New York City-based Neville Rodie & Shaw Inc disclosed a reduction in its stake in Visa(V -0.76%), selling 13,278 of shares its holds with sole discretion in a transaction estimated at approximately $4.6 million during the third quarter, according to a Wednesday filing with the SEC.
What happened
According to a filing with the Securities and Exchange Commission on Wednesday, Neville Rodie & Shaw Inc. reduced its position in Visa by 13,278 shares during the third quarter. The estimated transaction size was nearly $4.6 million. The fund reported now holding 106,304 shares in Visa under its sole discretion, worth approximately $36 million. The firm also reported holding 1,684 shares under shared discretion, down from 1,922 in the prior quarter.
What else to know
After the transaction, Visa now represents nearly 2% of Neville Rodie & Shaw’s reported assets.
Top holdings after the filing:
- AAPL: $232.91 million (10.2% of AUM)
- GOOGL: $158.30 million (6.9% of AUM)
- MSFT: $155,077,000 (6.8% of AUM)
- ORCL: $100.85 million (4.4% of AUM)
- JPM: $83 million (3.6% of AUM)
As of Tuesday, shares of Visa were priced at $341.38, climbing about 24% over the year and outperforming the S&P 500 by about 8 percentage points.
Company overview
| Metric | Value |
|---|---|
| Revenue (TTM) | $38.89 billion |
| Net Income (TTM) | $20.23 billion |
| Dividend Yield | 0.68% |
| Price (as of market close Wednesday) | $347.83 |
Company snapshot
- Visa Inc. generates revenue primarily through transaction processing, card services, and value-added payment solutions for consumers, merchants, and financial institutions.
- The company operates a global payments network (VisaNet) and earns fees from facilitating digital payments, authorizing transactions, and providing related services.
- Its core customers include banks, merchants, businesses, and government entities seeking secure, scalable digital payment infrastructure.
Visa Inc. is a leading global payments technology company with a large-scale transaction network and a diversified customer base. Its business model leverages transaction volume and network effects to drive consistent revenue and profitability. Visa's strategic focus on digital payments and value-added services underpins its competitive position in the evolving financial services landscape.
Foolish take
Neville Rodie & Shaw’s decision to trim its Visa stake is a blip relative to the bigger picture: Visa has performed well this year, and analysts remain generally bullish on the firm. The stock is up 24% this year, outpacing the S&P 500’s 14% gain, and it notched an all-time high of $375.51 in June. That strength reflects more than just investor enthusiasm—it’s grounded in strong fundamentals.
In its latest quarter, Visa delivered 14% revenue growth to $10.2 billion, fueled by healthy gains in payment volumes, cross-border transactions, and processed transactions. Meanwhile, non-GAAP earnings per share climbed 23%, underscoring the efficiency of its network and the continued resilience of consumer spending. Management also highlighted the company’s investments in innovation, including artificial intelligence and stablecoin integration, a sign of how Visa is preparing for the next era of payments.
For long-term investors, the takeaway is clear: Visa remains a beneficiary of the secular shift toward digital payments, with powerful network effects that are difficult to replicate. Short-term selling by a single fund doesn’t change the fact that Visa’s model—scaling transaction volume into profits and returning cash via dividends and buybacks—has proven durable. As digital commerce expands globally, Visa looks well-positioned to keep rewarding patient shareholders.
Glossary
13F reportable AUM: Assets under management that must be disclosed in quarterly SEC Form 13F filings by institutional investment managers.
AUM (Assets Under Management): The total market value of investments managed on behalf of clients by a fund or firm.
Transaction processing: The handling and settlement of payment transactions between buyers, sellers, and financial institutions.
Value-added payment solutions: Additional services beyond basic payment processing, such as fraud prevention, analytics, or loyalty programs.
Network effects: The phenomenon where a product or service becomes more valuable as more people use it.
Outperforming the S&P 500: Achieving a higher return than the S&P 500 index over a specific period.
Quarter ended: The last day of a three-month financial reporting period for a company or fund.
Top holdings: The largest investments held by a fund, typically ranked by value or portfolio percentage.
Fund’s stake: The amount or percentage of ownership a fund holds in a particular company.
TTM: The 12-month period ending with the most recent quarterly report.
Dividend yield: A financial ratio showing how much a company pays in dividends relative to its share price.
Digital payment infrastructure: The technology and systems enabling electronic transactions between consumers, merchants, and financial institutions.
