Alfreton Capital LLP Raises Holdings in Visa Inc. $V

Alfreton Capital LLP raised its holdings in Visa Inc. (NYSE:V) by 34.4% during the first quarter, Holdings Channel reports. The institutional investor owned 336,000 shares of the credit-card processor’s stock after buying an additional 86,000 shares during the quarter. Visa makes up about 33.0% of Alfreton Capital LLP’s holdings, making the stock its largest position. Alfreton Capital LLP’s holdings in Visa were worth $101,553,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in V. Aspen Grove Capital LLC boosted its holdings in Visa by 17.0% during the 1st quarter. Aspen Grove Capital LLC now owns 2,157 shares of the credit-card processor’s stock worth $652,000 after acquiring an additional 313 shares during the last quarter. RMG Wealth Management LLC raised its holdings in shares of Visa by 36.3% in the first quarter. RMG Wealth Management LLC now owns 289 shares of the credit-card processor’s stock valued at $94,000 after purchasing an additional 77 shares during the last quarter. Gibbs Wealth Management lifted its position in shares of Visa by 75.2% during the first quarter. Gibbs Wealth Management now owns 23,609 shares of the credit-card processor’s stock valued at $7,136,000 after purchasing an additional 10,131 shares in the last quarter. MWA Asset Management lifted its position in shares of Visa by 3.6% during the first quarter. MWA Asset Management now owns 9,401 shares of the credit-card processor’s stock valued at $2,843,000 after purchasing an additional 325 shares in the last quarter. Finally, Davis R M Inc. increased its position in shares of Visa by 1.5% during the first quarter. Davis R M Inc. now owns 299,217 shares of the credit-card processor’s stock valued at $90,435,000 after acquiring an additional 4,334 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Key Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa announced a partnership with Airwallex to build embedded-finance tools for freight and shipping platforms, a move that could expand Visa’s footprint in cross-border B2B payments and working-capital solutions. Visa and Airwallex Team on Embedded Finance for Freight Companies
• Positive Sentiment: DoorDash’s new instant-deposit features for drivers use Visa Direct, highlighting continued adoption of Visa’s real-time money-movement infrastructure in consumer and gig-economy payments. DoorDash Launches Instant Deposits for DoorDash Crimson with Astra
• Positive Sentiment: BNP Paribas Exane upgraded Visa to “strong-buy,” adding to the bullish case that the company’s earnings momentum and premium network position can support further upside. Visa upgraded by BNP Paribas Exane
• Neutral Sentiment: Several preview articles ahead of Visa’s fiscal Q3 results point to continued revenue and earnings growth, with consensus estimates around $3.23 EPS on $11.35 billion in revenue; investors are waiting to see whether the company can justify its valuation when it reports next week. Visa’s Q3 Earnings Could be a Catalyst: Should You Buy Now?
• Neutral Sentiment: Jim Cramer also highlighted Visa as a beneficiary of resilient consumer credit demand, which reinforces a positive spending backdrop but does not change the near-term fundamentals on its own. Jim Cramer Highlights Visa (V) as Consumer Credit Demand Soars
• Negative Sentiment: A Reuters report on new U.S. visa restrictions targeting people tied to cybercrime is not directly related to Visa Inc.’s payments business, but the headline may have created some noise for the stock due to the shared name. US announces visa restriction policy for people complicit in cybercrime

Insider Transactions at Visa

In other news, CFO Chris Suh sold 10,639 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total value of $3,455,653.59. Following the transaction, the chief financial officer owned 9,872 shares of the company’s stock, valued at $3,206,524.32. This represents a 51.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 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 position. 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. Over the last 90 days, insiders sold 75,581 shares of company stock valued at $25,627,975. 0.12% of the stock is owned by corporate insiders.

Analyst Ratings Changes

V has been the subject of a number of research analyst reports. Oppenheimer restated an “outperform” rating and set a $403.00 price objective (up from $391.00) on shares of Visa in a report on Wednesday, April 29th. Raymond James Financial reiterated an “outperform” rating and issued a $389.00 target price on shares of Visa in a research note on Wednesday, April 29th. Clear Str raised shares of Visa to a “strong-buy” rating in a research report on Thursday, July 16th. Piper Sandler began coverage on Visa in a research note on Monday, June 29th. They issued an “overweight” rating and a $394.00 price objective on the stock. Finally, Citigroup reduced their price objective on Visa from $450.00 to $400.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Eight analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Visa currently has a consensus rating of “Buy” and a consensus price target of $398.36.

Visa Trading Down 0.5%

Shares of Visa stock opened at $351.68 on Friday. The company’s 50-day moving average price is $336.98 and its 200-day moving average price is $325.13. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.64. Visa Inc. has a 12-month low of $293.89 and a 12-month high of $365.14. The company has a market cap of $630.84 billion, a price-to-earnings ratio of 30.63, a PEG ratio of 1.88 and a beta of 0.75.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, topping 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 analyst estimates of $10.75 billion. During the same quarter in the prior year, the firm posted $2.76 EPS. Visa’s revenue was up 17.1% on a year-over-year basis. On average, equities analysts expect that Visa Inc. will post 13.13 earnings per share for the current fiscal year.

Visa announced that its board has initiated a stock repurchase plan on Tuesday, April 28th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the credit-card processor to repurchase up to 3.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders 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 dividend yield of 0.8%. Visa’s dividend payout ratio is presently 23.34%.

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.