GTS Securities LLC Sells 9,900 Shares of Visa Inc. $V

GTS Securities LLC trimmed its position in shares of Visa Inc. (NYSE:V) by 77.2% during the second quarter, Holdings Channel.com reports. The firm owned 2,925 shares of the credit-card processor’s stock after selling 9,900 shares during the period. GTS Securities LLC’s holdings in Visa were worth $1,004,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Flputnam Investment Management Co. increased its stake in Visa by 16.9% during the 2nd quarter. Flputnam Investment Management Co. now owns 333,396 shares of the credit-card processor’s stock valued at $114,385,000 after purchasing an additional 48,248 shares in the last quarter. Provident Trust Co. raised its holdings in shares of Visa by 0.3% in the 2nd quarter. Provident Trust Co. now owns 1,183,146 shares of the credit-card processor’s stock worth $405,926,000 after acquiring an additional 3,298 shares during the last quarter. Davidson Investment Advisors lifted its position in Visa by 17.0% in the 2nd quarter. Davidson Investment Advisors now owns 102,129 shares of the credit-card processor’s stock valued at $35,039,000 after acquiring an additional 14,874 shares in the last quarter. Cookson Peirce & Co. Inc. lifted its position in Visa by 37.7% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 6,581 shares of the credit-card processor’s stock valued at $2,258,000 after acquiring an additional 1,801 shares in the last quarter. Finally, Nichols & Pratt Advisers LLP MA boosted its stake in Visa by 0.8% during the 2nd quarter. Nichols & Pratt Advisers LLP MA now owns 8,767 shares of the credit-card processor’s stock valued at $3,008,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. TD Cowen reissued a “buy” rating on shares of Visa in a research note on Wednesday, July 29th. Raymond James Financial reaffirmed an “outperform” rating and set a $406.00 target price on shares of Visa in a research report on Wednesday, July 29th. Wolfe Research reiterated an “outperform” rating and set a $460.00 price target (up from $435.00) on shares of Visa in a report on Tuesday. Erste Group Bank raised Visa from a “hold” rating to a “buy” rating in a research report on Monday, July 27th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $412.00 price objective (up from $395.00) on shares of Visa in a research note on Wednesday, July 29th. Seven investment analysts have rated the stock with a Strong Buy rating and twenty-four have given a Buy rating to the stock. According to MarketBeat.com, Visa presently has a consensus rating of “Buy” and a consensus target price of $414.54.

Visa News Summary

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Stablecoin and AI-payment partnership: Visa is working with Dunamu, the operator of South Korean cryptocurrency exchange Upbit, to develop stablecoin payments, cross-border remittances, settlement services and AI-powered commerce. The agreement could help Visa build institutional-grade digital-asset payment infrastructure across Asia while connecting cryptocurrency technology with its global network. Upbit operator Dunamu teams up with Visa on stablecoin and AI payments
• Positive Sentiment: Expanded cybersecurity product: Visa upgraded its AI-powered Vulnerability Agentic Harness to identify, remediate and validate cyber vulnerabilities for clients. The broader toolset may strengthen Visa’s value proposition to merchants and financial institutions and support growth in security-related services. Visa Rolls Out AI-Powered Cyber Vulnerability Patching for Clients
• Positive Sentiment: Merchant acceptance expansion: Visa’s partnership with Bluefin combines payment security, transaction routing and device management in a unified card-present platform. The offering could simplify deployment for large merchants, deepen customer relationships and expand Visa’s acceptance solutions. Visa Launches Unified Card Present Payment Platform for Global Merchants
• Positive Sentiment: Institutional endorsement: Bill Ackman’s Pershing Square added Visa and Mastercard during a major portfolio overhaul, providing a favorable signal from a prominent long-term investor. Bill Ackman Just Made His Biggest Portfolio Overhaul in Years
• Neutral Sentiment: Visa restored payment-network access in Syria through a live transaction, but Mastercard reportedly reached the market at nearly the same time, limiting any first-mover advantage. Visa Reopens Syria With One Payment and No Monopoly
• Negative Sentiment: Valuation risk: Visa recently reached a record high before giving up the breakout. With shares trading at roughly 32 times earnings, investors may demand continued strong growth, making the stock vulnerable to profit-taking or disappointing execution. Visa Hits Record, Then Surrenders the Breakout

Visa Trading Up 0.5%

NYSE:V opened at $381.66 on Friday. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $385.57. The firm has a 50-day moving average price of $359.07 and a two-hundred day moving average price of $331.43. 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 firm has a market cap of $681.05 billion, a price-to-earnings ratio of 32.45, a price-to-earnings-growth ratio of 2.04 and a beta of 0.74.

Visa (NYSE:V) last announced its earnings results 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 the consensus estimate of $11.40 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%.The company’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.98 EPS. On average, equities analysts expect that Visa Inc. will post 13.16 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be issued a dividend of $0.67 per share. 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 dividend payout ratio (DPR) is 22.79%.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 5,875 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $367.87, for a total value of $2,161,236.25. Following the completion of the transaction, the chief executive officer owned 15,174 shares in the company, valued at $5,582,059.38. This represents a 27.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $360.00, for a total value 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. This represents a 9.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 96,634 shares of company stock worth $34,537,016. 0.12% of the stock is owned by company insiders.

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.