Strs Ohio Has $142.61 Million Stake in Visa Inc. (NYSE:V)

Strs Ohio decreased its holdings in shares of Visa Inc. (NYSE:V) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 547,766 shares of the credit-card processor’s stock after selling 24,484 shares during the quarter. Visa accounts for approximately 0.6% of Strs Ohio’s investment portfolio, making the stock its 24th largest position. Strs Ohio’s holdings in Visa were worth $142,610,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Hibernia Wealth Partners LLC bought a new position in Visa during the 3rd quarter worth approximately $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Visa during the 3rd quarter worth approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in Visa in the 4th quarter valued at $32,000. Financial Freedom LLC acquired a new stake in Visa in the 4th quarter valued at $32,000. Finally, Nalls Sherbakoff Group LLC grew its position in Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Down 1.7 %

V stock opened at $271.28 on Tuesday. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $498.21 billion, a PE ratio of 31.22, a PEG ratio of 1.91 and a beta of 0.96. The stock has a 50-day simple moving average of $280.04 and a two-hundred day simple moving average of $262.19.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. During the same quarter in the previous year, the firm earned $2.18 earnings per share. Visa’s revenue was up 9.3% on a year-over-year basis. On average, equities analysts predict that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Thursday, February 8th. Visa’s payout ratio is 23.94%.

Insider Transactions at Visa

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Visa news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the sale, the insider now owns 232,112 shares in the company, valued at $62,716,662.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,511 shares of company stock valued at $15,131,081. 0.19% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on V. Barclays lifted their price objective on shares of Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Evercore ISI lifted their price objective on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Citigroup lifted their price objective on shares of Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Royal Bank of Canada lifted their price objective on shares of Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Finally, Wedbush lifted their price objective on shares of Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $296.87.

About Visa

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.