Visa Inc. (NYSE:V) is Public Employees Retirement Association of Colorado's 7th Largest Position

Public Employees Retirement Association of Colorado grew its stake in shares of Visa Inc. (NYSE:V - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,485,091 shares of the credit-card processor's stock after acquiring an additional 17,613 shares during the period. Visa accounts for approximately 1.9% of Public Employees Retirement Association of Colorado's portfolio, making the stock its 7th largest holding. Public Employees Retirement Association of Colorado owned 0.08% of Visa worth $469,348,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Decker Retirement Planning Inc. purchased a new stake in shares of Visa in the fourth quarter worth $26,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Visa in the fourth quarter worth $27,000. POM Investment Strategies LLC raised its position in shares of Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after buying an additional 32 shares in the last quarter. Modus Advisors LLC purchased a new stake in shares of Visa in the fourth quarter worth $32,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Visa in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Analyst Ratings Changes

V has been the topic of a number of research reports. Barclays raised their price target on Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Seaport Res Ptn upgraded Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Susquehanna reaffirmed a "positive" rating on shares of Visa in a research note on Friday, March 21st. Raymond James reaffirmed an "outperform" rating and set a $393.00 price objective (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Seven analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Visa currently has an average rating of "Moderate Buy" and a consensus target price of $362.38.

Visa Stock Performance

Shares of NYSE V traded down $2.80 during trading on Thursday, hitting $342.70. The company had a trading volume of 3,046,584 shares, compared to its average volume of 7,205,604. The stock has a 50 day simple moving average of $337.84 and a 200 day simple moving average of $323.67. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. The firm has a market capitalization of $636.66 billion, a P/E ratio of 34.54, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.08. The business had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.51 EPS. As a group, analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.69%. Visa's payout ratio is presently 23.79%.

Insider Activity

In other news, CAO Peter M. Andreski sold 2,332 shares of the firm's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the sale, the chief accounting officer now directly owns 4,488 shares in the company, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the transaction, the general counsel now directly owns 11,925 shares of the company's stock, valued at $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 143,205 shares of company stock valued at $48,842,490. 0.13% of the stock is currently owned by company insiders.

Visa Profile

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.