Oregon Public Employees Retirement Fund Raises Stake in Visa Inc. (V)
Oregon Public Employees Retirement Fund boosted its stake in Visa Inc. (NYSE:V) by 46.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 627,852 shares of the credit-card processor’s stock after buying an additional 199,058 shares during the period. Visa accounts for about 1.1% of Oregon Public Employees Retirement Fund’s portfolio, making the stock its 13th largest position. Oregon Public Employees Retirement Fund’s holdings in Visa were worth $51,923,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Ngam Advisors L.P. boosted its position in shares of Visa by 7.4% in the second quarter. Ngam Advisors L.P. now owns 1,131,493 shares of the credit-card processor’s stock valued at $83,923,000 after buying an additional 78,447 shares in the last quarter. Comgest Global Investors S.A.S. boosted its position in shares of Visa by 6.3% in the second quarter. Comgest Global Investors S.A.S. now owns 852,100 shares of the credit-card processor’s stock valued at $63,200,000 after buying an additional 50,600 shares in the last quarter. Calamos Advisors LLC boosted its position in shares of Visa by 66.0% in the second quarter. Calamos Advisors LLC now owns 1,519,314 shares of the credit-card processor’s stock valued at $112,688,000 after buying an additional 604,051 shares in the last quarter. Strs Ohio boosted its position in shares of Visa by 4.1% in the second quarter. Strs Ohio now owns 2,663,883 shares of the credit-card processor’s stock valued at $197,580,000 after buying an additional 104,300 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of Visa by 4.0% in the second quarter. Daiwa Securities Group Inc. now owns 327,318 shares of the credit-card processor’s stock valued at $24,594,000 after buying an additional 12,480 shares in the last quarter. 79.52% of the stock is owned by institutional investors and hedge funds.
Visa Inc. (NYSE:V) opened at 79.42 on Tuesday. The company has a market capitalization of $185.84 billion, a price-to-earnings ratio of 31.38 and a beta of 1.00. The firm’s 50-day moving average price is $81.48 and its 200 day moving average price is $80.04. Visa Inc. has a one year low of $66.12 and a one year high of $83.96.
Visa (NYSE:V) last issued its quarterly earnings data on Monday, October 24th. The credit-card processor reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.05. Visa had a net margin of 39.72% and a return on equity of 24.31%. The business earned $4.26 billion during the quarter. During the same quarter last year, the business earned $0.62 earnings per share. The business’s quarterly revenue was up 19.3% on a year-over-year basis. On average, equities research analysts expect that Visa Inc. will post $3.29 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Friday, November 18th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, November 16th. This is a positive change from Visa’s previous quarterly dividend of $0.14. This represents a $0.66 annualized dividend and a yield of 0.83%. Visa’s dividend payout ratio (DPR) is 26.72%.
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Several equities analysts have recently issued reports on the company. BMO Capital Markets reiterated a “buy” rating on shares of Visa in a research note on Tuesday. Barclays PLC reiterated an “overweight” rating and issued a $100.00 price target (up previously from $90.00) on shares of Visa in a research note on Friday, October 21st. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $94.00 price target on shares of Visa in a research note on Friday, August 5th. Vetr lowered Visa from a “buy” rating to a “hold” rating and set a $84.90 price objective on the stock. in a research report on Monday, November 7th. Finally, Pacific Crest set a $92.00 price objective on Visa and gave the stock a “buy” rating in a research report on Wednesday, September 14th. Seven analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $90.84.
In other news, President Ryan Mcinerney sold 18,500 shares of Visa stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $82.92, for a total transaction of $1,534,020.00. Following the completion of the transaction, the president now directly owns 12,548 shares in the company, valued at $1,040,480.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Charles W. Scharf sold 772,912 shares of Visa stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $82.65, for a total transaction of $63,881,176.80. Following the transaction, the insider now owns 852,880 shares of the company’s stock, valued at $70,490,532. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by company insiders.
Visa Inc is a payments technology company. The Company and its subsidiaries, including Visa U.SA Inc (Visa U.SA), Visa International Service Association (Visa International), Visa Worldwide Pte. Limited, Visa Canada Corporation, Inovant LLC and CyberSource Corporation (CyberSource), operate a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions around the world.
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