Public Employees Retirement System of Ohio Reduces Position in Visa Inc (NYSE:V)

Public Employees Retirement System of Ohio decreased its position in Visa Inc (NYSE:V) by 4.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 943,195 shares of the credit-card processor’s stock after selling 42,895 shares during the quarter. Visa makes up approximately 1.0% of Public Employees Retirement System of Ohio’s portfolio, making the stock its 10th largest holding. Public Employees Retirement System of Ohio’s holdings in Visa were worth $182,197,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in V. BlackRock Inc. boosted its stake in Visa by 2.3% during the second quarter. BlackRock Inc. now owns 126,278,384 shares of the credit-card processor’s stock worth $24,393,195,000 after buying an additional 2,819,598 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Visa by 4.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 27,495,717 shares of the credit-card processor’s stock valued at $4,430,109,000 after buying an additional 1,121,525 shares in the last quarter. Capital International Investors boosted its stake in Visa by 6.1% in the first quarter. Capital International Investors now owns 21,881,462 shares of the credit-card processor’s stock valued at $3,525,557,000 after buying an additional 1,250,002 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Visa by 3.2% in the second quarter. Fisher Asset Management LLC now owns 20,979,235 shares of the credit-card processor’s stock valued at $4,052,559,000 after buying an additional 660,147 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Visa by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 16,917,898 shares of the credit-card processor’s stock valued at $3,268,029,000 after buying an additional 260,069 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors.

In related news, insider Rajat Taneja sold 45,036 shares of the business’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $210.00, for a total transaction of $9,457,560.00. Also, EVP Lynne Biggar sold 5,500 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $199.99, for a total value of $1,099,945.00. Following the sale, the executive vice president now owns 19,370 shares in the company, valued at $3,873,806.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 118,122 shares of company stock worth $24,683,231. 0.19% of the stock is currently owned by corporate insiders.

Shares of V traded down $0.86 during mid-day trading on Friday, hitting $200.68. The stock had a trading volume of 7,438,646 shares, compared to its average volume of 10,539,540. The firm has a market cap of $396.36 billion, a P/E ratio of 38.22, a PEG ratio of 3.10 and a beta of 0.90. The business has a fifty day moving average price of $201.15 and a 200-day moving average price of $186.74. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.55 and a quick ratio of 1.55. Visa Inc has a 52 week low of $133.93 and a 52 week high of $217.35.

Visa (NYSE:V) last issued its earnings results on Tuesday, July 28th. The credit-card processor reported $1.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.05. The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.85 billion. Visa had a return on equity of 40.65% and a net margin of 51.37%. The business’s revenue was down 18.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.37 earnings per share. As a group, research analysts expect that Visa Inc will post 5.01 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 14th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, August 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.60%. Visa’s payout ratio is 22.06%.

Several research firms have commented on V. Wedbush increased their target price on Visa from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Oppenheimer began coverage on Visa in a research report on Tuesday, June 23rd. They issued an “outperform” rating and a $202.00 target price for the company. Mizuho began coverage on Visa in a research report on Wednesday, August 26th. They issued a “buy” rating and a $250.00 target price for the company. Daiwa Capital Markets reiterated a “neutral” rating and issued a $204.00 target price on shares of Visa in a research report on Tuesday, July 21st. Finally, Cowen increased their target price on Visa from $189.00 to $196.00 and gave the company an “outperform” rating in a research report on Wednesday, May 20th. Seven equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $212.28.

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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