Montaka Global Pty Ltd Buys 2,046 Shares of Visa Inc. $V

Montaka Global Pty Ltd increased its stake in Visa Inc. (NYSE:V) by 7.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,369 shares of the credit-card processor’s stock after purchasing an additional 2,046 shares during the quarter. Visa makes up approximately 4.4% of Montaka Global Pty Ltd’s portfolio, making the stock its 7th biggest holding. Montaka Global Pty Ltd’s holdings in Visa were worth $10,912,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Bank Pictet & Cie Europe AG boosted its holdings in shares of Visa by 0.9% in the third quarter. Bank Pictet & Cie Europe AG now owns 606,500 shares of the credit-card processor’s stock worth $217,934,000 after acquiring an additional 5,568 shares during the period. CFC Planning Co LLC grew its position in shares of Visa by 13.7% in the third quarter. CFC Planning Co LLC now owns 13,305 shares of the credit-card processor’s stock valued at $4,781,000 after purchasing an additional 1,607 shares in the last quarter. Vega Investment Solutions purchased a new position in shares of Visa in the second quarter valued at $829,000. Brooklands Fund Management Ltd bought a new stake in shares of Visa during the 3rd quarter valued at $5,291,000. Finally, XXEC Inc. raised its stake in shares of Visa by 153,118.8% during the 2nd quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor’s stock valued at $63,904,097,000 after purchasing an additional 186,138,883 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa News Summary

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Citigroup raised its price target to $490 from $440 and maintained a Buy rating, implying about 15.9% upside from the cited share price. Citigroup recommendations
• Positive Sentiment: Global Payments added Visa’s Intelligent Data Exchange API to its Adaptive Authentication platform. Sharing more transaction data with issuers is intended to reduce false declines and improve digital checkout, supporting the utility of Visa’s data tools. Global Payments expands authentication platform
• Neutral Sentiment: Visa General Counsel Julie Rottenberg sold 1,867 shares for about $790,000 under a pre-arranged Rule 10b5-1 plan. She retained 18,404 shares, which may temper concern about the sale as a signal of her outlook. SEC filing
• Negative Sentiment: A hotter-than-expected October CPI reading could renew inflation and interest-rate concerns, potentially pressuring richly valued growth-oriented stocks, including Visa. CPI and market drivers
• Negative Sentiment: Commentary on Visa’s long-term performance also flags fee-related lawsuits, stablecoin competition and a high valuation as risks that could challenge its record of outperforming the broader market. Visa’s IPO and long-term performance

Wall Street Analysts Forecast Growth

V has been the topic of a number of recent research reports. Mizuho set a $440.00 price objective on Visa in a report on Thursday, October 29th. JPMorgan Chase & Co. lifted their target price on Visa from $450.00 to $455.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. Daiwa Securities Group lifted their target price on Visa from $375.00 to $422.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Citigroup upped their price target on Visa from $440.00 to $490.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, The Goldman Sachs Group increased their price target on shares of Visa from $420.00 to $438.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating and thirty-five have given a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $442.29.

Visa Stock Up 0.2%

V opened at $422.95 on Wednesday. The company has a fifty day moving average price of $387.55 and a 200-day moving average price of $345.66. The firm has a market capitalization of $754.72 billion, a P/E ratio of 34.30, a price-to-earnings-growth ratio of 1.80 and a beta of 0.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.97 and a quick ratio of 0.97. Visa Inc. has a one year low of $293.89 and a one year high of $442.23.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.04. Visa had a net margin of 51.20% and a return on equity of 70.50%. The firm had revenue of $12.14 billion for the quarter, compared to analysts’ expectations of $12.09 billion. During the same quarter in the prior year, the firm posted $2.98 earnings per share. The business’s quarterly revenue was up 13.2% on a year-over-year basis. Equities research analysts expect that Visa Inc. will post 15.02 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 10th will be given a dividend of $0.78 per share. The ex-dividend date is Tuesday, November 10th. This is a positive change from Visa’s previous quarterly dividend of $0.67. This represents a $3.12 annualized dividend and a yield of 0.7%. Visa’s dividend payout ratio (DPR) is presently 25.30%.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 5,875 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $367.87, for a total value of $2,161,236.25. Following the transaction, the chief executive officer directly owned 15,174 shares in the company, valued at $5,582,059.38. This represents a 27.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie Rottenberg sold 2,028 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $381.35, for a total value of $773,377.80. Following the completion of the transaction, the general counsel owned 18,404 shares in the company, valued at $7,018,365.40. This represents a 9.93% 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. Over the last 90 days, insiders have sold 29,262 shares of company stock valued at $11,195,791. 0.12% of the stock is owned by company insiders.

About Visa

Visa Inc. operates a global payments network that connects consumers, merchants, financial institutions and governments. Its network supports the authorization, clearing and settlement of electronic payments, including transactions made in person and online. The company’s services include payment processing, fraud prevention, identity and risk management, and money-transfer solutions such as Visa Direct. Visa-branded credit, debit and prepaid cards are issued by participating financial institutions; Visa generally provides the network and related services rather than issuing cards or extending credit directly to consumers.