Visa Inc. $V Shares Sold by EULAV Asset Management

EULAV Asset Management lowered its holdings in Visa Inc. (NYSE:V) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,011 shares of the credit-card processor’s stock after selling 3,012 shares during the period. EULAV Asset Management’s holdings in Visa were worth $18,241,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Arsenal Capital Advisors LLC acquired a new stake in Visa during the 4th quarter valued at $557,000. FLC Capital Advisors grew its holdings in Visa by 2.4% during the 4th quarter. FLC Capital Advisors now owns 2,974 shares of the credit-card processor’s stock valued at $1,043,000 after purchasing an additional 71 shares in the last quarter. Petersen Hastings Wealth Advisors Inc. acquired a new stake in Visa during the 4th quarter valued at $204,000. Parallel Advisors LLC grew its holdings in Visa by 1.8% during the 4th quarter. Parallel Advisors LLC now owns 85,466 shares of the credit-card processor’s stock valued at $29,980,000 after purchasing an additional 1,481 shares in the last quarter. Finally, Explore Capital Management LLC acquired a new stake in Visa during the 4th quarter valued at $8,066,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Lloyd Carney sold 650 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total transaction of $201,253.00. Following the transaction, the director directly owned 2,679 shares in the company, valued at $829,471.98. This trade represents a 19.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 31,455 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $340.14, for a total transaction of $10,699,103.70. Following the sale, the chief executive officer owned 15,174 shares of the company’s stock, valued at approximately $5,161,284.36. The trade was a 67.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 42,744 shares of company stock worth $14,356,010 over the last ninety days. 0.12% of the stock is owned by insiders.

Visa News Summary

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa is testing private stablecoin settlement with Brale on the Canton Network, a proof of concept aimed at enabling institutional payments with more privacy and efficiency. Investors may see this as evidence that Visa is expanding its payments infrastructure into a potentially high-growth use case. Article: Visa tests private stablecoin settlement with Brale, Canton
• Positive Sentiment: Visa’s new partnership with Brale reinforces its stablecoin strategy and suggests the company is actively building tools for institutional blockchain settlement, which could strengthen long-term growth prospects. Article: How Visa Advances Stablecoin Payment Vision With Brale Partnership?
• Positive Sentiment: Reports that Visa, Mastercard, Stripe and others are collaborating on a new stablecoin platform suggest major payments players are validating the opportunity, which may help Visa if the initiative gains merchant traction. Article: Visa Mastercard Stablecoin Push Tests Circle USDC And Rich Valuation
• Neutral Sentiment: Visa also announced leadership appointments in Asia Pacific to support value-added services and Southeast Asia growth, a positive operating update but likely not a major near-term stock driver. Article: Visa Announces Asia Pacific Leadership Appointments to Scale Value-Added Services and Southeast Asia Growth
• Negative Sentiment: News that Visa and Mastercard payments are being halted in Cuba adds a small regional headwind, though the revenue impact is likely limited compared with Visa’s overall global business. Article: Visa, Mastercard payments to be halted in Cuba amid new US sanctions

Visa Price Performance

Shares of V stock opened at $324.03 on Friday. The firm has a market cap of $581.24 billion, a P/E ratio of 28.23, a P/E/G ratio of 1.71 and a beta of 0.77. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09. Visa Inc. has a 1-year low of $293.89 and a 1-year high of $375.51. The firm has a fifty day moving average of $316.53 and a two-hundred day moving average of $324.49.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.21. The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.75 billion. Visa had a net margin of 51.68% and a return on equity of 65.00%. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period last year, the business earned $2.76 EPS. As a group, research analysts anticipate that Visa Inc. will post 13.09 earnings per share for the current fiscal year.

Visa declared that its board has approved a stock buyback plan on Tuesday, April 28th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the credit-card processor to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 12th. Visa’s dividend payout ratio (DPR) is currently 23.34%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on V shares. BMO Capital Markets started coverage on shares of Visa in a report on Tuesday, April 21st. They set an “outperform” rating and a $365.00 price target for the company. Raymond James Financial reaffirmed an “outperform” rating and set a $389.00 price target on shares of Visa in a report on Wednesday, April 29th. Bank of America started coverage on shares of Visa in a report on Thursday, March 5th. They set a “buy” rating and a $410.00 price target for the company. Loop Capital started coverage on shares of Visa in a report on Tuesday, March 31st. They set a “buy” rating and a $387.00 price target for the company. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $400.00 price target on shares of Visa in a report on Wednesday, April 29th. Six research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $387.78.

Visa 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.