New York State Teachers Retirement System Sells 58,443 Shares of Visa Inc. (NYSE:V)

New York State Teachers Retirement System trimmed its position in shares of Visa Inc. (NYSE:V - Free Report) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,637,555 shares of the credit-card processor's stock after selling 58,443 shares during the period. Visa comprises about 1.0% of New York State Teachers Retirement System's portfolio, making the stock its 14th biggest position. New York State Teachers Retirement System owned 0.09% of Visa worth $426,337,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Hibernia Wealth Partners LLC purchased a new position in Visa in the third quarter valued at approximately $25,000. Altshuler Shaham Ltd purchased a new position in Visa in the third quarter valued at approximately $25,000. Financial Freedom LLC purchased a new position in Visa in the fourth quarter valued at approximately $32,000. Nalls Sherbakoff Group LLC boosted its holdings in shares of Visa by 545.5% in the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor's stock valued at $33,000 after acquiring an additional 120 shares during the period. Finally, FNY Investment Advisers LLC boosted its holdings in shares of Visa by 227.7% in the third quarter. FNY Investment Advisers LLC now owns 154 shares of the credit-card processor's stock valued at $35,000 after acquiring an additional 107 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on V shares. Barclays increased their price objective on Visa from $304.00 to $319.00 and gave the company an "overweight" rating in a report on Monday, January 29th. Royal Bank of Canada increased their price target on Visa from $290.00 to $309.00 and gave the stock an "outperform" rating in a report on Friday, January 26th. Citigroup increased their price target on Visa from $296.00 to $306.00 and gave the stock a "buy" rating in a report on Thursday, January 18th. Monness Crespi & Hardt started coverage on Visa in a report on Wednesday, December 20th. They set a "neutral" rating for the company. Finally, Raymond James increased their price target on Visa from $287.00 to $311.00 and gave the stock an "outperform" rating in a report on Friday, January 26th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $295.82.

Visa Price Performance

Shares of V stock traded up $0.62 during mid-day trading on Monday, reaching $277.76. The stock had a trading volume of 5,521,086 shares, compared to its average volume of 5,599,723. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The company has a market cap of $510.11 billion, a P/E ratio of 31.96, a price-to-earnings-growth ratio of 1.91 and a beta of 0.96. The business has a 50-day simple moving average of $280.17 and a 200 day simple moving average of $260.68. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating analysts' consensus estimates of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business had revenue of $8.63 billion during the quarter, compared to analysts' expectations of $8.55 billion. During the same quarter last year, the business posted $2.18 earnings per share. The business's revenue for the quarter was up 9.3% on a year-over-year basis. On average, sell-side analysts anticipate that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Thursday, February 8th. Visa's dividend payout ratio is presently 23.94%.

Insiders Place Their Bets

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the firm's stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares of the company's stock, valued at approximately $1,365,954.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the transaction, the chief executive officer now directly owns 538 shares of the company's stock, valued at approximately $150,833.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,511 shares of company stock valued at $15,131,081. Insiders own 0.19% of the company's stock.

About Visa

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.