Bordeaux Wealth Advisors LLC Has $1.04 Million Stock Holdings in Visa Inc. (NYSE:V)

Bordeaux Wealth Advisors LLC increased its position in Visa Inc. (NYSE:V) by 26.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,011 shares of the credit-card processor’s stock after purchasing an additional 847 shares during the quarter. Bordeaux Wealth Advisors LLC’s holdings in Visa were worth $1,044,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new position in shares of Visa in the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC bought a new stake in Visa in the fourth quarter valued at about $32,000. Valued Wealth Advisors LLC acquired a new position in Visa in the fourth quarter valued at about $37,000. Stuart Chaussee & Associates Inc. boosted its holdings in Visa by 66.2% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock worth $61,000 after buying an additional 94 shares during the last quarter. Finally, Life Planning Partners Inc acquired a new position in shares of Visa during the 4th quarter worth about $71,000. 82.15% of the stock is owned by institutional investors.

Insider Transactions at Visa

In other Visa 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 transaction of $250,474.95. Following the transaction, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Visa news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders have sold 11,724 shares of company stock worth $3,278,698 in the last ninety days. Insiders own 0.19% of the company’s stock.

Visa Stock Up 0.3 %

V traded up $0.88 on Friday, hitting $268.49. 3,810,049 shares of the company were exchanged, compared to its average volume of 5,903,757. The stock’s fifty day moving average is $278.47 and its 200-day moving average is $265.22. Visa Inc. has a 12 month low of $216.14 and a 12 month 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. The company has a market cap of $493.08 billion, a PE ratio of 30.00, a PEG ratio of 1.83 and a beta of 0.95.

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

Visa Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on V. Robert W. Baird lifted their price objective on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Evercore ISI raised their price objective on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Wedbush boosted their target price on Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Keefe, Bruyette & Woods raised their price target on Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Finally, Mizuho boosted their price objective on Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $303.00.

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.