Visa Inc. $V Stock: Fisher Asset Management LLC Decreases Stake

Fisher Asset Management LLC lowered its holdings in Visa Inc. (NYSE:V) by 0.4% in the third quarter, Holdings Channel reports. The firm owned 7,616,817 shares of the credit-card processor’s stock after selling 32,486 shares during the quarter. Fisher Asset Management LLC’s holdings in Visa were worth $2,736,951,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. XXEC Inc. grew its holdings 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 acquiring an additional 186,138,883 shares in the last quarter. State Street Corp raised its holdings in Visa by 0.7% during the second 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Visa by 13.0% during the second 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 worth $5,393,398,000 after acquiring an additional 1,808,496 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Visa by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 8,842,842 shares of the credit-card processor’s stock worth $2,672,655,000 after acquiring an additional 316,559 shares in the last quarter. Finally, Amundi boosted its position in Visa by 16.5% during 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 last quarter. 82.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

V has been the subject of a number of analyst reports. Morgan Stanley restated an “overweight” rating and issued a $471.00 price target (up from $416.00) on shares of Visa in a research note on Wednesday, October 28th. Argus increased their price objective on Visa from $396.00 to $420.00 and gave the company a “buy” rating in a report on Friday, July 31st. The Goldman Sachs Group increased their price target on shares of Visa from $420.00 to $438.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $500.00 price target (up from $445.00) on shares of Visa in a research note on Wednesday, October 28th. Finally, Rothschild & Co Redburn lifted their price objective on shares of Visa from $430.00 to $444.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating and thirty-five have issued a Buy rating to the stock. According to data from MarketBeat, Visa currently has a consensus rating of “Buy” and an average target price of $443.35.

Visa Price Performance

NYSE:V opened at $420.26 on Friday. Visa Inc. has a 12-month low of $293.89 and a 12-month high of $442.23. The firm has a market capitalization of $749.92 billion, a price-to-earnings ratio of 34.08, a P/E/G ratio of 1.81 and a beta of 0.80. The stock’s 50 day moving average price is $389.44 and its two-hundred day moving average price is $346.62. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share for the quarter, beating analysts’ consensus estimates of $3.44 by $0.04. Visa had a return on equity of 70.50% and a net margin of 51.20%. The business had revenue of $12.14 billion for the quarter, compared to analysts’ expectations of $12.09 billion. During the same quarter in the prior year, the business earned $2.98 EPS. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, analysts anticipate that Visa Inc. will post 15.02 earnings per share for the current year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 10th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Visa’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, November 10th. Visa’s dividend payout ratio (DPR) is presently 25.30%.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 5,875 shares of the stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $416.22, for a total value of $2,445,292.50. Following the transaction, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at $6,315,722.28. This represents a 27.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 dated Monday, August 31st. The shares were sold at an average price of $381.35, for a total transaction of $773,377.80. Following the completion of the transaction, the general counsel directly owned 18,404 shares in the company, valued at $7,018,365.40. The trade was a 9.93% decrease in their ownership of the stock. 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 a total of 32,663 shares of company stock worth $12,634,720 over the last ninety days. Insiders own 0.12% of the company’s stock.

Key Visa News

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

• 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
• Positive Sentiment: Analyst coverage remains supportive: Bernstein maintained an Outperform rating and raised its price target to $486, while Citigroup reportedly raised its target to $490 and kept a Buy rating. Bernstein analyst recommendations
• 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

Visa Profile

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.