Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $116.13 Million Holdings in Visa Inc. (NYSE:V)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Visa Inc. (NYSE:V) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 367,447 shares of the credit-card processor’s stock after buying an additional 3,807 shares during the quarter. Visa makes up about 0.7% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s investment portfolio, making the stock its 22nd largest position. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Visa were worth $116,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the stock. Riverstone Advisors LLC acquired a new position in shares of Visa during the fourth quarter worth approximately $217,000. Journey Strategic Wealth LLC raised its position in Visa by 16.4% in the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock worth $3,058,000 after purchasing an additional 1,361 shares during the last quarter. King Wealth Management Group lifted its holdings in Visa by 9.0% during the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor’s stock worth $23,663,000 after buying an additional 6,172 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new position in Visa in the 4th quarter valued at $10,163,000. Finally, Copley Financial Group Inc. bought a new position in Visa in the 3rd quarter valued at $616,000. 82.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a research note on Thursday. William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Wells Fargo & Company increased their price objective on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and a consensus price target of $353.96.

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the sale, the insider now directly owns 26,413 shares of the company’s stock, valued at $8,642,333.60. The trade was a 59.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now directly owns 36,566 shares of the company’s stock, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 103,855 shares of company stock valued at $35,165,827 in the last quarter. 0.13% of the stock is currently owned by insiders.

Visa Stock Up 1.5 %

Shares of V stock opened at $339.92 on Thursday. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a fifty day moving average of $339.38 and a 200-day moving average of $312.21. The company has a market capitalization of $631.50 billion, a price-to-earnings ratio of 34.27, a P/E/G ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.69%. The ex-dividend date was Tuesday, February 11th. Visa’s payout ratio is 23.79%.

About Visa

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.