Envestnet Portfolio Solutions Inc. Has $52.63 Million Holdings in Visa Inc. $V

Envestnet Portfolio Solutions Inc. grew its position in shares of Visa Inc. (NYSE:V) by 21.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,432 shares of the credit-card processor’s stock after acquiring an additional 27,224 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Visa were worth $52,629,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. XXEC Inc. lifted its position in Visa by 153,118.8% in the 2nd quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor’s stock valued at $63,904,097,000 after acquiring an additional 186,138,883 shares in the last quarter. Norges Bank bought a new stake in Visa during the 4th quarter worth approximately $5,877,738,000. Diamant Asset Management Inc. raised its stake in shares of Visa by 29,706.3% in 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 purchasing an additional 7,308,345 shares during the last quarter. Jupiter Topco LLC bought a new position in shares of Visa in the second quarter valued at approximately $1,435,262,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Visa by 13.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,720,068 shares of the credit-card processor’s stock valued at $5,393,398,000 after purchasing an additional 1,808,496 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

V has been the subject of several recent research reports. Clear Str upgraded Visa to a “strong-buy” rating in a report on Thursday, July 16th. Truist Financial set a $406.00 price objective on Visa and gave the company a “buy” rating in a research note on Wednesday, August 5th. UBS Group reiterated a “buy” rating and issued a $420.00 target price (up from $410.00) on shares of Visa in a report on Wednesday, July 29th. Erste Group Bank upgraded shares of Visa from a “hold” rating to a “buy” rating in a report on Monday, July 27th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $450.00 price objective on shares of Visa in a research report on Tuesday, June 2nd. Seven research analysts have rated the stock with a Strong Buy rating and twenty-four have assigned a Buy rating to the company. According to MarketBeat, Visa presently has a consensus rating of “Buy” and a consensus target price of $416.62.

Visa Stock Performance

Shares of NYSE:V traded down $0.67 during midday trading on Wednesday, reaching $361.37. The company had a trading volume of 5,125,151 shares, compared to its average volume of 7,716,233. The stock has a market cap of $644.84 billion, a P/E ratio of 30.73, a P/E/G ratio of 1.98 and a beta of 0.76. The company’s 50 day moving average price is $367.93 and its 200 day moving average price is $337.88. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $385.57.

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

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were given 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 of this dividend was Tuesday, August 11th. Visa’s dividend payout ratio is currently 22.79%.

Insider Transactions at Visa

In related news, insider Tullier 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 value of $20,902,561.84. Following the completion of the transaction, the insider directly owned 49,662 shares of the company’s stock, valued at approximately $18,125,140.14. This trade represents a 53.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 20,970 shares of Visa 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 transaction, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at $5,162,953.50. The trade was a 58.02% decrease in their position. 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. In the last 90 days, insiders sold 106,404 shares of company stock worth $38,228,528. 0.12% of the stock is owned by company insiders.

Key Stories Impacting Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Brokerages maintain an average “Buy” rating on Visa, supporting investor confidence in the company’s earnings outlook and long-term growth prospects. Visa Inc. Given Average Rating of Buy by Brokerages
• Positive Sentiment: Visa and travel-platform Klook signed a memorandum of understanding covering six Southeast Asian markets. The agreement is expected to support card usage through travel offers, creator programs and in-destination promotions, although it does not disclose a material financial commitment. Klook and Visa Partner Across Six Southeast Asian Markets
• Positive Sentiment: Visa is supporting Moov’s new Moov Money real-time person-to-person payment service, expanding the potential use of eligible Visa debit cards for digital money transfers. Visa and Mastercard Help Moov Launch P2P Payment Solution
• Positive Sentiment: Visa’s blockchain strategy is gaining attention after reportedly processing $20 billion in stablecoin transactions and joining Circle’s Arc blockchain as a founding validator. The move could strengthen Visa’s position in stablecoin infrastructure and digital settlement services. Visa Settled $20B in Stablecoins
• Positive Sentiment: UPT plans to use Visa’s Currencycloud and Visa Direct capabilities to offer corporate customers virtual euro and pound IBANs, potentially increasing cross-border payment volume and services revenue. UPT to Launch Virtual IBAN Service

About Visa

Visa Inc is a global payments technology company that operates one of the world’s largest electronic payment networks. The company connects consumers, businesses, financial institutions and governments, enabling transactions through credit, debit, prepaid and commercial payment products. Visa generally does not issue cards, extend credit or set consumer interest rates; instead, it provides the network, technology and services that support payments.

Visa’s products and services include Visa-branded cards, digital payment solutions, tokenization, fraud prevention, risk management, data analytics and payment acceptance tools.