Retirement Systems of Alabama Buys 2,491 Shares of Visa Inc. (NYSE:V)

Retirement Systems of Alabama raised its stake in shares of Visa Inc. (NYSE:V) by 0.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 614,402 shares of the credit-card processor’s stock after purchasing an additional 2,491 shares during the quarter. Visa accounts for about 0.7% of Retirement Systems of Alabama’s investment portfolio, making the stock its 16th biggest position. Retirement Systems of Alabama’s holdings in Visa were worth $159,960,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in V. Altshuler Shaham Ltd bought a new stake in shares of Visa during the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new position in shares of Visa during the 4th quarter worth about $32,000. Valued Wealth Advisors LLC acquired a new stake in shares of Visa during the 4th quarter valued at about $37,000. Stuart Chaussee & Associates Inc. increased its stake in Visa by 66.2% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock valued at $61,000 after acquiring an additional 94 shares during the period. Finally, Macroview Investment Management LLC lifted its stake in Visa by 1,019.2% during the third quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock worth $67,000 after purchasing an additional 265 shares during the period. Institutional investors own 82.15% of the company’s stock.

Visa Trading Down 0.2 %

Shares of V traded down $0.64 on Friday, reaching $274.52. 6,840,615 shares of the company’s stock were exchanged, compared to its average volume of 6,528,673. The business has a 50 day moving average price of $279.24 and a two-hundred day moving average price of $264.52. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The stock has a market capitalization of $504.16 billion, a P/E ratio of 30.67, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. The company has a current ratio of 1.40, a quick ratio of 1.45 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last released its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The firm had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.09 EPS. Research analysts anticipate that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa’s payout ratio is 23.24%.

Analyst Upgrades and Downgrades

V has been the subject of a number of recent research reports. Macquarie increased their target price on Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday. Keefe, Bruyette & Woods upped their target price on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Oppenheimer lifted their price target on shares of Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a report on Wednesday. Redburn Atlantic reaffirmed a “neutral” rating and set a $307.00 price objective on shares of Visa in a report on Wednesday, March 27th. Finally, KeyCorp boosted their target price on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, January 8th. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, Visa has an average rating of “Moderate Buy” and an average price target of $302.58.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,874 shares of company stock worth $5,506,827. Insiders own 0.19% of the company’s stock.

Visa Company 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.