Strs Ohio Reduces Stock Position in Visa Inc. (NYSE:V)

Strs Ohio lowered its holdings in shares of Visa Inc. (NYSE:V) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 547,766 shares of the credit-card processor’s stock after selling 24,484 shares during the quarter. Visa accounts for 0.6% of Strs Ohio’s portfolio, making the stock its 24th biggest holding. Strs Ohio’s holdings in Visa were worth $142,610,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of V. Hibernia Wealth Partners LLC bought a new stake in Visa during the 3rd quarter valued at $25,000. Altshuler Shaham Ltd bought a new stake in Visa during the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC bought a new position in shares of Visa in the 4th quarter worth $32,000. Financial Freedom LLC bought a new position in shares of Visa in the 4th quarter worth $32,000. Finally, Nalls Sherbakoff Group LLC raised its position in shares of Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after acquiring an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In related news, CAO Peter M. Andreski sold 2,615 shares of the 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 transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,511 shares of company stock worth $15,131,081. Company insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

V has been the subject of several recent research reports. Susquehanna boosted their price target on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Evercore ISI boosted their price target on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. KeyCorp boosted their price target on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Wedbush boosted their price target on Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Finally, Monness Crespi & Hardt assumed coverage on Visa in a research note on Wednesday, December 20th. They set a “neutral” rating on the stock. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $296.87.

Visa Price Performance

NYSE:V opened at $271.28 on Tuesday. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market cap of $498.21 billion, a PE ratio of 31.22, a P/E/G ratio of 1.91 and a beta of 0.96. The stock has a 50 day moving average price of $280.04 and a 200 day moving average price of $262.19.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating 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 firm had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. During the same quarter last year, the firm earned $2.18 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities research analysts expect that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Announces Dividend

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

Visa 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.