Cortland Associates Inc. MO Sells 5,026 Shares of Visa Inc. $V

Cortland Associates Inc. MO lessened its position in Visa Inc. (NYSE:V) by 3.2% in the third quarter, HoldingsChannel reports. The fund owned 153,366 shares of the credit-card processor’s stock after selling 5,026 shares during the quarter. Visa makes up approximately 8.0% of Cortland Associates Inc. MO’s holdings, making the stock its largest holding. Cortland Associates Inc. MO’s holdings in Visa were worth $55,109,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of V. TSG Advice Partners LLC bought a new stake in Visa during the 3rd quarter worth approximately $2,832,000. One Way Holdings LLC raised its stake in shares of Visa by 6.9% during the 3rd quarter. One Way Holdings LLC now owns 66,466 shares of the credit-card processor’s stock worth $23,883,000 after purchasing an additional 4,265 shares during the period. CKW Financial Group boosted its stake in Visa by 50.0% in the third quarter. CKW Financial Group now owns 168 shares of the credit-card processor’s stock valued at $60,000 after acquiring an additional 56 shares during the last quarter. Woodmont Investment Counsel LLC increased its position in Visa by 7.5% in the third quarter. Woodmont Investment Counsel LLC now owns 6,533 shares of the credit-card processor’s stock worth $2,348,000 after buying an additional 455 shares during the last quarter. Finally, Traynor Capital Management Inc. lifted its position in shares of Visa by 2.4% during the 3rd quarter. Traynor Capital Management Inc. now owns 54,189 shares of the credit-card processor’s stock valued at $19,472,000 after buying an additional 1,257 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Key Stories Impacting Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Higher analyst target: Cantor Fitzgerald maintained an Overweight rating and raised its price target to $500, citing Visa’s strong fundamentals while highlighting the importance of monitoring its payments mix. Visa Stocks Rise 2.4% With Higher Cantor Target Facing a Payments-Mix Test
• Positive Sentiment: Zacks upgraded Visa to Rank #2, or Buy, reflecting growing confidence in its earnings prospects. The upgrade may encourage additional buying and supports the broader analyst-positive narrative. Visa Upgraded to Buy
• Positive Sentiment: Stablecoin adoption is expanding: Visa reported a surge in stablecoin use for business payments, offering a potential long-term growth avenue and reinforcing its role in emerging payment technologies. Visa Reports Surge in Stablecoin Use for Business Payments
• Positive Sentiment: Credit trends remain supportive: Recent big-bank results suggest consumers are managing credit-card debt relatively well, reducing concern that credit deterioration will hurt payment volumes. What the Big Banks’ Third-Quarter Reports Say About Credit Card Borrowers
• Neutral Sentiment: Visa is receiving substantial investor attention, while analysts are publishing updated expectations for its upcoming quarterly results. This may increase trading interest but does not itself change the company’s fundamentals. Investors Heavily Search Visa
• Negative Sentiment: Industry risks remain: Visa and other payment networks face higher technology costs and inflation pressure. Investors are also watching whether shifts in the payments mix and competition from alternative payment methods could constrain growth. Zacks Industry Outlook Highlights Visa and Payments Companies

Insiders Place Their Bets

In other Visa news, General Counsel Julie Rottenberg sold 2,028 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $381.35, for a total transaction of $773,377.80. Following the sale, the general counsel owned 18,404 shares in the company, valued at $7,018,365.40. This trade represents a 9.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 5,875 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $367.87, for a total value of $2,161,236.25. Following the transaction, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $5,582,059.38. This represents a 27.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 21,520 shares of company stock worth $7,960,757. 0.12% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on V shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $500.00 price target (up from $445.00) on shares of Visa in a research note on Wednesday, October 28th. Daiwa Securities Group boosted their price objective on Visa from $375.00 to $422.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Erste Group Bank raised shares of Visa from a “hold” rating to a “buy” rating in a report on Monday, July 27th. Raymond James Financial reaffirmed an “outperform” rating and set a $445.00 price objective on shares of Visa in a report on Wednesday, October 28th. Finally, President Capital increased their target price on shares of Visa from $411.00 to $474.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating and thirty-five have given a Buy rating to the company. According to MarketBeat, Visa has an average rating of “Buy” and an average target price of $440.03.

Visa Price Performance

Shares of NYSE:V opened at $425.60 on Tuesday. The company has a 50 day moving average of $382.40 and a 200 day moving average of $342.74. The stock has a market cap of $759.45 billion, a P/E ratio of 34.52, a P/E/G ratio of 1.88 and a beta of 0.77. The company has a current ratio of 0.97, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $426.78.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.04. The company had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.09 billion. Visa had a return on equity of 70.50% and a net margin of 51.20%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.98 earnings per share. As a group, sell-side analysts forecast that Visa Inc. will post 15.03 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 10th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, November 10th. This is a positive change from Visa’s previous quarterly dividend of $0.67. Visa’s payout ratio is currently 21.74%.

About Visa

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.