Visa Inc. $V Stock: Verdence Capital Advisors LLC Increases Position

Verdence Capital Advisors LLC raised its stake in shares of Visa Inc. (NYSE:V) by 37.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,809 shares of the credit-card processor’s stock after purchasing an additional 17,495 shares during the quarter. Visa comprises 1.0% of Verdence Capital Advisors LLC’s holdings, making the stock its 21st biggest position. Verdence Capital Advisors LLC’s holdings in Visa were worth $22,929,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in V. XXEC Inc. raised its stake in Visa by 153,118.8% in the 2nd quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor’s stock worth $63,904,097,000 after acquiring an additional 186,138,883 shares during the last quarter. State Street Corp lifted its position in Visa by 0.7% during the 2nd quarter. State Street Corp now owns 82,872,209 shares of the credit-card processor’s stock worth $28,432,626,000 after acquiring an additional 566,194 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Visa by 13.0% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,720,068 shares of the credit-card processor’s stock valued at $5,393,398,000 after purchasing an additional 1,808,496 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Visa by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,842,842 shares of the credit-card processor’s stock valued at $2,672,655,000 after purchasing an additional 316,559 shares during the last quarter. Finally, Amundi increased its holdings in shares of Visa by 16.5% in the second quarter. Amundi now owns 7,714,919 shares of the credit-card processor’s stock valued at $2,646,911,000 after purchasing an additional 1,092,315 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Visa

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 Trading Down 0.8%

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. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $414.60. The stock’s 50 day simple moving average is $377.09 and its two-hundred day simple moving average is $340.89. The firm has a market cap of $721.76 billion, a PE ratio of 34.39, a P/E/G ratio of 1.92 and a beta of 0.77.

Visa (NYSE:V) last issued 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. The business had revenue of $11.63 billion for the quarter, compared to analysts’ expectations of $11.40 billion. Visa had a net margin of 50.78% and a return on equity of 67.68%. The business’s revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the company earned $2.98 EPS. Analysts anticipate that Visa Inc. will post 13.22 earnings per share for the current year.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 5,875 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $358.81, for a total value of $2,108,008.75. Following the completion of the transaction, the chief executive officer directly owned 15,174 shares in the company, valued at $5,444,582.94. The trade was a 27.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie Rottenberg sold 2,028 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $381.35, for a total transaction of $773,377.80. Following the sale, the general counsel directly owned 18,404 shares in the company, valued at $7,018,365.40. This trade represents a 9.93% 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 78,792 shares of company stock worth $28,863,319 in the last three months. Company insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on V shares. TD Cowen restated a “buy” rating and issued a $420.00 price objective (up from $416.00) on shares of Visa in a research note on Wednesday, July 29th. Wolfe Research reaffirmed an “outperform” rating and set a $460.00 target price (up from $435.00) on shares of Visa in a report on Tuesday, August 25th. Rothschild & Co Redburn upped their target price on Visa from $430.00 to $444.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Citigroup reiterated a “buy” rating and issued a $440.00 price target (up from $400.00) on shares of Visa in a report on Wednesday, July 29th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Visa from $400.00 to $430.00 in a report on Wednesday, July 8th. Three equities research analysts have rated the stock with a Strong Buy rating and thirty-four have assigned a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $428.85.

About Visa

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.