Treasurer of the State of North Carolina Grows Stock Position in Visa Inc. (NYSE:V)

Treasurer of the State of North Carolina boosted its position in Visa Inc. (NYSE:V - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 718,317 shares of the credit-card processor's stock after buying an additional 4,027 shares during the period. Visa makes up approximately 0.9% of Treasurer of the State of North Carolina's investment portfolio, making the stock its 13th largest holding. Treasurer of the State of North Carolina's holdings in Visa were worth $227,017,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Visa by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after buying an additional 7,079,706 shares during the last quarter. Geode Capital Management LLC boosted its position in Visa by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 40,345,176 shares of the credit-card processor's stock worth $12,729,901,000 after purchasing an additional 1,689,926 shares in the last quarter. Norges Bank acquired a new stake in shares of Visa during the 4th quarter worth approximately $5,171,271,000. Charles Schwab Investment Management Inc. grew its stake in shares of Visa by 6.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,241,003 shares of the credit-card processor's stock worth $3,868,646,000 after purchasing an additional 718,558 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in shares of Visa by 1.8% in the 4th quarter. Fisher Asset Management LLC now owns 9,758,703 shares of the credit-card processor's stock valued at $3,084,141,000 after purchasing an additional 173,990 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

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Visa Trading Up 0.5 %

V stock traded up $1.58 during trading on Monday, reaching $334.98. 1,982,823 shares of the stock were exchanged, compared to its average volume of 7,254,055. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $622.32 billion, a price-to-earnings ratio of 33.77, a P/E/G ratio of 2.33 and a beta of 0.94. The business has a 50 day moving average price of $342.40 and a 200-day moving average price of $319.09. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS 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%. On average, research analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's payout ratio is 23.79%.

Analyst Ratings Changes

Several research firms recently commented on V. William Blair restated an "outperform" rating on shares of Visa in a research report on Friday, January 31st. UBS Group lifted their price target on Visa from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Barclays increased their price target on Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. boosted their price objective on Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, Keefe, Bruyette & Woods reiterated a "hold" rating on shares of Visa in a research report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Visa presently has a consensus rating of "Moderate Buy" and a consensus price target of $355.84.

Insider Activity at Visa

In other news, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the sale, the chief accounting officer now directly owns 4,488 shares of the company's stock, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $2,930,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,205 shares of company stock worth $48,842,490. Company insiders own 0.13% of the company's stock.

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.