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

Verdence Capital Advisors LLC raised its holdings in Visa Inc. (NYSE:V) by 37.8% during the 3rd quarter, Holdings Channel reports. The firm owned 63,809 shares of the credit-card processor’s stock after buying an additional 17,495 shares during the quarter. Visa makes up about 1.0% of Verdence Capital Advisors LLC’s holdings, making the stock its 21st largest holding. Verdence Capital Advisors LLC’s holdings in Visa were worth $22,929,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Philadelphia Investment Partners LLC acquired a new position in Visa during the second quarter worth $29,000. Virtus Advisers LLC purchased a new position in Visa during the second quarter valued at $33,000. Portfolio Resources Advisor Group Inc. purchased a new position in Visa during the third quarter valued at $35,000. Delos Wealth Advisors LLC purchased a new position in Visa during the second quarter valued at $38,000. Finally, Robinswood Financial LLC acquired a new stake in shares of Visa in the first quarter valued at about $35,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Visa

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

More Visa News

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?

Analysts Set New Price Targets

A number of research firms have recently commented on V. BNP Paribas Exane boosted their target price on shares of Visa from $420.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Evercore raised their price target on shares of Visa from $350.00 to $370.00 in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $430.00 price objective on shares of Visa in a report on Wednesday, July 29th. Bank of America boosted their price objective on Visa from $410.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, Citigroup reiterated a “buy” rating and set a $440.00 price objective (up from $400.00) on shares of Visa in a research note on Wednesday, July 29th. Three analysts have rated the stock with a Strong Buy rating and thirty-four have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $428.85.

Visa Trading Down 0.8%

Shares of V stock opened at $404.48 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $721.76 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 1.92 and a beta of 0.77. The company has a 50-day moving average of $377.09 and a two-hundred day moving average of $340.89. Visa Inc. has a 1-year low of $293.89 and a 1-year high of $414.60.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.09. The business had revenue of $11.63 billion during 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 for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the business earned $2.98 earnings per share. On average, analysts predict that Visa Inc. will post 13.22 EPS for the current year.

Visa Company Profile

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.