Visa Inc (V) Position Cut by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL lessened its holdings in shares of Visa Inc (NYSE:V) by 2.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 760,100 shares of the credit-card processor’s stock after selling 16,800 shares during the quarter. Visa accounts for about 1.4% of Virginia Retirement Systems ET AL’s investment portfolio, making the stock its 5th largest holding. Virginia Retirement Systems ET AL’s holdings in Visa were worth $100,288,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of V. Vanguard Group Inc. boosted its holdings in Visa by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 133,049,441 shares of the credit-card processor’s stock worth $19,969,390,000 after acquiring an additional 640,593 shares during the period. Vanguard Group Inc boosted its holdings in Visa by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 133,049,441 shares of the credit-card processor’s stock worth $19,969,390,000 after acquiring an additional 640,593 shares during the period. BlackRock Inc. boosted its holdings in Visa by 0.8% in the 3rd quarter. BlackRock Inc. now owns 122,485,390 shares of the credit-card processor’s stock worth $18,383,832,000 after acquiring an additional 936,305 shares during the period. FMR LLC boosted its holdings in Visa by 1.7% in the 3rd quarter. FMR LLC now owns 86,917,222 shares of the credit-card processor’s stock worth $13,045,406,000 after acquiring an additional 1,450,809 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Visa by 11,319.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 86,570,056 shares of the credit-card processor’s stock worth $656,000 after acquiring an additional 85,811,983 shares during the period. 80.79% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Lynne Biggar sold 15,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $150.00, for a total transaction of $2,250,000.00. Following the transaction, the executive vice president now directly owns 22,294 shares in the company, valued at $3,344,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP James H. Hoffmeister sold 6,480 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $151.00, for a total value of $978,480.00. Following the transaction, the senior vice president now owns 6,480 shares in the company, valued at $978,480. The disclosure for this sale can be found here. Insiders have sold 188,202 shares of company stock worth $29,962,762 over the last 90 days. 0.17% of the stock is currently owned by company insiders.

V traded up $1.50 during trading hours on Friday, hitting $163.01. 23,983 shares of the stock were exchanged, compared to its average volume of 8,164,822. Visa Inc has a 12 month low of $121.60 and a 12 month high of $165.74. The stock has a market capitalization of $327.21 billion, a PE ratio of 35.31, a price-to-earnings-growth ratio of 1.85 and a beta of 1.00. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 1.62.

Visa (NYSE:V) last announced its quarterly earnings data on Wednesday, April 24th. The credit-card processor reported $1.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.07. Visa had a return on equity of 40.56% and a net margin of 51.34%. The firm had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.46 billion. During the same period last year, the business posted $1.11 earnings per share. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, research analysts anticipate that Visa Inc will post 5.37 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Friday, May 17th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.61%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is presently 21.69%.

V has been the subject of several research analyst reports. reiterated a “buy” rating on shares of Visa in a research note on Tuesday, February 12th. Jefferies Financial Group initiated coverage on Visa in a research note on Monday, January 28th. They set a “buy” rating and a $135.99 target price for the company. Cantor Fitzgerald reiterated a “buy” rating and set a $160.00 target price on shares of Visa in a research note on Thursday, January 31st. Wedbush increased their target price on Visa from $162.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Finally, UBS Group increased their target price on Visa from $146.00 to $183.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Visa presently has a consensus rating of “Buy” and a consensus target price of $177.67.

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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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