Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 40,850 Shares of Visa Inc. (NYSE:V)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Visa Inc. (NYSE:VFree Report) by 14.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 323,073 shares of the credit-card processor’s stock after acquiring an additional 40,850 shares during the period. Visa accounts for approximately 0.6% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s investment portfolio, making the stock its 25th biggest position. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Visa were worth $74,310,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. HWG Holdings LP grew its stake in Visa by 18.4% during the second quarter. HWG Holdings LP now owns 270 shares of the credit-card processor’s stock valued at $64,000 after acquiring an additional 42 shares in the last quarter. Gateway Advisory LLC boosted its position in Visa by 3.7% in the 2nd quarter. Gateway Advisory LLC now owns 1,191 shares of the credit-card processor’s stock valued at $283,000 after buying an additional 43 shares during the period. Powers Advisory Group LLC boosted its position in Visa by 4.1% in the 3rd quarter. Powers Advisory Group LLC now owns 1,101 shares of the credit-card processor’s stock valued at $253,000 after buying an additional 43 shares during the period. Marco Investment Management LLC lifted its position in shares of Visa by 3.9% in the 3rd quarter. Marco Investment Management LLC now owns 1,141 shares of the credit-card processor’s stock worth $262,000 after purchasing an additional 43 shares during the period. Finally, Eastover Investment Advisors LLC lifted its position in shares of Visa by 0.8% in the 2nd quarter. Eastover Investment Advisors LLC now owns 5,402 shares of the credit-card processor’s stock worth $1,283,000 after purchasing an additional 44 shares during the period. 81.35% of the stock is currently owned by institutional investors.

Visa Stock Down 1.1 %

Visa stock traded down $3.06 during trading on Thursday, reaching $275.80. The stock had a trading volume of 5,832,874 shares, compared to its average volume of 5,638,383. Visa Inc. has a 52-week low of $208.76 and a 52-week high of $279.99. The business has a 50 day moving average price of $263.79 and a 200 day moving average price of $248.83. 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 stock has a market cap of $506.51 billion, a PE ratio of 31.77, a P/E/G ratio of 1.91 and a beta of 0.97.

Visa (NYSE:VGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. The company had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.18 earnings per share. On average, analysts predict that Visa Inc. will post 9.91 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 9th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. Visa’s dividend payout ratio is presently 23.94%.

Insider Transactions at Visa

In related news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction 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 in the company, valued at approximately $1,365,954.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Visa news, insider Rajat Taneja sold 7,811 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $253.17, for a total value of $1,977,510.87. Following the transaction, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $58,763,795.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were 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 disclosure for this sale can be found here. In the last quarter, insiders sold 97,472 shares of company stock worth $25,695,420. 0.19% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on V. Monness Crespi & Hardt initiated coverage on shares of Visa in a research report on Wednesday, December 20th. They set a “neutral” rating for the company. Citigroup increased their price objective on shares of Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. KeyCorp raised their price target on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Royal Bank of Canada increased their price objective on shares of Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average target price of $290.55.

Get Our Latest Stock Report on Visa

About Visa

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Visa (NYSE:V)

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