Bordeaux Wealth Advisors LLC Grows Position in Visa Inc. (NYSE:V)

Bordeaux Wealth Advisors LLC grew its stake in shares of Visa Inc. (NYSE:V) by 26.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,011 shares of the credit-card processor’s stock after purchasing an additional 847 shares during the period. Bordeaux Wealth Advisors LLC’s holdings in Visa were worth $1,044,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. 9258 Wealth Management LLC grew its holdings in shares of Visa by 20.8% in the 4th quarter. 9258 Wealth Management LLC now owns 8,043 shares of the credit-card processor’s stock worth $2,094,000 after acquiring an additional 1,387 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in Visa by 38.1% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 49,731 shares of the credit-card processor’s stock worth $12,948,000 after purchasing an additional 13,728 shares in the last quarter. Running Oak Capital LLC grew its holdings in Visa by 15.5% in the fourth quarter. Running Oak Capital LLC now owns 36,152 shares of the credit-card processor’s stock valued at $9,412,000 after purchasing an additional 4,864 shares during the last quarter. Aveo Capital Partners LLC increased its position in shares of Visa by 9.2% in the fourth quarter. Aveo Capital Partners LLC now owns 2,802 shares of the credit-card processor’s stock valued at $730,000 after buying an additional 235 shares in the last quarter. Finally, Westover Capital Advisors LLC raised its stake in shares of Visa by 1.4% during the 4th quarter. Westover Capital Advisors LLC now owns 4,525 shares of the credit-card processor’s stock worth $1,178,000 after buying an additional 61 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Up 0.3 %

Shares of V stock traded up $0.88 on Friday, hitting $268.49. The stock had a trading volume of 3,810,049 shares, compared to its average volume of 5,903,757. The stock’s 50 day moving average is $278.47 and its 200-day moving average is $265.22. The firm has a market capitalization of $493.08 billion, a price-to-earnings ratio of 30.00, a P/E/G ratio of 1.83 and a beta of 0.95. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The business had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter in the previous year, the firm posted $2.09 earnings per share. The company’s revenue was up 9.9% compared to the same quarter last year. As a group, research analysts expect that Visa Inc. will post 9.93 earnings per share for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. Visa’s payout ratio is 23.24%.

Insider Buying and Selling

In other news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now directly owns 2,591 shares in the company, valued at approximately $713,950.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now directly owns 2,591 shares in the company, valued at approximately $713,950.05. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,724 shares of company stock worth $3,278,698. Corporate insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the subject of a number of recent research reports. Raymond James raised their price objective on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. William Blair reissued an “outperform” rating on shares of Visa in a report on Wednesday, April 24th. Robert W. Baird increased their price objective on Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Redburn Atlantic reiterated a “neutral” rating and set a $307.00 price objective on shares of Visa in a research report on Wednesday, March 27th. Finally, Wedbush upped their target price on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $303.00.

Visa Profile

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.