Visa Inc. (NYSE:V) Stock Position Lifted by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in shares of Visa Inc. (NYSE:V - Free Report) by 56.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 534,548 shares of the credit-card processor's stock after acquiring an additional 191,784 shares during the quarter. Visa accounts for about 0.6% of Teacher Retirement System of Texas' portfolio, making the stock its 21st largest position. Teacher Retirement System of Texas' holdings in Visa were worth $168,939,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of V. State Street Corp raised its stake in Visa by 4.5% during the 3rd quarter. State Street Corp now owns 76,610,942 shares of the credit-card processor's stock worth $21,064,179,000 after acquiring an additional 3,327,977 shares in the last quarter. FMR LLC raised its stake in shares of Visa by 6.1% during the 3rd quarter. FMR LLC now owns 57,111,843 shares of the credit-card processor's stock worth $15,702,901,000 after buying an additional 3,265,518 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Visa by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 38,655,250 shares of the credit-card processor's stock worth $10,601,135,000 after buying an additional 2,772,549 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Visa by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,241,003 shares of the credit-card processor's stock valued at $3,868,646,000 after buying an additional 718,558 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Visa by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,597,969 shares of the credit-card processor's stock worth $3,188,862,000 after acquiring an additional 123,927 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several brokerages have commented on V. William Blair restated an "outperform" rating on shares of Visa in a research report on Friday, January 31st. Morgan Stanley boosted their price target on Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Piper Sandler reaffirmed an "overweight" rating and issued a $383.00 price objective (up from $368.00) on shares of Visa in a research note on Friday, January 31st. Seaport Res Ptn upgraded Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Finally, Raymond James reiterated an "outperform" rating and set a $393.00 price objective (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Six investment 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 company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $353.96.

Insider Activity at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the transaction, the general counsel now owns 11,925 shares of the company's stock, valued at approximately $4,054,500. This represents a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,205 shares of company stock worth $48,560,961. 0.13% of the stock is currently owned by company insiders.

Visa Trading Up 2.5 %

V stock traded up $8.30 during midday trading on Monday, reaching $343.96. 5,673,845 shares of the company's stock traded hands, compared to its average volume of 6,725,804. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The business has a 50-day moving average price of $340.48 and a two-hundred day moving average price of $313.29. The company has a market capitalization of $639.00 billion, a P/E ratio of 34.67, a PEG ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Equities research analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.69%. Visa's dividend payout ratio (DPR) is currently 23.79%.

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.