Hodges Capital Management Inc. Sells 1,475 Shares of Visa Inc. $V

Hodges Capital Management Inc. cut its stake in shares of Visa Inc. (NYSE:V) by 28.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,638 shares of the credit-card processor’s stock after selling 1,475 shares during the period. Hodges Capital Management Inc.’s holdings in Visa were worth $1,100,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Clayton Financial Group LLC boosted its stake in Visa by 446.2% in the 4th quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock valued at $25,000 after purchasing an additional 58 shares during the period. PayPay Securities Corp increased its position in Visa by 102.7% during the 4th quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock worth $26,000 after buying an additional 38 shares during the period. Cresta Advisors Ltd. bought a new position in Visa during the 4th quarter worth $26,000. Parvin Asset Management LLC lifted its holdings in shares of Visa by 200.0% during the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after buying an additional 50 shares in the last quarter. Finally, Dorato Capital Management acquired a new stake in shares of Visa during the fourth quarter worth $30,000. Institutional investors own 82.15% of the company’s stock.

More Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa’s stablecoin analytics showed record June adjusted transaction volume of $1.79 trillion, reinforcing the company’s growing role in digital payments and blockchain-based settlement activity. Stablecoin transaction volume hits record $1.79T in June
• Positive Sentiment: Juniper Research said network tokenisation could secure 2.4 trillion transactions from 2026 to 2030, highlighting a long-term growth tailwind for Visa’s fraud-reduction and payment-security services. Network Tokenisation to Secure 2.4 Trillion Global Transactions Between 2026 and 2030
• Positive Sentiment: Zacks published a bullish view that Visa is poised to beat earnings estimates again, which can help sentiment ahead of the next report. Why Visa (V) is Poised to Beat Earnings Estimates Again
• Positive Sentiment: Another Zacks note called Visa a top long-term stock, reinforcing the bullish case that the company remains a durable compounder. Why Visa (V) is a Top Stock for the Long-Term
• Neutral Sentiment: A Seeking Alpha article said Visa is fundamentally robust but suggested waiting for a better entry point, which is constructive but not a near-term catalyst. Visa Is Fundamentally Robust, But I’ll Wait For Better Entry Points
• Negative Sentiment: Visa General Counsel Julie B. Rottenberg sold 2,027 shares under a pre-arranged 10b5-1 plan, which may slightly pressure sentiment even though the trade was routine and disclosed. Visa stock news

Analyst Ratings Changes

V has been the subject of a number of recent research reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $400.00 target price on shares of Visa in a research report on Wednesday, April 29th. Evercore set a $350.00 price target on shares of Visa in a research report on Wednesday, April 29th. Robert W. Baird set a $412.00 price objective on shares of Visa and gave the stock an “outperform” rating in a research note on Monday. Oppenheimer reissued an “outperform” rating and issued a $403.00 price objective (up from $391.00) on shares of Visa in a report on Wednesday, April 29th. Finally, Weiss Ratings lowered shares of Visa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 16th. Six equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $397.39.

Insider Activity

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the company’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $360.00, for a total transaction of $729,720.00. Following the completion of the sale, the general counsel directly owned 18,404 shares in the company, valued at $6,625,440. This represents a 9.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 dated Wednesday, April 29th. The shares were sold at an average price of $340.14, for a total value of $10,699,103.70. Following the completion of the sale, the chief executive officer directly owned 15,174 shares in the company, valued at $5,161,284.36. This trade represents 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. In the last quarter, insiders have sold 75,581 shares of company stock worth $25,627,975. Insiders own 0.12% of the company’s stock.

Visa Stock Performance

NYSE V opened at $357.22 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $640.77 billion, a price-to-earnings ratio of 31.12, a P/E/G ratio of 1.93 and a beta of 0.75. The firm’s 50 day simple moving average is $327.17 and its 200 day simple moving average is $324.74. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $365.02.

Visa (NYSE:V) last announced its quarterly earnings data 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 net margin of 51.68% and a return on equity of 65.00%. The business had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.75 billion. During the same period last year, the firm posted $2.76 earnings per share. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. As a group, research analysts expect that Visa Inc. will post 13.1 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend 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%.

Visa declared that its board has initiated a share buyback program on Tuesday, April 28th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the credit-card processor to repurchase up to 3.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

About Visa

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.