XXEC Becomes Visa’s Largest Holding as Visa Posts Earnings Beat
Visa owned 186,260,448 shares after buying an additional 186,138,883 shares during the quarter. Visa reported $3.32 EPS, beating the $3.23 consensus, and disclosed a quarterly dividend paid on September 1 with a 22.79% payout ratio. Visa and Bluefin launched a unified card-present payments platform focused on acceptance, security and device management, while XXEC increased its stake by 153,118.8% and other managers also added shares.