Visa Inc. (NYSE:V) Stock Position Lessened by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado cut its stake in Visa Inc. (NYSE:VGet Rating) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,547,097 shares of the credit-card processor’s stock after selling 21,080 shares during the period. Visa accounts for about 1.4% of Public Employees Retirement Association of Colorado’s portfolio, making the stock its 8th largest position. Public Employees Retirement Association of Colorado’s holdings in Visa were worth $335,271,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in V. Outfitter Financial LLC acquired a new stake in Visa during the 4th quarter valued at approximately $27,000. Cranbrook Wealth Management LLC lifted its stake in shares of Visa by 236.8% in the 3rd quarter. Cranbrook Wealth Management LLC now owns 128 shares of the credit-card processor’s stock valued at $29,000 after purchasing an additional 90 shares during the period. Blue Bell Private Wealth Management LLC purchased a new stake in Visa in the 4th quarter worth $32,000. Joseph Group Capital Management purchased a new stake in Visa in the 4th quarter worth $1,429,000. Finally, Disciplined Investments LLC increased its holdings in Visa by 500.0% in the 4th quarter. Disciplined Investments LLC now owns 168 shares of the credit-card processor’s stock worth $36,000 after acquiring an additional 140 shares in the last quarter. Institutional investors own 80.77% of the company’s stock.

NYSE V traded up $6.19 during trading hours on Tuesday, reaching $204.00. The company had a trading volume of 7,200,885 shares, compared to its average volume of 8,894,655. The stock has a 50-day moving average of $211.88 and a 200 day moving average of $212.72. Visa Inc. has a 1-year low of $186.67 and a 1-year high of $252.67. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $387.86 billion, a P/E ratio of 32.08, a price-to-earnings-growth ratio of 1.70 and a beta of 0.90.

Visa (NYSE:VGet Rating) last issued its quarterly earnings results on Tuesday, April 26th. The credit-card processor reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.14. The business had revenue of $7.19 billion for the quarter, compared to analysts’ expectations of $6.82 billion. Visa had a net margin of 51.10% and a return on equity of 42.89%. The business’s quarterly revenue was up 25.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.38 earnings per share. As a group, sell-side analysts predict that Visa Inc. will post 7.14 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Friday, May 13th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, May 12th. This represents a $1.50 annualized dividend and a dividend yield of 0.74%. Visa’s dividend payout ratio is presently 23.58%.

In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company’s stock in a transaction that occurred on Monday, February 28th. The shares were sold at an average price of $216.00, for a total transaction of $1,944,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert W. Matschullat sold 1,114 shares of the company’s stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $210.94, for a total transaction of $234,987.16. The disclosure for this sale can be found here. Insiders have sold 41,047 shares of company stock worth $9,030,622 in the last three months. Corporate insiders own 0.21% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Piper Sandler lowered shares of Visa from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $283.00 to $239.00 in a report on Friday, April 29th. Raymond James upped their target price on shares of Visa from $265.00 to $281.00 and gave the stock an “outperform” rating in a report on Friday, January 28th. Evercore ISI upped their target price on shares of Visa from $304.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, April 27th. raised shares of Visa to a “buy” rating in a report on Wednesday, February 9th. Finally, Citigroup dropped their target price on shares of Visa from $285.00 to $265.00 in a report on Monday, April 25th. Six analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $265.24.

About Visa (Get Rating)

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

Further Reading

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Institutional Ownership by Quarter for Visa (NYSE:V)

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