Visa Inc. $V Shares Purchased by Cardinal Capital Management Inc.

Cardinal Capital Management Inc. raised its holdings in Visa Inc. (NYSE:V) by 1.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 120,294 shares of the credit-card processor’s stock after acquiring an additional 1,989 shares during the quarter. Visa makes up about 1.0% of Cardinal Capital Management Inc.’s portfolio, making the stock its 29th largest holding. Cardinal Capital Management Inc.’s holdings in Visa were worth $43,225,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in V. James T. Borello RIA bought a new position in Visa during the 3rd quarter worth $271,000. V Square Quantitative Management LLC lifted its holdings in Visa by 2.1% during the 3rd quarter. V Square Quantitative Management LLC now owns 35,340 shares of the credit-card processor’s stock worth $12,699,000 after buying an additional 730 shares during the period. YANKCOM Partnership lifted its holdings in Visa by 0.7% during the 3rd quarter. YANKCOM Partnership now owns 5,833 shares of the credit-card processor’s stock worth $2,096,000 after buying an additional 41 shares during the period. Woodstock Corp grew its position in shares of Visa by 0.5% in the 3rd quarter. Woodstock Corp now owns 39,364 shares of the credit-card processor’s stock valued at $14,145,000 after buying an additional 185 shares during the last quarter. Finally, Echo45 Advisors LLC grew its position in shares of Visa by 7.6% in the 3rd quarter. Echo45 Advisors LLC now owns 1,417 shares of the credit-card processor’s stock valued at $509,000 after buying an additional 100 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Price Performance

V stock opened at $403.05 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. The firm has a market cap of $719.21 billion, a price-to-earnings ratio of 34.27, a PEG ratio of 1.88 and a beta of 0.77. The company’s fifty day simple moving average is $372.73 and its 200 day simple moving average is $346.29. Visa Inc. has a 12-month low of $293.89 and a 12-month high of $404.74.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.09. Visa had a return on equity of 67.68% and a net margin of 50.78%. The firm had revenue of $11.63 billion during the quarter, compared to the consensus estimate of $11.40 billion. During the same period last year, the business posted $2.98 EPS. The business’s revenue was up 14.4% compared to the same quarter last year. On average, analysts expect that Visa Inc. will post 13.22 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, August 11th. Visa’s payout ratio is presently 22.79%.

Wall Street Analysts Forecast Growth

V has been the subject of several recent research reports. Rothschild & Co Redburn increased their price target on Visa from $430.00 to $444.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Cantor Fitzgerald set a $445.00 price objective on Visa and gave the stock an “overweight” rating in a research note on Monday, August 3rd. 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. UBS Group reiterated a “buy” rating and issued a $420.00 target price (up from $410.00) on shares of Visa in a report on Wednesday, July 29th. Finally, TD Cowen reissued a “buy” rating and set a $420.00 target price (up from $416.00) on shares of Visa in a research report on Wednesday, July 29th. Three analysts have rated the stock with a Strong Buy rating and thirty-four have assigned a Buy rating to the stock. According to MarketBeat, Visa currently has a consensus rating of “Buy” and an average target price of $426.12.

Key Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Stablecoin payments move into commercial use: Visa Direct has begun rolling out stablecoin-enabled prefunding for businesses conducting cross-border payments. Inyo Global is the first enabler to launch the capability for eligible clients and partners, potentially improving payment speed, liquidity management and Visa’s relevance in digital money movement. Visa Direct Accelerates Cross-Border Money Movement With Stablecoin Prefunding
• Positive Sentiment: Investor rotation supports valuation: Visa and Mastercard are among large-cap stocks reaching records as investors rotate away from chip and artificial-intelligence shares. This shift has increased demand for defensive, cash-generative companies ahead of earnings season. Coca-Cola, Visa and Mastercard Hit Records as Investors Rotate Out of Chip Stocks
• Positive Sentiment: Technical and analyst support: Visa recently broke out into a reported buy zone, while an analyst upgrade has added to bullish sentiment. The stock’s momentum is notable given its premium valuation and position near its annual high. Visa Shares Up on Analyst Upgrade
• Positive Sentiment: Payments ecosystem expansion: Barclaycard Payments is integrating Visa Unified Checkout in the United Kingdom, allowing merchants to accept cards, Click to Pay and digital wallets. Transferra also launched Visa cards for business and private clients, supporting additional card issuance and transaction volume. Barclaycard Payments Integrates Visa Unified Checkout in UK
• Neutral Sentiment: Consumer spending remains resilient: Analysts continue to view Visa as a beneficiary of stock-market-supported consumer spending and resilient earnings, but the outlook is tempered by rising credit-card delinquencies that could eventually pressure payment volumes or consumer credit conditions. 3 Stocks to Watch as Wall Street Wealth Fuels Consumer Spending

Insiders Place Their Bets

In other Visa news, insider Tullier Mahon sold 57,272 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $364.97, for a total value of $20,902,561.84. Following the transaction, the insider directly owned 49,662 shares of the company’s stock, valued at approximately $18,125,140.14. The trade was a 53.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Julie Rottenberg sold 1,867 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $368.34, for a total value of $687,690.78. Following the completion of the transaction, the general counsel directly owned 18,404 shares in the company, valued at approximately $6,778,929.36. This trade represents a 9.21% 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 three months, insiders sold 78,792 shares of company stock worth $28,863,319. 0.12% of the stock is owned by corporate insiders.

Visa Profile

Visa Inc is a global payments technology company that operates one of the world’s largest electronic payments networks. Through its VisaNet platform, the company facilitates the authorization, clearing and settlement of payment transactions between consumers, merchants, financial institutions and governments.

Visa provides payment products and services for credit, debit, prepaid and commercial transactions. Its offerings also include digital payment capabilities, tokenization, fraud prevention, risk management and other value-added services designed to support secure electronic commerce and contactless payments.