Public Employees Retirement Association of Colorado Sells 146,605 Shares of Visa Inc (NYSE:V)

Public Employees Retirement Association of Colorado decreased its holdings in shares of Visa Inc (NYSE:V) by 7.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,777,099 shares of the credit-card processor’s stock after selling 146,605 shares during the quarter. Visa makes up approximately 1.9% of Public Employees Retirement Association of Colorado’s holdings, making the stock its 5th biggest holding. Public Employees Retirement Association of Colorado owned 0.09% of Visa worth $305,679,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in V. Bath Savings Trust Co increased its stake in shares of Visa by 14.5% in the second quarter. Bath Savings Trust Co now owns 10,224 shares of the credit-card processor’s stock valued at $1,774,000 after purchasing an additional 1,296 shares during the period. Cox Capital Mgt LLC increased its stake in shares of Visa by 2.0% in the second quarter. Cox Capital Mgt LLC now owns 15,784 shares of the credit-card processor’s stock valued at $2,739,000 after purchasing an additional 315 shares during the period. Thomasville National Bank increased its stake in shares of Visa by 1.0% in the second quarter. Thomasville National Bank now owns 98,183 shares of the credit-card processor’s stock valued at $17,039,000 after purchasing an additional 932 shares during the period. Park National Corp OH increased its stake in shares of Visa by 8.3% in the second quarter. Park National Corp OH now owns 115,812 shares of the credit-card processor’s stock valued at $20,099,000 after purchasing an additional 8,901 shares during the period. Finally, Winfield Associates Inc. increased its stake in shares of Visa by 0.7% in the second quarter. Winfield Associates Inc. now owns 32,439 shares of the credit-card processor’s stock valued at $5,630,000 after purchasing an additional 230 shares during the period. Hedge funds and other institutional investors own 80.98% of the company’s stock.

A number of research analysts recently commented on V shares. Nomura raised their price objective on shares of Visa from $178.00 to $204.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. raised their price objective on shares of Visa from $166.00 to $182.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. UBS Group raised their price objective on shares of Visa from $183.00 to $187.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Wedbush set a $187.00 price objective on shares of Visa and gave the company a “buy” rating in a research note on Tuesday, September 24th. Finally, Credit Suisse Group raised their price objective on shares of Visa from $200.00 to $203.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Visa currently has an average rating of “Buy” and an average target price of $199.04.

Visa stock traded up $0.54 during midday trading on Friday, reaching $178.97. The stock had a trading volume of 3,777,681 shares, compared to its average volume of 7,614,820. The firm’s fifty day simple moving average is $176.22 and its two-hundred day simple moving average is $173.43. The firm has a market cap of $349.90 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 1.83 and a beta of 0.94. Visa Inc has a twelve month low of $121.60 and a twelve month high of $187.05. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.56 and a quick ratio of 1.69.

Visa (NYSE:V) last issued its earnings results on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.04. The company had revenue of $6.14 billion during the quarter, compared to analyst estimates of $6.08 billion. Visa had a net margin of 52.57% and a return on equity of 42.57%. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the business posted $1.21 EPS. As a group, sell-side analysts predict that Visa Inc will post 6.21 EPS for the current fiscal year.

The business also recently announced a dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. Visa’s dividend payout ratio (DPR) is currently 18.38%.

In other Visa news, insider Vasant M. Prabhu sold 25,051 shares of Visa stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.14, for a total transaction of $4,537,738.14. Following the completion of the sale, the insider now owns 62,223 shares of the company’s stock, valued at approximately $11,271,074.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP William M. Sheedy sold 21,164 shares of Visa stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $178.71, for a total transaction of $3,782,218.44. Following the sale, the executive vice president now directly owns 227,126 shares of the company’s stock, valued at approximately $40,589,687.46. The disclosure for this sale can be found here. Insiders have sold a total of 53,215 shares of company stock valued at $9,564,487 in the last three months. Company insiders own 0.17% of the company’s stock.

Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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