Retirement Systems of Alabama lowered its stake in Visa Inc (NYSE:V) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,212,526 shares of the credit-card processor’s stock after selling 7,638 shares during the quarter. Visa makes up approximately 0.7% of Retirement Systems of Alabama’s investment portfolio, making the stock its 27th largest position. Retirement Systems of Alabama owned approximately 0.06% of Visa worth $127,606,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Krilogy Financial LLC increased its position in Visa by 0.3% during the second quarter. Krilogy Financial LLC now owns 2,572 shares of the credit-card processor’s stock worth $241,000 after buying an additional 7 shares during the last quarter. Capital Investment Advisory Services LLC increased its position in Visa by 0.4% during the second quarter. Capital Investment Advisory Services LLC now owns 4,747 shares of the credit-card processor’s stock worth $445,000 after buying an additional 20 shares during the last quarter. Baker Ellis Asset Management LLC increased its position in Visa by 0.3% during the second quarter. Baker Ellis Asset Management LLC now owns 6,262 shares of the credit-card processor’s stock worth $587,000 after buying an additional 20 shares during the last quarter. Lakeview Capital Partners LLC increased its position in Visa by 0.8% during the second quarter. Lakeview Capital Partners LLC now owns 4,283 shares of the credit-card processor’s stock worth $402,000 after buying an additional 34 shares during the last quarter. Finally, Raab & Moskowitz Asset Management LLC increased its position in Visa by 0.5% during the second quarter. Raab & Moskowitz Asset Management LLC now owns 7,428 shares of the credit-card processor’s stock worth $739,000 after buying an additional 38 shares during the last quarter. 81.55% of the stock is currently owned by institutional investors and hedge funds.
Shares of Visa Inc (NYSE V) opened at $122.70 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market capitalization of $278,060.00, a P/E ratio of 43.82, a P/E/G ratio of 1.79 and a beta of 0.99. Visa Inc has a 12 month low of $81.50 and a 12 month high of $123.65.
Visa (NYSE:V) last issued its quarterly earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.05. The business had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.63 billion. Visa had a return on equity of 31.80% and a net margin of 36.49%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 earnings per share. research analysts predict that Visa Inc will post 4.08 EPS for the current year.
In other Visa news, Director Robert W. Matschullat sold 6,220 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $113.76, for a total transaction of $707,587.20. Following the completion of the sale, the director now directly owns 57,368 shares in the company, valued at $6,526,183.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James H. Hoffmeister sold 2,146 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $112.09, for a total value of $240,545.14. Following the sale, the senior vice president now owns 687 shares of the company’s stock, valued at $77,005.83. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,068 shares of company stock valued at $6,597,262. 0.14% of the stock is currently owned by corporate insiders.
A number of equities analysts have weighed in on the company. Wells Fargo & Co raised Visa from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $107.01 to $120.00 in a research report on Tuesday, October 10th. Zacks Investment Research downgraded Visa from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Cantor Fitzgerald assumed coverage on Visa in a research report on Thursday, September 28th. They set an “overweight” rating and a $120.00 price target on the stock. Vetr downgraded Visa from a “buy” rating to a “hold” rating and set a $121.05 price target on the stock. in a research report on Monday, January 8th. Finally, Buckingham Research boosted their price target on Visa from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Four research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Visa currently has a consensus rating of “Buy” and a consensus target price of $122.03.
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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.
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