Visa Inc. $V is SouthState Bank Corp’s 8th Largest Position

SouthState Bank Corp reduced its stake in Visa Inc. (NYSE:V) by 3.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 155,919 shares of the credit-card processor’s stock after selling 5,536 shares during the period. Visa comprises approximately 2.2% of SouthState Bank Corp’s investment portfolio, making the stock its 8th largest position. SouthState Bank Corp’s holdings in Visa were worth $47,125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the stock. Invariant Investment Management purchased a new position in shares of Visa during the fourth quarter worth $969,000. Nixon Peabody Trust Co. raised its holdings in shares of Visa by 58.1% in the 1st quarter. Nixon Peabody Trust Co. now owns 4,201 shares of the credit-card processor’s stock valued at $1,270,000 after buying an additional 1,543 shares during the period. Vanguard Group Inc. lifted its stake in Visa by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 160,975,832 shares of the credit-card processor’s stock worth $56,455,834,000 after acquiring an additional 1,054,343 shares in the last quarter. Swiss Life Asset Management Ltd lifted its stake in Visa by 4.7% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 527,530 shares of the credit-card processor’s stock worth $180,088,000 after acquiring an additional 23,863 shares in the last quarter. Finally, Savvy Advisors Inc. boosted its holdings in Visa by 30.1% during the 4th quarter. Savvy Advisors Inc. now owns 28,922 shares of the credit-card processor’s stock valued at $10,143,000 after acquiring an additional 6,688 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total value of $729,720.00. Following the sale, the general counsel directly owned 18,404 shares of the company’s stock, valued at approximately $6,625,440. This represents a 9.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 31,455 shares of the firm’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 completion of the sale, the chief executive officer owned 15,174 shares in the company, valued at $5,161,284.36. The trade was a 67.46% decrease in their ownership of the stock. 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. Insiders sold 75,581 shares of company stock worth $25,627,975 over the last 90 days. 0.12% of the stock is owned by insiders.

Visa Trading Down 0.4%

V opened at $356.29 on Wednesday. The business has a fifty day moving average price of $332.02 and a 200 day moving average price of $324.89. 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 12 month low of $293.89 and a 12 month high of $365.02. The stock has a market capitalization of $639.10 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 1.91 and a beta of 0.75.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.21. Visa had a return on equity of 65.00% and a net margin of 51.68%.The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.75 billion. During the same quarter last year, the company earned $2.76 EPS. Visa’s revenue for the quarter was up 17.1% compared to the same quarter last year. Sell-side analysts expect that Visa Inc. will post 13.1 earnings per share for the current fiscal year.

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

Visa Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Piper Sandler started coverage on Visa in a research report on Monday, June 29th. They issued an “overweight” rating and a $394.00 target price for the company. Robert W. Baird set a $412.00 price objective on shares of Visa and gave the company an “outperform” rating in a research note on Monday, July 6th. Sanford C. Bernstein reissued an “outperform” rating and issued a $450.00 price objective on shares of Visa in a research note on Tuesday, June 2nd. Loop Capital initiated coverage on shares of Visa in a report on Tuesday, March 31st. They issued a “buy” rating and a $387.00 price objective for the company. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $400.00 target price on shares of Visa in a research note on Wednesday, April 29th. Seven investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Visa currently has a consensus rating of “Buy” and a consensus target price of $397.91.

Visa News Summary

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa announced a strategic partnership with ACE Money Transfer to expand its cross-border remittance business, which could deepen transaction volume in its global money movement network and support future revenue growth.
• Positive Sentiment: Visa is preparing to launch an AI Financial Assistant for banking apps, with pilots expected soon in the U.S.; this could enhance customer engagement and give financial institutions a new value-added tool built on Visa’s platform.
• Positive Sentiment: Visa’s inclusion alongside Mastercard and Google in the x402 Foundation underscores its relevance in emerging AI payments infrastructure, suggesting the company is positioning itself for agent-driven commerce and new payment rails. Ripple Is Now a Premier Member of the x402 Foundation, Alongside Visa and Mastercard
• Neutral Sentiment: Visa is attracting heavy investor attention and multiple media write-ups today, which may be amplifying trading interest, but these mentions do not add much new fundamental information on their own.
• Negative Sentiment: Some articles raise long-term disruption concerns around AI agents and new payment rails, which could create uncertainty about how quickly Visa will adapt if alternative transaction systems gain traction.

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.