PensionDanmark Pensionsforsikringsaktieselskab Acquires 2,917 Shares of Visa Inc. $V

PensionDanmark Pensionsforsikringsaktieselskab lifted its holdings in shares of Visa Inc. (NYSE:V) by 0.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 311,868 shares of the credit-card processor’s stock after buying an additional 2,917 shares during the period. Visa makes up approximately 0.9% of PensionDanmark Pensionsforsikringsaktieselskab’s portfolio, making the stock its 18th largest position. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Visa were worth $106,999,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of V. Clayton Financial Group LLC raised its holdings in Visa by 446.2% during the fourth quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock valued at $25,000 after buying an additional 58 shares in the last quarter. PayPay Securities Corp increased its holdings 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 valued at $26,000 after acquiring an additional 38 shares during the last quarter. Cresta Advisors Ltd. acquired a new position in shares of Visa during the 4th quarter valued at about $26,000. Parvin Asset Management LLC raised its stake in shares of Visa by 200.0% in 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 in the last quarter. Finally, RHL Group LLC bought a new position in shares of Visa in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on V. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $430.00 target price on shares of Visa in a research report on Wednesday, July 29th. JPMorgan Chase & Co. raised their target price on shares of Visa from $400.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Citigroup reiterated a “buy” rating and issued a $440.00 target price (up from $400.00) on shares of Visa in a report on Wednesday, July 29th. TD Cowen reissued a “buy” rating on shares of Visa in a research report on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Visa from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $413.58.

Visa News Summary

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa agreed to acquire fraud-intelligence provider BioCatch for $2.4 billion in cash. The transaction would expand Visa’s artificial-intelligence and cybersecurity capabilities, helping banks and merchants combat account takeovers, scams and other increasingly costly payment fraud. The deal also strengthens Visa’s competitive position against Mastercard in payment security. Visa vs. Mastercard: BioCatch Acquisition
• Positive Sentiment: Visa is moving stablecoin capabilities into production through Visa Direct and a partnership with Zero Hash, enabling stablecoin payouts and prefunding across eligible cards, accounts and wallets in 195 countries and territories. This could broaden Visa’s cross-border payment volume and preserve its role as digital currencies expand. Visa Stablecoin Cross-Border Payouts
• Positive Sentiment: Western Union’s Visa-branded Stablecard, initially launching in 37 markets, will let users hold and spend a dollar-backed stablecoin anywhere Visa is accepted. The rollout offers Visa additional exposure to remittances, digital wallets and cross-border transactions. Western Union Stablecard on Visa Network
• Neutral Sentiment: Industry commentary remains constructive on cross-border payment growth and strategic expansion, but warns that higher technology spending and pressure on consumer spending could weigh on margins across transaction-processing companies. Financial Transaction Stocks Outlook
• Negative Sentiment: Visa reportedly cut approximately 2,600 jobs, including 320 positions in California. Although the restructuring could improve efficiency and lower costs over time, the scale of the layoffs may raise concerns about near-term disruption, employee morale and management execution. Visa Job Cuts

Visa Stock Up 0.4%

V opened at $370.11 on Friday. The company has a market capitalization of $663.89 billion, a P/E ratio of 31.47, a P/E/G ratio of 1.98 and a beta of 0.74. 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’s fifty day moving average price is $344.41 and its two-hundred day moving average price is $326.79. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $373.97.

Visa (NYSE:V) last issued its 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. Visa had a net margin of 50.78% and a return on equity of 67.68%. The business had revenue of $11.63 billion for the quarter, compared to analyst estimates of $11.40 billion. During the same period in the previous year, the business earned $2.98 EPS. The firm’s revenue was up 14.4% on a year-over-year basis. On average, analysts anticipate that Visa Inc. will post 13.14 EPS for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be issued a $0.67 dividend. 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 is presently 22.79%.

Visa announced that its Board of Directors has authorized a stock buyback program on Tuesday, April 28th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the credit-card processor to purchase up to 3.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm’s stock in a transaction that occurred 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 transaction, the general counsel owned 18,404 shares in the company, valued at $6,625,440. This trade represents a 9.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 20,970 shares of the company’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $340.25, for a total value of $7,135,042.50. Following the completion of the sale, the chief executive officer 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 101,398 shares of company stock worth $35,831,433 over the last 90 days. Corporate insiders own 0.12% of the company’s stock.

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.