Teachers Retirement System of The State of Kentucky Increases Stock Position in Visa Inc. $V

Key Points

• Teachers Retirement System of Kentucky increased its Visa stake by 6.1% in Q4, buying 16,456 shares to hold 288,076 shares worth about $101.03 million, making Visa its 12th-largest holding (≈0.8% of holdings).
• Visa beat Q4 estimates with $3.17 EPS (vs. $3.14 expected) and $10.90 billion revenue (vs. $10.69B expected), with revenue up 14.6% YoY; analysts have a consensus "Buy" and an average price target of $387.79.
• Institutional ownership is high at 82.15%, while insiders own just 0.12%; Director Lloyd Carney sold 650 shares (a 19.53% reduction) in March.

Teachers Retirement System of The State of Kentucky lifted its position in shares of Visa Inc. (NYSE:V - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 288,076 shares of the credit-card processor's stock after buying an additional 16,456 shares during the period. Visa makes up about 0.8% of Teachers Retirement System of The State of Kentucky's holdings, making the stock its 12th biggest holding. Teachers Retirement System of The State of Kentucky's holdings in Visa were worth $101,031,000 at the end of the most recent reporting period.

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

Visa Price Performance

V opened at $309.68 on Tuesday. Visa Inc. has a twelve month low of $293.89 and a twelve month high of $375.51. The firm has a market cap of $562.11 billion, a price-to-earnings ratio of 29.05, a PEG ratio of 1.78 and a beta of 0.80. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. The company has a fifty day simple moving average of $309.79 and a 200 day simple moving average of $327.57.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, topping analysts' consensus estimates of $3.14 by $0.03. The firm had revenue of $10.90 billion for the quarter, compared to analyst estimates of $10.69 billion. Visa had a net margin of 50.23% and a return on equity of 61.74%. The firm's revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.75 EPS. Equities research analysts expect that Visa Inc. will post 12.84 EPS for the current fiscal year.

Insider Activity

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on V shares. Freedom Capital upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a report on Monday, February 16th. Weiss Ratings lowered Visa from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, April 16th. BMO Capital Markets assumed coverage on Visa in a research note on Tuesday, April 21st. They set an "outperform" rating and a $365.00 price objective on the stock. Rothschild & Co Redburn set a $385.00 target price on Visa in a research report on Wednesday, January 28th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $411.00 target price (up from $398.00) on shares of Visa in a research note on Friday, January 30th. 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, Visa has a consensus rating of "Buy" and an average price target of $387.79.

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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