17,747 Visa Inc. $V Shares Sold by Provident Investment Management Inc.

Provident Investment Management Inc. trimmed its holdings in Visa Inc. (NYSE:V) by 7.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 211,356 shares of the credit-card processor’s stock after selling 17,747 shares during the quarter. Visa accounts for about 7.6% of Provident Investment Management Inc.’s holdings, making the stock its biggest holding. Provident Investment Management Inc.’s holdings in Visa were worth $75,946,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Nixon Peabody Trust Co. boosted its position in Visa by 58.1% during the first quarter. Nixon Peabody Trust Co. now owns 4,201 shares of the credit-card processor’s stock valued at $1,270,000 after buying an additional 1,543 shares during the period. Bank Pictet & Cie Europe AG grew its stake in shares of Visa by 0.9% during the third quarter. Bank Pictet & Cie Europe AG now owns 606,500 shares of the credit-card processor’s stock valued at $217,934,000 after buying an additional 5,568 shares during the last quarter. Vega Investment Solutions purchased a new position in shares of Visa in the second quarter worth about $829,000. Beacon Financial Group increased its holdings in shares of Visa by 83.9% in the first quarter. Beacon Financial Group now owns 22,501 shares of the credit-card processor’s stock worth $6,801,000 after buying an additional 10,267 shares during the period. Finally, XXEC Inc. increased its holdings in shares of Visa by 153,118.8% in the second 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. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analyst Ratings Changes

V has been the subject of several analyst reports. The Goldman Sachs Group increased their target price on Visa from $420.00 to $438.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. BMO Capital Markets restated an “outperform” rating and set a $425.00 price target on shares of Visa in a research report on Thursday, October 15th. Cantor Fitzgerald set a $445.00 price target on Visa and gave the stock an “overweight” rating in a research note on Monday, August 3rd. KeyCorp boosted their price objective on Visa from $415.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. boosted their price objective on Visa from $400.00 to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Three research analysts have rated the stock with a Strong Buy rating and thirty-four have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $427.24.

Insider Transactions at Visa

In related news, insider Tullier Mahon sold 57,272 shares of the business’s stock in a transaction dated 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. The trade was a 53.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Julie B. Rottenberg sold 1,867 shares of the company’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 transaction, the general counsel directly owned 18,404 shares of the company’s stock, valued at $6,778,929.36. The trade was a 9.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 78,792 shares of company stock worth $28,863,319. Company insiders own 0.12% of the company’s stock.

Key Stories Impacting Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Tokenization may support revenue growth. UBS said Visa and Mastercard could generate additional revenue as digital transactions expand and merchants adopt tokenized payments to improve security and reduce fraud. Tokenization could contribute low-single-digit percentage growth to total revenue and a somewhat larger contribution to value-added services. UBS tokenization revenue article
• Positive Sentiment: Visa is building new growth channels in commercial payments. The company introduced tools using AI agents, virtual-card security and fraud prevention for business payments. Visa is also participating in cross-border stablecoin and tokenized-bank-deposit initiatives involving Singapore, Malaysia and Thailand. These efforts could expand payment volume and Visa’s technology-related services over time. Visa AI and stablecoin technology article
• Positive Sentiment: Analyst estimates edged higher. Erste Group raised its fiscal 2027 EPS forecast for Visa to $15.04 from $15.01 and maintained a Buy rating, reinforcing confidence in the company’s earnings outlook. Visa analyst estimates
• Neutral Sentiment: Reports of a Fireblocks acquisition were denied. Fireblocks said rumors that Visa was pursuing a roughly $2.5 billion acquisition were not true, removing speculation about a potentially significant crypto expansion or acquisition cost. Fireblocks acquisition report
• Negative Sentiment: Payment stocks faced sector-wide pressure. Visa and Mastercard slipped alongside American Express after investors questioned the quality and sustainability of American Express’s quarterly revenue and tax-related results. The reaction suggests investors may be demanding stronger evidence of durable growth ahead of Visa’s earnings report. Payment stocks sector pressure article
• Negative Sentiment: Valuation and execution risks remain. With Visa trading at a premium earnings multiple and approaching its 52-week high, investors may be taking profits while awaiting confirmation that AI, stablecoins and tokenization will materially accelerate revenue. Visa’s reported workforce reductions also highlight potential restructuring and automation-related uncertainty.

Visa Price Performance

Shares of Visa stock opened at $408.02 on Monday. The firm has a market cap of $728.08 billion, a PE ratio of 34.70, a price-to-earnings-growth ratio of 1.92 and a beta of 0.77. Visa Inc. has a 12-month low of $293.89 and a 12-month high of $414.60. 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 company’s fifty day simple moving average is $377.30 and its two-hundred day simple moving average is $350.38.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.09. Visa had a net margin of 50.78% and a return on equity of 67.68%. The firm had revenue of $11.63 billion for the quarter, compared to analysts’ expectations of $11.40 billion. During the same quarter in the previous year, the company earned $2.98 earnings per share. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, equities analysts expect that Visa Inc. will post 13.22 EPS for the current year.

Visa Dividend Announcement

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

Visa 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.