FNY Investment Advisers LLC Buys 2,055 Shares of Visa Inc. $V

FNY Investment Advisers LLC increased its position in Visa Inc. (NYSE:V) by 254.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,863 shares of the credit-card processor’s stock after acquiring an additional 2,055 shares during the quarter. FNY Investment Advisers LLC’s holdings in Visa were worth $982,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Clayton Financial Group LLC grew its holdings in shares of Visa by 446.2% during the fourth quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock worth $25,000 after purchasing an additional 58 shares in the last quarter. PayPay Securities Corp grew its stake in Visa by 102.7% in the 4th quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock worth $26,000 after buying an additional 38 shares in the last quarter. Cresta Advisors Ltd. bought a new stake in shares of Visa during the 4th quarter worth $26,000. Parvin Asset Management LLC grew its position in Visa by 200.0% in the third quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after acquiring an additional 50 shares in the last quarter. Finally, RHL Group LLC purchased a new position in shares of Visa in the 4th quarter worth about $34,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa agreed to acquire fraud-intelligence provider BioCatch for $2.4 billion in cash. The transaction would expand Visa’s artificial-intelligence and cybersecurity capabilities, helping banks and merchants combat account takeovers, scams and other increasingly costly payment fraud. The deal also strengthens Visa’s competitive position against Mastercard in payment security. Visa vs. Mastercard: BioCatch Acquisition
• Positive Sentiment: Visa is moving stablecoin capabilities into production through Visa Direct and a partnership with Zero Hash, enabling stablecoin payouts and prefunding across eligible cards, accounts and wallets in 195 countries and territories. This could broaden Visa’s cross-border payment volume and preserve its role as digital currencies expand. Visa Stablecoin Cross-Border Payouts
• Positive Sentiment: Western Union’s Visa-branded Stablecard, initially launching in 37 markets, will let users hold and spend a dollar-backed stablecoin anywhere Visa is accepted. The rollout offers Visa additional exposure to remittances, digital wallets and cross-border transactions. Western Union Stablecard on Visa Network
• Neutral Sentiment: Industry commentary remains constructive on cross-border payment growth and strategic expansion, but warns that higher technology spending and pressure on consumer spending could weigh on margins across transaction-processing companies. Financial Transaction Stocks Outlook
• Negative Sentiment: Visa reportedly cut approximately 2,600 jobs, including 320 positions in California. Although the restructuring could improve efficiency and lower costs over time, the scale of the layoffs may raise concerns about near-term disruption, employee morale and management execution. Visa Job Cuts

Visa Trading Up 0.4%

V opened at $370.11 on Friday. Visa Inc. has a one year low of $293.89 and a one year high of $373.97. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.99. The business has a 50 day simple moving average of $344.41 and a two-hundred day simple moving average of $326.79. The firm has a market capitalization of $663.89 billion, a price-to-earnings ratio of 31.47, a PEG ratio of 1.98 and a beta of 0.74.

Visa (NYSE:V) last issued its quarterly earnings data 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. The firm had revenue of $11.63 billion for the quarter, compared to analyst estimates of $11.40 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%.The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the company earned $2.98 EPS. Analysts predict that Visa Inc. will post 13.14 EPS for the current year.

Visa Dividend Announcement

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

Visa announced that its Board of Directors has authorized a stock buyback program on Tuesday, April 28th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the credit-card processor to purchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

V has been the subject of several recent research reports. Weiss Ratings raised shares of Visa from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 30th. UBS Group reaffirmed a “buy” rating and issued a $420.00 price target (up from $410.00) on shares of Visa in a research note on Wednesday, July 29th. Cantor Fitzgerald set a $445.00 price objective on Visa and gave the company an “overweight” rating in a research report on Monday. Susquehanna reissued a “positive” rating and set a $427.00 price objective (up from $410.00) on shares of Visa in a research note on Wednesday, July 29th. Finally, BNP Paribas Exane upgraded shares of Visa to a “strong-buy” rating in a report on Tuesday, July 21st. Seven analysts have rated the stock with a Strong Buy rating and twenty-four have assigned a Buy rating to the company. Based on data from MarketBeat.com, Visa presently has an average rating of “Buy” and an average target price of $413.58.

Insider Activity at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $360.00, for a total transaction of $729,720.00. Following the sale, the general counsel directly owned 18,404 shares of the company’s stock, valued at approximately $6,625,440. The trade was a 9.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Tullier Kelly Mahon sold 57,272 shares of the company’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 owned 49,662 shares in the company, valued at $18,125,140.14. This trade represents a 53.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 101,398 shares of company stock valued at $35,831,433 in the last three months. Corporate 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.