Public Employees Retirement System of Ohio reduced its stake in shares of Visa Inc (NYSE:V) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,270,447 shares of the credit-card processor’s stock after selling 36,969 shares during the quarter. Visa accounts for 0.7% of Public Employees Retirement System of Ohio’s portfolio, making the stock its 28th largest position. Public Employees Retirement System of Ohio owned about 0.06% of Visa worth $119,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in V. Aspen Investment Management Inc raised its stake in Visa by 0.4% during the first quarter. Aspen Investment Management Inc now owns 9,272 shares of the credit-card processor’s stock worth $824,000 after acquiring an additional 40 shares in the last quarter. Dumont & Blake Investment Advisors LLC increased its stake in shares of Visa by 1.3% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 7,620 shares of the credit-card processor’s stock valued at $677,000 after buying an additional 95 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of Visa by 5.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 17,337 shares of the credit-card processor’s stock valued at $1,541,000 after buying an additional 874 shares in the last quarter. Crawford Investment Counsel Inc. increased its stake in shares of Visa by 6.7% in the first quarter. Crawford Investment Counsel Inc. now owns 126,007 shares of the credit-card processor’s stock valued at $11,198,000 after buying an additional 7,893 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of Visa by 23.2% in the first quarter. Swiss National Bank now owns 7,360,428 shares of the credit-card processor’s stock valued at $654,121,000 after buying an additional 1,388,200 shares in the last quarter. Hedge funds and other institutional investors own 81.91% of the company’s stock.
Shares of Visa Inc (V) traded up $0.02 on Wednesday, reaching $113.48. The company’s stock had a trading volume of 4,638,149 shares, compared to its average volume of 7,664,060. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.90 and a current ratio of 1.90. Visa Inc has a 12-month low of $77.19 and a 12-month high of $113.73. The company has a market capitalization of $232,790.31, a PE ratio of 32.29, a P/E/G ratio of 1.64 and a beta of 0.97.
Visa (NYSE:V) last issued its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.05. Visa had a return on equity of 30.89% and a net margin of 44.08%. The firm had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.63 billion. During the same quarter last year, the business earned $0.78 earnings per share. The company’s revenue was up 13.9% compared to the same quarter last year. equities analysts expect that Visa Inc will post 4.05 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Friday, November 17th were issued a dividend of $0.195 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $0.78 dividend on an annualized basis and a yield of 0.69%. This is a boost from Visa’s previous quarterly dividend of $0.17. Visa’s dividend payout ratio (DPR) is 27.86%.
In other Visa news, SVP James H. Hoffmeister sold 2,146 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $112.09, for a total transaction of $240,545.14. Following the transaction, the senior vice president now owns 687 shares in the company, valued at $77,005.83. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.14% of the stock is currently owned by company insiders.
A number of brokerages have recently weighed in on V. Vetr lowered Visa from a “buy” rating to a “hold” rating and set a $117.74 target price for the company. in a research note on Tuesday. Zacks Investment Research upgraded Visa from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a research note on Thursday, November 2nd. Jefferies Group raised their target price on Visa from $125.00 to $127.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Buckingham Research raised their target price on Visa from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Nomura raised their price target on Visa from $120.00 to $126.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Three equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $117.16.
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Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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