Neville Rodie & Shaw Inc. Sells 5,643 Shares of Visa Inc. $V

Neville Rodie & Shaw Inc. decreased its position in shares of Visa Inc. (NYSE:V) by 5.6% during the second quarter, Holdings Channel.com reports. The firm owned 95,210 shares of the credit-card processor’s stock after selling 5,643 shares during the period. Visa comprises 2.1% of Neville Rodie & Shaw Inc.’s investment portfolio, making the stock its 9th biggest holding. Neville Rodie & Shaw Inc.’s holdings in Visa were worth $32,666,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in V. Clayton Financial Group LLC raised its position in shares of Visa by 446.2% in the fourth quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock worth $25,000 after acquiring an additional 58 shares during the period. PayPay Securities Corp boosted its stake in shares of 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 acquiring an additional 38 shares in the last quarter. Cresta Advisors Ltd. acquired a new stake in shares of Visa during the 4th quarter valued at about $26,000. Parvin Asset Management LLC grew its position in shares of Visa by 200.0% during the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock valued at $26,000 after acquiring an additional 50 shares during the period. Finally, RHL Group LLC purchased a new position in shares of Visa in the 4th quarter valued at about $34,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 20,970 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $340.25, for a total transaction of $7,135,042.50. Following the completion of the transaction, the chief executive officer directly owned 15,174 shares in the company, valued at $5,162,953.50. This trade represents a 58.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total value of $729,720.00. Following the transaction, the general counsel owned 18,404 shares of the company’s stock, valued at $6,625,440. This trade represents a 9.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 101,398 shares of company stock worth $35,831,433. Company insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Wolfe Research reaffirmed an “outperform” rating and issued a $435.00 price target (up from $430.00) on shares of Visa in a report on Wednesday, July 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $412.00 price objective (up from $395.00) on shares of Visa in a report on Wednesday, July 29th. Cantor Fitzgerald set a $445.00 target price on Visa and gave the stock an “overweight” rating in a research note on Monday. Piper Sandler reaffirmed an “overweight” rating and set a $430.00 target price (up from $394.00) on shares of Visa in a research note on Wednesday, July 29th. Finally, Clear Str upgraded Visa to a “strong-buy” rating in a research report on Thursday, July 16th. Seven investment analysts have rated the stock with a Strong Buy rating and twenty-four have assigned a Buy rating to the company. Based on data from MarketBeat.com, Visa presently has a consensus rating of “Buy” and an average price target of $413.12.

Visa Trading Down 0.1%

Shares of Visa stock opened at $365.77 on Tuesday. The stock has a market cap of $656.10 billion, a P/E ratio of 31.10, a P/E/G ratio of 1.98 and a beta of 0.74. The stock’s 50 day simple moving average is $341.85 and its 200-day simple moving average is $325.92. Visa Inc. has a 1-year low of $293.89 and a 1-year high of $373.97. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.99.

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 the consensus estimate of $3.23 by $0.09. The firm had revenue of $11.63 billion for 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 company’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.98 EPS. Analysts predict that Visa Inc. will post 13.12 EPS 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.7%. Visa’s dividend payout ratio (DPR) is presently 22.79%.

Key Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa agreed to acquire BioCatch for approximately $2.4 billion in cash. BioCatch uses behavioral biometrics, including typing patterns, touchscreen behavior and device handling, to identify account takeovers, scams, money-mule activity and application fraud before transactions occur. The deal should strengthen Visa’s fraud, cybersecurity and risk-management offerings as AI-enabled scams become more sophisticated. Visa to buy cybersecurity firm BioCatch for $2.4 billion amid surge in AI-powered scams
• Positive Sentiment: Visa is expanding its payment ecosystem through GCash, which plans to introduce card-linking capabilities with Visa and Mastercard. The rollout could improve consumer payment convenience and support transaction growth in the Philippines. GCash to expand payment options with Visa and Mastercard card linking
• Neutral Sentiment: Visa continues to promote controls and data governance for “agentic” artificial-intelligence systems. The initiative supports long-term opportunities in AI-enabled commerce, although it does not represent a near-term financial catalyst. Visa Says the Agentic Enterprise Starts With Better Controls
• Neutral Sentiment: Predictions that AI-powered cryptocurrency payments will become mainstream could eventually create new transaction opportunities for Visa, but the outlook is speculative and Ethereum-based adoption is not an immediate earnings driver. Tom Lee Predicts AI-Powered Crypto Payments Will Go Mainstream in Under Five Years
• Negative Sentiment: Elon Musk’s X Money is adding debit cards and money-transfer features, increasing competition for Visa in digital payments. The potential impact remains uncertain because the service is initially limited to select users. Elon Musk introduces money transfer service to social media app X
• Negative Sentiment: The BioCatch transaction requires a substantial cash outlay, which may pressure near-term returns if the acquisition takes time to generate meaningful revenue or cost synergies. A reported sale of 57,272 Visa shares by an insider may also weigh modestly on sentiment. Tullier Kelly Mahon Sells 57,272 Shares of Visa Stock

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.