Public Employees Retirement System of Ohio Has $223.87 Million Position in Visa Inc. (NYSE:V)

Public Employees Retirement System of Ohio reduced its stake in shares of Visa Inc. (NYSE:V) by 4.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 708,360 shares of the credit-card processor’s stock after selling 33,695 shares during the quarter. Visa comprises about 0.8% of Public Employees Retirement System of Ohio’s investment portfolio, making the stock its 16th largest position. Public Employees Retirement System of Ohio’s holdings in Visa were worth $223,870,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of V. Investment Management Corp VA ADV bought a new position in shares of Visa during the 4th quarter valued at about $388,000. Helium Advisors LLC bought a new position in shares of Visa during the 4th quarter valued at about $2,655,000. Breakthru Advisory Services LLC bought a new position in shares of Visa during the 4th quarter valued at about $557,000. GTS Securities LLC lifted its holdings in shares of Visa by 125.7% during the 4th quarter. GTS Securities LLC now owns 11,980 shares of the credit-card processor’s stock valued at $3,786,000 after purchasing an additional 58,651 shares in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Visa during the 4th quarter valued at about $287,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Performance

NYSE:V opened at $357.90 on Friday. The stock has a fifty day moving average price of $341.07 and a 200-day moving average price of $331.33. The company has a market cap of $660.38 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 2.33 and a beta of 0.96. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $369.15.

Visa (NYSE:V) last released its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $0.08. The firm had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.51 EPS. As a group, equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. Visa’s payout ratio is 23.72%.

Analyst Ratings Changes

Several research firms have recently weighed in on V. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Visa in a report on Thursday, February 13th. Evercore ISI initiated coverage on Visa in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $330.00 target price on the stock. BMO Capital Markets boosted their target price on Visa from $370.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Wells Fargo & Company boosted their target price on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Barclays boosted their target price on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Six analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $362.38.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the completion of the sale, the chief executive officer now directly owns 537 shares in the company, valued at $188,186.28. This represents a 94.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul D. Fabara sold 14,813 shares of the company’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $355.04, for a total value of $5,259,207.52. Following the sale, the insider now owns 26,413 shares of the company’s stock, valued at approximately $9,377,671.52. This represents a 35.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 121,948 shares of company stock worth $41,548,282. 0.13% of the stock is currently owned by company insiders.

Visa Company 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.