New Jersey Better Educational Savings Trust Has $924,000 Position in Visa Inc (NYSE:V)

New Jersey Better Educational Savings Trust grew its position in Visa Inc (NYSE:V) by 16.7% 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 7,000 shares of the credit-card processor’s stock after purchasing an additional 1,000 shares during the period. Visa comprises about 1.2% of New Jersey Better Educational Savings Trust’s portfolio, making the stock its 13th largest position. New Jersey Better Educational Savings Trust’s holdings in Visa were worth $924,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Visa by 0.5% during the third quarter. Vanguard Group Inc. now owns 133,049,441 shares of the credit-card processor’s stock worth $19,969,390,000 after buying an additional 640,593 shares during the last quarter. Vanguard Group Inc increased its holdings in Visa by 0.5% during the third quarter. Vanguard Group Inc now owns 133,049,441 shares of the credit-card processor’s stock worth $19,969,390,000 after buying an additional 640,593 shares during the last quarter. BlackRock Inc. increased its holdings in Visa by 0.8% during the third quarter. BlackRock Inc. now owns 122,485,390 shares of the credit-card processor’s stock worth $18,383,832,000 after buying an additional 936,305 shares during the last quarter. FMR LLC increased its holdings in Visa by 1.7% during the third quarter. FMR LLC now owns 86,917,222 shares of the credit-card processor’s stock worth $13,045,406,000 after buying an additional 1,450,809 shares during the last quarter. Finally, Morgan Stanley increased its holdings in Visa by 3.9% during the third quarter. Morgan Stanley now owns 29,757,958 shares of the credit-card processor’s stock worth $4,466,371,000 after buying an additional 1,119,197 shares during the last quarter. Institutional investors own 80.94% of the company’s stock.

In other Visa news, EVP Tullier Kelly Mahon sold 91,046 shares of Visa stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $156.29, for a total transaction of $14,229,579.34. Following the completion of the sale, the executive vice president now directly owns 120,602 shares in the company, valued at $18,848,886.58. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Ellen Richey sold 81,005 shares of Visa stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $139.99, for a total transaction of $11,339,889.95. The disclosure for this sale can be found here. Insiders sold 193,531 shares of company stock valued at $28,797,949 over the last 90 days. 0.17% of the stock is owned by company insiders.

V has been the subject of a number of research analyst reports. Jefferies Financial Group started coverage on shares of Visa in a report on Monday, January 28th. They set a “buy” rating and a $135.99 price objective for the company. Cantor Fitzgerald reiterated a “buy” rating and set a $160.00 target price on shares of Visa in a research report on Thursday, January 31st. Raymond James reiterated an “outperform” rating and set a $152.00 target price (down previously from $167.00) on shares of Visa in a research report on Thursday, January 31st. SunTrust Banks reiterated an “outperform” rating and set a $250.00 target price on shares of Visa in a research report on Friday, February 1st. Finally, reiterated a “buy” rating on shares of Visa in a research report on Tuesday, February 12th. One investment analyst has rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $169.68.

Shares of V stock traded down $0.17 during trading hours on Wednesday, reaching $161.49. The stock had a trading volume of 6,808,586 shares, compared to its average volume of 8,449,128. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.58. Visa Inc has a 12 month low of $119.37 and a 12 month high of $162.03. The firm has a market capitalization of $323.67 billion, a P/E ratio of 35.03, a price-to-earnings-growth ratio of 1.83 and a beta of 1.00.

Visa (NYSE:V) last released its quarterly earnings data on Wednesday, January 30th. The credit-card processor reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.05. Visa had a net margin of 50.61% and a return on equity of 39.32%. The company had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.41 billion. During the same period last year, the business earned $1.08 earnings per share. Visa’s revenue was up 13.2% compared to the same quarter last year. Sell-side analysts predict that Visa Inc will post 5.32 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Friday, May 17th will be given a $0.25 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.62%. Visa’s dividend payout ratio (DPR) is currently 21.69%.

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About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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