Quantbot Technologies LP Has $939,000 Stock Holdings in Visa Inc. $V

Quantbot Technologies LP trimmed its stake in shares of Visa Inc. (NYSE:V) by 93.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,738 shares of the credit-card processor’s stock after selling 37,238 shares during the quarter. Quantbot Technologies LP’s holdings in Visa were worth $939,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. XXEC Inc. boosted its holdings 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 worth $63,904,097,000 after buying an additional 186,138,883 shares during the period. Norges Bank bought a new position in Visa in the 4th quarter valued at about $5,877,738,000. Cardano Risk Management B.V. raised its holdings in Visa by 867.6% in the 4th quarter. Cardano Risk Management B.V. now owns 8,213,610 shares of the credit-card processor’s stock valued at $2,880,595,000 after acquiring an additional 7,364,762 shares during the period. Diamant Asset Management Inc. lifted its position in Visa by 29,706.3% during the first quarter. Diamant Asset Management Inc. now owns 7,332,947 shares of the credit-card processor’s stock worth $2,216,310,000 after acquiring an additional 7,308,345 shares during the last quarter. Finally, J. Stern & Co. LLP boosted its holdings in shares of Visa by 12,497.1% during the fourth quarter. J. Stern & Co. LLP now owns 3,378,039 shares of the credit-card processor’s stock worth $1,184,712,000 after acquiring an additional 3,351,223 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Performance

NYSE:V opened at $383.47 on Thursday. The company has a market cap of $684.27 billion, a price-to-earnings ratio of 32.61, a PEG ratio of 2.06 and a beta of 0.74. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $385.57. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a fifty day moving average price of $356.96 and a 200-day moving average price of $330.74.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.09. The company had revenue of $11.63 billion for the quarter, compared to analysts’ expectations of $11.40 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%.Visa’s revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the business earned $2.98 earnings per share. As a group, equities analysts anticipate that Visa Inc. will post 13.16 EPS for the current fiscal year.

Visa Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on V. Evercore set a $350.00 target price on Visa in a research report on Wednesday, April 29th. TD Cowen restated a “buy” rating on shares of Visa in a research note on Wednesday, July 29th. Susquehanna reaffirmed a “positive” rating and issued a $427.00 price objective (up from $410.00) on shares of Visa in a report on Wednesday, July 29th. Piper Sandler reissued an “overweight” rating and issued a $430.00 target price (up from $394.00) 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 research note 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $414.54.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 20,970 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 15,174 shares of the company’s stock, valued at approximately $5,162,953.50. This represents a 58.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Tullier Kelly Mahon sold 57,272 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $364.97, for a total transaction of $20,902,561.84. Following the completion of the sale, the insider owned 49,662 shares in the company, valued at approximately $18,125,140.14. The trade was a 53.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 96,634 shares of company stock valued at $34,537,016. 0.12% of the stock is currently owned by corporate insiders.

Visa News Roundup

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa and Bluefin launched a unified card-present payment platform for global merchants. The offering combines payment acceptance, security and device management, potentially simplifying enterprise deployments, reducing compliance burdens and expanding Visa’s merchant-services opportunity. Visa launches unified card-present payment platform
• Positive Sentiment: Visa joined Singapore’s BLOOM initiative, which is intended to connect traditional payment networks with stablecoin-based settlement rails. The effort could improve cross-border payment efficiency and give Visa an early role in digital-payment interoperability. Visa joins BLOOM initiative
• Positive Sentiment: Growing stablecoin card spending and Visa’s stablecoin initiatives support the company’s longer-term opportunity in digital wallets, cross-border transactions and emerging payment forms. The growth may help Visa remain relevant as payment activity expands beyond conventional cards. Visa BLOOM initiative and digital payments
• Neutral Sentiment: Visa approved KARTY LLC for a FinTech Innovation Award following its Qatar launch. The recognition highlights Visa’s partnerships with fintechs but is unlikely to materially affect near-term financial results. KARTY receives Visa FinTech Innovation Award
• Negative Sentiment: After touching $385.57, Visa surrendered the breakout. Commentary points to profit-taking and investor caution around its roughly 33-times earnings valuation, which makes sustained gains more difficult even though payment volumes remain healthy. Visa hits record then surrenders breakout
• Negative Sentiment: CEO Ryan McInerney sold 5,875 shares worth about $2.16 million under a pre-arranged Rule 10b5-1 plan. The scheduled nature reduces the significance, but the transaction may still attract limited insider-selling scrutiny.

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.