New York State Teachers Retirement System Has $405.99 Million Stake in Visa Inc. $V

New York State Teachers Retirement System trimmed its position in shares of Visa Inc. (NYSE:V) by 0.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,343,275 shares of the credit-card processor’s stock after selling 1,771 shares during the period. Visa accounts for approximately 0.8% of New York State Teachers Retirement System’s portfolio, making the stock its 16th largest holding. New York State Teachers Retirement System’s holdings in Visa were worth $405,991,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Advisor Group LLC lifted its holdings in shares of Visa by 3.8% during the 1st quarter. Private Advisor Group LLC now owns 195,622 shares of the credit-card processor’s stock worth $59,125,000 after acquiring an additional 7,139 shares during the period. Optas LLC increased its stake in Visa by 19.0% in the first quarter. Optas LLC now owns 7,374 shares of the credit-card processor’s stock valued at $2,229,000 after acquiring an additional 1,178 shares during the last quarter. DeDora Capital Inc. increased its stake in Visa by 0.9% in the first quarter. DeDora Capital Inc. now owns 9,320 shares of the credit-card processor’s stock valued at $2,817,000 after acquiring an additional 84 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Visa during the first quarter valued at approximately $22,509,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Visa by 61.3% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 866,330 shares of the credit-card processor’s stock valued at $261,840,000 after purchasing an additional 329,153 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on V. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $400.00 target price on shares of Visa in a report on Wednesday, April 29th. UBS Group boosted their price target on Visa from $390.00 to $410.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Piper Sandler initiated coverage on Visa in a research report on Monday, June 29th. They set an “overweight” rating and a $394.00 price objective for the company. Oppenheimer reaffirmed an “outperform” rating and issued a $403.00 price objective (up from $391.00) on shares of Visa in a research note on Wednesday, April 29th. Finally, BMO Capital Markets assumed coverage on Visa in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $365.00 target price on the stock. Seven research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $397.96.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 10,490 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $343.99, for a total value of $3,608,455.10. Following the sale, the chief executive officer owned 15,174 shares in the company, valued at approximately $5,219,704.26. The trade was a 40.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chris Suh sold 10,639 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total value of $3,455,653.59. Following the completion of the sale, the chief financial officer directly owned 9,872 shares of the company’s stock, valued at approximately $3,206,524.32. The trade was a 51.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 73,554 shares of company stock worth $24,898,255 in the last quarter. Corporate insiders own 0.12% of the company’s stock.

Visa Trading Down 0.2%

Shares of NYSE V opened at $361.31 on Friday. The firm has a 50 day moving average price of $327.17 and a two-hundred day moving average price of $324.90. The stock has a market cap of $648.10 billion, a P/E ratio of 31.47, a price-to-earnings-growth ratio of 1.93 and a beta of 0.75. Visa Inc. has a 52-week low of $293.89 and a 52-week high of $362.13. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.09 and a current ratio of 1.09.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.21. Visa had a net margin of 51.68% and a return on equity of 65.00%. The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.75 billion. During the same quarter in the previous year, the business earned $2.76 earnings per share. Visa’s revenue was up 17.1% compared to the same quarter last year. As a group, equities analysts forecast that Visa Inc. will post 13.1 EPS for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $2.68 annualized dividend and a yield of 0.7%. Visa’s payout ratio is presently 23.34%.

Visa declared that its Board of Directors has initiated a share buyback program on Tuesday, April 28th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the credit-card processor to reacquire up to 3.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Visa News Summary

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Visa is expanding into AI-powered travel payments through a partnership with eDreams ODIGEO, allowing AI agents to initiate and complete purchases across major travel brands, which could create new transaction volume. eDO Taps Visa to Allow AI Agents to Purchase Travel
• Positive Sentiment: Visa launched its Threat Intelligence Platform to help banks detect cyber threats earlier and reduce fraud risk, reinforcing the strength of its network and security offering. Visa Lets Banks Access Its In-House Cybersecurity Capabilities
• Positive Sentiment: Visa continues to show momentum in agentic payments, with successful live transactions alongside partners such as BBVA, Worldline, ING, and Nuvei, suggesting early traction in AI-driven payment rails. Visa and BBVA Prove Today’s Rails Can Handle Agentic Payments
• Positive Sentiment: Analyst and market commentary remain constructive, with Visa cited as a top blue-chip name and Piper Sandler recently starting coverage with an Overweight rating and a $394 target. Visa Stock Surges 12.4% in a Month: Time to Buy, Hold or Sell?
• Positive Sentiment: Visa’s last reported quarter beat expectations, with EPS of $3.31 versus $3.10 expected and revenue up 17.1% year over year, supporting the stock’s premium valuation. Visa stock profile and earnings summary
• Neutral Sentiment: CEO Ryan McInerney sold shares under a pre-arranged 10b5-1 plan, which is worth noting but does not necessarily signal a change in outlook. SEC filing for CEO stock sale

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.