Primecap Management Co. CA Raises Holdings in Visa Inc. $V

Primecap Management Co. CA grew its stake in shares of Visa Inc. (NYSE:V) by 5.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,268,491 shares of the credit-card processor’s stock after acquiring an additional 208,290 shares during the quarter. Visa comprises approximately 0.9% of Primecap Management Co. CA’s investment portfolio, making the stock its 24th largest holding. Primecap Management Co. CA’s holdings in Visa were worth $1,464,477,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of V. Palisade Capital Management LP boosted its stake in Visa by 2.1% in the 2nd quarter. Palisade Capital Management LP now owns 85,051 shares of the credit-card processor’s stock worth $29,180,000 after purchasing an additional 1,751 shares in the last quarter. Cooper Haims Advisors LLC grew its position in Visa by 7.9% during the 2nd quarter. Cooper Haims Advisors LLC now owns 1,992 shares of the credit-card processor’s stock worth $684,000 after purchasing an additional 145 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Visa by 86.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,718,240 shares of the credit-card processor’s stock valued at $589,511,000 after purchasing an additional 798,181 shares in the last quarter. Kapitalo Investimentos Ltda increased its stake in Visa by 362.8% during the 2nd quarter. Kapitalo Investimentos Ltda now owns 4,952 shares of the credit-card processor’s stock valued at $1,699,000 after purchasing an additional 3,882 shares in the last quarter. Finally, Castleark Management LLC raised its holdings in shares of Visa by 53.5% in the second quarter. Castleark Management LLC now owns 236,166 shares of the credit-card processor’s stock worth $81,026,000 after buying an additional 82,340 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Tullier Kelly Mahon sold 57,272 shares of the business’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $364.97, for a total value of $20,902,561.84. Following the completion of the transaction, the insider owned 49,662 shares of the company’s stock, valued at $18,125,140.14. The trade was a 53.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total value of $729,720.00. Following the completion of the transaction, the general counsel directly owned 18,404 shares of the company’s stock, valued at approximately $6,625,440. This trade represents a 9.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 96,634 shares of company stock valued at $34,537,016. Company insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the subject of several research reports. Raymond James Financial reiterated an “outperform” rating and set a $406.00 price objective on shares of Visa in a research note on Wednesday, July 29th. Morgan Stanley reissued an “overweight” rating and issued a $416.00 target price on shares of Visa in a research report on Wednesday, July 29th. Wolfe Research restated an “outperform” rating and issued a $460.00 target price (up from $435.00) on shares of Visa in a research note on Tuesday. Wells Fargo & Company reaffirmed an “overweight” rating and set a $432.00 price target (up from $412.00) on shares of Visa in a research report on Thursday, July 30th. Finally, Erste Group Bank upgraded Visa from a “hold” rating to a “buy” rating in a research note on Monday, July 27th. Seven 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 company currently has a consensus rating of “Buy” and an average price target of $414.54.

More Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa and Mastercard reached fresh records as aggregate U.S. spending remained healthy, despite consumers becoming more selective. Strong payment volumes support Visa’s transaction growth and fee revenue. Visa and Mastercard shares hit fresh records, underscoring a resilient U.S. consumer
• Positive Sentiment: Visa launched a card-present acceptance offering with Bluefin, combining Visa’s global network with Bluefin’s payment-security infrastructure. The partnership could strengthen Visa’s enterprise merchant proposition and support future payment volumes. Visa and Bluefin Introduce Card-Present Acceptance Offering
• Positive Sentiment: European fintech provider payabl. expanded its relationship with Visa to offer Rapid Dispute Resolution tools to merchants in the UK and EU. Automatic dispute resolution may reduce chargebacks and improve merchant retention, reinforcing Visa’s value-added services. payabl. Teams Up with Visa to Help Merchants Quickly Resolve Disputes and Prevent Costly Chargebacks
• Positive Sentiment: Visa joined Singapore’s BLOOM initiative, which aims to connect traditional payment systems with stablecoin settlement networks. The move supports Visa’s positioning in emerging cross-border and digital-payment infrastructure. Visa Joins MAS-Led BLOOM Initiative
• Positive Sentiment: A financial disclosure showed purchases of Visa shares by accounts associated with President Donald Trump, generating additional market attention and perceived confidence in the company. Visa Stock Climbs After Trump Buys Millions in Stock
• Neutral Sentiment: CEO Ryan McInerney will speak at the Goldman Sachs Communacopia + Technology Conference on September 8. Investors may look for updates on spending trends, stablecoins and regulation, but no new guidance was announced. Visa to Participate in Upcoming Investor Conference
• Negative Sentiment: CEO Ryan McInerney sold 5,875 Visa shares worth approximately $2.16 million, reducing his direct ownership by 27.9%. Because the transaction occurred under a pre-arranged Rule 10b5-1 plan, the signal is limited, but insider selling could still attract some investor scrutiny.

Visa Stock Performance

Shares of NYSE V opened at $383.44 on Wednesday. The company has a 50 day simple moving average of $355.90 and a two-hundred day simple moving average of $330.36. The stock has a market cap of $684.23 billion, a price-to-earnings ratio of 32.61, a PEG ratio of 2.05 and a beta of 0.74. 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 $384.20.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share for the quarter, topping 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 firm had revenue of $11.63 billion for the quarter, compared to analyst estimates of $11.40 billion. During the same quarter in the prior year, the business earned $2.98 earnings per share. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. As a group, analysts predict that Visa Inc. will post 13.16 earnings per share for the current year.

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

Visa Announces Dividend

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 annualized dividend 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%.

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.