Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Stake in Visa Inc. (NYSE:V)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Visa Inc. (NYSE:V - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 367,447 shares of the credit-card processor's stock after buying an additional 3,807 shares during the period. Visa accounts for 0.7% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS's portfolio, making the stock its 22nd biggest holding. 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 & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Berkeley Capital Partners LLC increased its stake in Visa by 2.8% in the 4th quarter. Berkeley Capital Partners LLC now owns 4,025 shares of the credit-card processor's stock worth $1,272,000 after buying an additional 111 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Visa by 56.0% in the fourth quarter. Teacher Retirement System of Texas now owns 534,548 shares of the credit-card processor's stock worth $168,939,000 after acquiring an additional 191,784 shares during the period. First National Bank of Hutchinson grew its position in shares of Visa by 3.1% during the fourth quarter. First National Bank of Hutchinson now owns 4,026 shares of the credit-card processor's stock worth $1,272,000 after purchasing an additional 121 shares in the last quarter. Royal London Asset Management Ltd. raised its stake in Visa by 6.6% during the 4th quarter. Royal London Asset Management Ltd. now owns 2,915,983 shares of the credit-card processor's stock valued at $921,567,000 after purchasing an additional 181,117 shares during the period. Finally, Next Capital Management LLC lifted its holdings in Visa by 37.5% in the 4th quarter. Next Capital Management LLC now owns 1,798 shares of the credit-card processor's stock worth $568,000 after purchasing an additional 490 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at Visa

In related news, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the transaction, the insider now owns 26,413 shares of the company's stock, valued at $8,642,333.60. The trade was a 59.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the sale, the chief accounting officer now directly owns 4,488 shares in the company, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,205 shares of company stock worth $48,560,961 over the last three months. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

V has been the subject of a number of research analyst reports. Morgan Stanley increased their price objective on shares of Visa from $326.00 to $371.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Seaport Res Ptn raised shares of Visa from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. StockNews.com upgraded shares of Visa from a "hold" rating to a "buy" rating in a research note on Thursday. JPMorgan Chase & Co. raised 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, Wells Fargo & Company boosted their target price on Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Visa has a consensus rating of "Moderate Buy" and a consensus price target of $353.96.

Visa Trading Up 2.5 %

V stock traded up $8.30 during trading on Monday, hitting $343.96. The company had a trading volume of 5,673,845 shares, compared to its average volume of 6,725,808. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The company has a 50 day simple moving average of $341.23 and a 200-day simple moving average of $313.75. The firm 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. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

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

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. Visa's dividend payout ratio is currently 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.