Visa Inc. $V Stock Bought by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in shares of Visa Inc. (NYSE:V) by 3.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 625,694 shares of the credit-card processor’s stock after acquiring an additional 19,213 shares during the quarter. Visa comprises approximately 2.1% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s portfolio, making the stock its 13th largest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Visa were worth $224,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of V. XXEC Inc. raised its holdings in shares of Visa by 153,118.8% during the second 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 last quarter. State Street Corp lifted its position in Visa by 0.7% during the second quarter. State Street Corp now owns 82,872,209 shares of the credit-card processor’s stock valued at $28,432,626,000 after purchasing an additional 566,194 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Visa by 13.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,720,068 shares of the credit-card processor’s stock worth $5,393,398,000 after purchasing an additional 1,808,496 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Visa by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 8,842,842 shares of the credit-card processor’s stock worth $2,672,655,000 after purchasing an additional 316,559 shares during the last quarter. Finally, Amundi grew its position in Visa by 16.5% in the 2nd quarter. Amundi now owns 7,714,919 shares of the credit-card processor’s stock worth $2,646,911,000 after purchasing an additional 1,092,315 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Key Visa News

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Analysts expect fiscal Q4 earnings per share of $3.44 and revenue of $12.08 billion, up from $2.98 and $10.72 billion, respectively, a forecast that supports the prospect of another earnings beat. Visa Analyst Sees AI Agents Strengthening its Digital Payments Business
• Positive Sentiment: Susquehanna raised its price target to $480, citing the potential for AI-powered payment agents to strengthen Visa’s digital-payments business and expand transaction volumes. Visa Analyst Sees AI Agents Strengthening its Digital Payments Business
• Positive Sentiment: Etisalat Money is adding four international transfer capabilities through Visa Direct, expanding Visa’s cross-border payments reach and supporting its broader digital-payments growth strategy. Etisalat Money Adds Visa Direct Services for International Payments
• Positive Sentiment: Long-term investor interest remains supported by expanding digital-payment adoption and global transaction volumes, although Visa’s recent rally has occurred before new financial results. Visa, Mastercard, or American Express: Which Payment Stock Is the Better Buy?

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 5,875 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $358.81, for a total value of $2,108,008.75. Following the transaction, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $5,444,582.94. This trade represents a 27.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Tullier Mahon sold 57,272 shares of Visa stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $364.97, for a total transaction of $20,902,561.84. Following the transaction, the insider owned 49,662 shares in the company, valued at $18,125,140.14. This represents a 53.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 78,792 shares of company stock worth $28,863,319. Company insiders own 0.12% of the company’s stock.

Visa Price Performance

Shares of NYSE:V opened at $404.48 on Tuesday. 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 stock has a market capitalization of $721.76 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 1.92 and a beta of 0.77. The firm’s 50 day moving average price is $377.09 and its 200-day moving average price is $340.89. Visa Inc. has a twelve month low of $293.89 and a twelve month high of $414.60.

Visa (NYSE:V) last announced its earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share (EPS) 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 company had revenue of $11.63 billion during the quarter, compared to analyst estimates of $11.40 billion. During the same period in the previous year, the business posted $2.98 earnings per share. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. Equities research analysts expect that Visa Inc. will post 13.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on V shares. Wolfe Research reiterated an “outperform” rating and set a $460.00 target price (up from $435.00) on shares of Visa in a research note on Tuesday, August 25th. Piper Sandler reissued an “overweight” rating and set a $430.00 price target (up from $394.00) on shares of Visa in a report on Wednesday, July 29th. Loop Capital raised their price target on Visa from $387.00 to $404.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. TD Cowen reaffirmed a “buy” rating and issued a $420.00 price objective (up from $416.00) on shares of Visa in a report on Wednesday, July 29th. Finally, BNP Paribas Exane upped their price objective on Visa from $420.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating and thirty-four have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $428.85.

Visa Company Profile

Visa Inc (NYSE: V) is a global payments technology company that facilitates electronic payments between consumers, businesses, financial institutions and governments. Through its VisaNet network, the company authorizes, clears and settles transactions made with Visa-branded credit, debit and prepaid cards, while generally not issuing cards, extending credit or setting cardholder account terms.

Visa provides payment products and services for consumer, commercial and government payments, as well as digital commerce and money movement.