned 15,174 shares in the company, valued at approximately $5,162,953.50. This trade represents a 58.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 96,634 shares of company stock worth $34,537,016. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on V shares. UBS Group reaffirmed a “buy” rating and issued a $420.00 target price (up from $410.00) on shares of Visa in a research report on Wednesday, July 29th. Sanford C. Bernstein restated an “outperform” rating and set a $450.00 price target on shares of Visa in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. boosted their target price on shares of Visa from $400.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Morgan Stanley reiterated an “overweight” rating and set a $416.00 price target on shares of Visa in a research report on Wednesday, July 29th. Finally, BNP Paribas Exane raised Visa to a “strong-buy” rating in a report on Tuesday, July 21st. Seven research analysts have rated the stock with a Strong Buy rating and twenty-four have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $414.54.

Key Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Stablecoin and AI-payment partnership: Visa is working with Dunamu, the operator of South Korean cryptocurrency exchange Upbit, to develop stablecoin payments, cross-border remittances, settlement services and AI-powered commerce. The agreement could help Visa build institutional-grade digital-asset payment infrastructure across Asia while connecting cryptocurrency technology with its global network. Upbit operator Dunamu teams up with Visa on stablecoin and AI payments
• Positive Sentiment: Expanded cybersecurity product: Visa upgraded its AI-powered Vulnerability Agentic Harness to identify, remediate and validate cyber vulnerabilities for clients. The broader toolset may strengthen Visa’s value proposition to merchants and financial institutions and support growth in security-related services. Visa Rolls Out AI-Powered Cyber Vulnerability Patching for Clients
• Positive Sentiment: Merchant acceptance expansion: Visa’s partnership with Bluefin combines payment security, transaction routing and device management in a unified card-present platform. The offering could simplify deployment for large merchants, deepen customer relationships and expand Visa’s acceptance solutions. Visa Launches Unified Card Present Payment Platform for Global Merchants
• Positive Sentiment: Institutional endorsement: Bill Ackman’s Pershing Square added Visa and Mastercard during a major portfolio overhaul, providing a favorable signal from a prominent long-term investor. Bill Ackman Just Made His Biggest Portfolio Overhaul in Years
• Neutral Sentiment: Visa restored payment-network access in Syria through a live transaction, but Mastercard reportedly reached the market at nearly the same time, limiting any first-mover advantage. Visa Reopens Syria With One Payment and No Monopoly
• Negative Sentiment: Valuation risk: Visa recently reached a record high before giving up the breakout. With shares trading at roughly 32 times earnings, investors may demand continued strong growth, making the stock vulnerable to profit-taking or disappointing execution. Visa Hits Record, Then Surrenders the Breakout

Visa Company 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.