Public Employees Retirement Association of Colorado Has $191.51 Million Position in Visa Inc (V)

Public Employees Retirement Association of Colorado increased its holdings in Visa Inc (NYSE:V) by 2.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,042,091 shares of the credit-card processor’s stock after buying an additional 40,232 shares during the period. Visa comprises approximately 1.4% of Public Employees Retirement Association of Colorado’s investment portfolio, making the stock its 6th biggest holding. Public Employees Retirement Association of Colorado owned about 0.09% of Visa worth $191,507,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Vicus Capital grew its holdings in Visa by 17.4% in the first quarter. Vicus Capital now owns 4,719 shares of the credit-card processor’s stock worth $419,000 after purchasing an additional 701 shares during the last quarter. Private Wealth Partners LLC grew its holdings in Visa by 0.7% in the first quarter. Private Wealth Partners LLC now owns 177,752 shares of the credit-card processor’s stock worth $15,797,000 after purchasing an additional 1,157 shares during the last quarter. Coastline Trust Co grew its holdings in Visa by 22.0% in the first quarter. Coastline Trust Co now owns 11,745 shares of the credit-card processor’s stock worth $1,044,000 after purchasing an additional 2,120 shares during the last quarter. Benin Management CORP grew its holdings in Visa by 47.5% in the first quarter. Benin Management CORP now owns 112,081 shares of the credit-card processor’s stock worth $9,961,000 after purchasing an additional 36,109 shares during the last quarter. Finally, Patten & Patten Inc. TN grew its holdings in Visa by 1.0% in the first quarter. Patten & Patten Inc. TN now owns 83,079 shares of the credit-card processor’s stock worth $7,383,000 after purchasing an additional 850 shares during the last quarter. 81.68% of the stock is owned by institutional investors.

In other Visa news, EVP Tullier Kelly Mahon sold 29,772 shares of Visa stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the completion of the transaction, the executive vice president now owns 17,360 shares in the company, valued at $1,751,797.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mary B. Cranston sold 10,400 shares of Visa stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $103.32, for a total transaction of $1,074,528.00. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.

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Visa Inc (NYSE:V) opened at 105.31 on Friday. The firm has a market cap of $240.78 billion, a P/E ratio of 39.16 and a beta of 0.94. The company’s 50 day moving average is $103.15 and its 200 day moving average is $95.55. Visa Inc has a 52-week low of $75.17 and a 52-week high of $106.84.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.36 billion. Visa had a net margin of 45.10% and a return on equity of 30.90%. The firm’s revenue was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.69 earnings per share. Equities research analysts forecast that Visa Inc will post $3.43 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Friday, August 18th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend was Wednesday, August 16th. Visa’s dividend payout ratio is currently 24.54%.

V has been the topic of several analyst reports. Citigroup Inc. reaffirmed a “buy” rating and issued a $100.00 price target on shares of Visa in a report on Thursday, May 25th. Zacks Investment Research lowered shares of Visa from a “buy” rating to a “hold” rating in a report on Friday, May 26th. Vetr lowered shares of Visa from a “hold” rating to a “sell” rating and set a $92.84 price target on the stock. in a report on Monday, June 5th. Wedbush reaffirmed an “outperform” rating and issued a $100.00 price target (up from $96.00) on shares of Visa in a report on Tuesday, June 6th. Finally, BidaskClub lowered shares of Visa from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Four analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $105.52.

Visa Profile

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

Institutional Ownership by Quarter for Visa (NYSE:V)

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