Teacher Retirement System of Texas Purchases 83,717 Shares of Visa Inc. $V

Key Points

• Teacher Retirement System of Texas increased its Visa stake by 20.5%, buying 83,717 shares in Q4 to hold 492,579 shares worth about $172.75 million, making Visa its 18th-largest position.
• Analysts have an average rating of Buy on Visa with a consensus price target of $387.79, though some firms issued mixed notes (e.g., Weiss downgraded to Hold while others remain bullish).
• Visa recently beat quarterly estimates (EPS $3.17 vs. $3.14) with revenue up 14.6% year-over-year to $10.90 billion, and pays a $0.67 quarterly dividend (approximately a 0.9% yield).

Teacher Retirement System of Texas lifted its position in shares of Visa Inc. (NYSE:V - Free Report) by 20.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 492,579 shares of the credit-card processor's stock after acquiring an additional 83,717 shares during the quarter. Visa makes up 0.6% of Teacher Retirement System of Texas' investment portfolio, making the stock its 18th largest position. Teacher Retirement System of Texas' holdings in Visa were worth $172,752,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clayton Financial Group LLC grew its stake in shares of Visa by 446.2% during the 4th quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor's stock worth $25,000 after acquiring an additional 58 shares during the period. Parvin Asset Management LLC grew its stake in shares of Visa by 200.0% during the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor's stock worth $26,000 after acquiring an additional 50 shares during the period. PayPay Securities Corp grew its stake in shares of Visa by 102.7% during the 4th quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor's stock worth $26,000 after acquiring an additional 38 shares during the period. Dorato Capital Management bought a new position in shares of Visa during the 4th quarter worth $30,000. Finally, Imprint Wealth LLC bought a new position in shares of Visa during the 3rd quarter worth $39,000. Institutional investors own 82.15% of the company's stock.

Analysts Set New Price Targets

V has been the subject of several analyst reports. Weiss Ratings downgraded Visa from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, April 16th. Royal Bank Of Canada restated an "outperform" rating and issued a $395.00 target price on shares of Visa in a research note on Friday, January 30th. Loop Capital initiated coverage on Visa in a research note on Tuesday, March 31st. They issued a "buy" rating and a $387.00 target price for the company. UBS Group cut their target price on Visa from $425.00 to $390.00 and set a "buy" rating for the company in a research note on Tuesday, March 31st. Finally, Cantor Fitzgerald upgraded Visa to a "strong-buy" rating in a research note on Tuesday, January 27th. Seven analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $387.79.

Visa Stock Up 0.3%

Shares of NYSE V opened at $309.66 on Friday. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $375.51. The business has a 50-day simple moving average of $309.88 and a two-hundred day simple moving average of $328.16. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51. The company has a market cap of $562.09 billion, a P/E ratio of 29.05, a P/E/G ratio of 1.77 and a beta of 0.80.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, topping the consensus estimate of $3.14 by $0.03. Visa had a return on equity of 61.74% and a net margin of 50.23%.The business had revenue of $10.90 billion during the quarter, compared to the consensus estimate of $10.69 billion. During the same quarter last year, the company earned $2.75 EPS. The firm's revenue was up 14.6% compared to the same quarter last year. Research analysts anticipate that Visa Inc. will post 12.84 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Tuesday, February 10th. Visa's dividend payout ratio (DPR) is 25.14%.

Insider Activity

In other news, Director Lloyd Carney sold 650 shares of Visa stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total transaction of $201,253.00. Following the completion of the sale, the director owned 2,679 shares in the company, valued at approximately $829,471.98. This trade represents a 19.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.12% of the company's stock.

About Visa

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.

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