Riverbridge Partners LLC Sells 11,248 Shares of Visa Inc. $V

Riverbridge Partners LLC cut its holdings in shares of Visa Inc. (NYSE:V) by 7.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 141,665 shares of the credit-card processor’s stock after selling 11,248 shares during the quarter. Riverbridge Partners LLC’s holdings in Visa were worth $42,817,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC raised its holdings in Visa by 50.1% in the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock worth $6,522,000 after purchasing an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Visa by 68.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock worth $3,733,000 after purchasing an additional 4,817 shares during the period. Nicholas Hoffman & Company LLC. boosted its stake in shares of Visa by 4.6% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor’s stock valued at $3,834,000 after purchasing an additional 477 shares in the last quarter. Matrix Asset Advisors Inc. NY boosted its stake in shares of Visa by 16.9% during the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 1,133 shares of the credit-card processor’s stock valued at $402,000 after purchasing an additional 164 shares in the last quarter. Finally, Schnieders Capital Management LLC. increased its position in shares of Visa by 13.8% during the second quarter. Schnieders Capital Management LLC. now owns 18,367 shares of the credit-card processor’s stock valued at $6,521,000 after buying an additional 2,230 shares during the period. Institutional investors own 82.15% of the company’s stock.

Visa News Roundup

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa announced a multi-year partnership with Evo, the fighting game tournament brand, to improve fan experiences and enable seamless global commerce through early 2028, adding another consumer-facing brand relationship. Evo and Visa Announce Multi-Year Partnership to Power a Global Game Community
• Positive Sentiment: Thredd implemented Visa Cloud Connect in Asia-Pacific, a sign that more issuers are using Visa’s cloud-based network infrastructure to support faster, more reliable payment issuing. Thredd Brings Visa Cloud Connect Live in Asia Pacific to Support Faster, More Reliable Issuing Across the Region
• Positive Sentiment: Visa’s AI-driven “Everyday Cashback” launch in the UAE with Mashreq and Rezolve AI highlights continued expansion into value-added services and commerce media, which could deepen merchant and cardholder engagement. Visa (V) Launches AI Driven Everyday Cashback In UAE With Mashreq And Rezolve AI
• Positive Sentiment: Boost Payment Solutions said Visa’s Commercial Enhanced Data Program is generating meaningful interchange savings and transaction growth for customers, suggesting Visa’s commercial payments tools are gaining traction. Thredd Turns to Visa to Advance Cloud-First Strategy in APAC
• Neutral Sentiment: Zacks highlighted Visa as a long-term stock pick, reflecting constructive sentiment but offering no new fundamental catalyst. Why Visa (V) is a Top Stock for the Long-Term
• Negative Sentiment: European lawmakers advanced a digital euro framework aimed at reducing reliance on Visa and Mastercard, which could be a longer-term competitive risk for Visa’s payments network in Europe. EU bets on digital euro to cut US tech addiction

Visa Stock Up 1.2%

Shares of Visa stock opened at $332.29 on Thursday. Visa Inc. has a 1 year low of $293.89 and a 1 year high of $359.66. The firm has a market cap of $596.06 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 1.75 and a beta of 0.77. The company has a 50-day moving average of $322.56 and a 200 day moving average of $324.21. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, topping the consensus estimate of $3.10 by $0.21. The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.75 billion. Visa had a net margin of 51.68% and a return on equity of 65.00%. Visa’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.76 earnings per share. As a group, sell-side analysts anticipate that Visa Inc. will post 13.09 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, May 12th. Visa’s dividend payout ratio (DPR) is presently 23.34%.

Visa declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, April 28th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the credit-card processor to repurchase up to 3.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on V. Truist Financial set a $371.00 price target on shares of Visa and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Evercore set a $350.00 price objective on Visa in a research report on Wednesday, April 29th. UBS Group upped their target price on Visa from $390.00 to $410.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. BMO Capital Markets initiated coverage on Visa in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $365.00 target price for the company. Finally, Bank of America initiated coverage on Visa in a research note on Thursday, March 5th. They issued a “buy” rating and a $410.00 target price for the company. Six investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Visa has an average rating of “Buy” and a consensus target price of $387.78.

Insider Buying and Selling

In related news, CFO Chris Suh sold 10,639 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the completion of the transaction, the chief financial officer owned 9,872 shares of the company’s stock, valued at $3,206,524.32. This trade represents a 51.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 31,455 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $340.14, for a total value of $10,699,103.70. Following the transaction, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at approximately $5,161,284.36. This trade represents a 67.46% 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. Insiders own 0.12% of the company’s stock.

Visa Company 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.