Strs Ohio lowered its position in Visa Inc. (NYSE:V - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 547,766 shares of the credit-card processor's stock after selling 24,484 shares during the period. Visa comprises about 0.6% of Strs Ohio's portfolio, making the stock its 24th largest position. Strs Ohio's holdings in Visa were worth $142,610,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. GoalVest Advisory LLC boosted its position in Visa by 3.4% in the fourth quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor's stock valued at $317,000 after buying an additional 40 shares during the last quarter. Destiny Wealth Partners LLC boosted its position in Visa by 2.5% in the fourth quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor's stock valued at $433,000 after buying an additional 40 shares during the last quarter. Sunflower Bank N.A. boosted its position in Visa by 1.3% in the fourth quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor's stock valued at $818,000 after buying an additional 41 shares during the last quarter. HWG Holdings LP boosted its position in Visa by 18.4% in the second quarter. HWG Holdings LP now owns 270 shares of the credit-card processor's stock valued at $64,000 after buying an additional 42 shares during the last quarter. Finally, Parker Financial LLC boosted its position in Visa by 4.8% in the fourth quarter. Parker Financial LLC now owns 925 shares of the credit-card processor's stock valued at $241,000 after buying an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.
Insider Transactions at Visa
In other news, insider Rajat Taneja sold 36,546 shares of the firm's stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the sale, the insider now owns 232,112 shares of the company's stock, valued at approximately $62,716,662.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Peter M. Andreski sold 2,615 shares of the firm's stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Rajat Taneja sold 36,546 shares of the firm's stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now owns 232,112 shares in the company, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,511 shares of company stock valued at $15,131,081. Corporate insiders own 0.19% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have issued reports on V. TD Cowen began coverage on Visa in a report on Thursday, April 11th. They issued a "buy" rating and a $320.00 price target for the company. Raymond James boosted their price target on Visa from $287.00 to $311.00 and gave the company an "outperform" rating in a report on Friday, January 26th. Monness Crespi & Hardt began coverage on Visa in a research note on Wednesday, December 20th. They set a "neutral" rating for the company. Evercore ISI upped their target price on Visa from $325.00 to $335.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 26th. Finally, Citigroup upped their target price on Visa from $296.00 to $306.00 and gave the stock a "buy" rating in a research note on Thursday, January 18th. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, Visa has a consensus rating of "Moderate Buy" and a consensus price target of $296.87.
Check Out Our Latest Stock Analysis on Visa
Visa Trading Up 0.0 %
V traded up $0.06 during mid-day trading on Tuesday, hitting $271.34. 8,236,720 shares of the stock were exchanged, compared to its average volume of 5,799,888. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The company has a market cap of $498.32 billion, a PE ratio of 31.22, a PEG ratio of 1.91 and a beta of 0.96. The firm's fifty day moving average is $279.93 and its two-hundred day moving average is $262.49. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96.
Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.34 by $0.07. The company had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. Visa's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.18 EPS. Equities analysts forecast that Visa Inc. will post 9.89 earnings per share for the current fiscal year.
Visa Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, February 8th. Visa's dividend payout ratio (DPR) is presently 23.94%.
About Visa
(
Free Report)
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.
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