Bourgeon Capital Management LLC Grows Stake in Visa Inc. (NYSE:V)

Bourgeon Capital Management LLC raised its stake in shares of Visa Inc. (NYSE:V) by 936.8% during the fourth quarter, HoldingsChannel reports. The firm owned 1,970 shares of the credit-card processor’s stock after buying an additional 1,780 shares during the quarter. Bourgeon Capital Management LLC’s holdings in Visa were worth $513,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of V. Hibernia Wealth Partners LLC purchased a new stake in Visa in the 3rd quarter worth about $25,000. Altshuler Shaham Ltd bought a new position in shares of Visa during the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of Visa in the fourth quarter worth approximately $32,000. Financial Freedom LLC bought a new stake in shares of Visa during the 4th quarter worth approximately $32,000. Finally, Nalls Sherbakoff Group LLC boosted its holdings in Visa by 545.5% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after acquiring an additional 120 shares during the period. 82.15% of the stock is owned by institutional investors.

Visa Stock Up 0.0 %

V stock opened at $271.34 on Wednesday. The company has a market capitalization of $498.32 billion, a P/E ratio of 31.22, a price-to-earnings-growth ratio of 1.87 and a beta of 0.96. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The firm’s fifty day simple moving average is $279.93 and its 200-day simple moving average is $262.49. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The business had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $2.18 EPS. As a group, equities research analysts forecast that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s dividend payout ratio is currently 23.94%.

Analyst Upgrades and Downgrades

V has been the topic of several research analyst reports. Monness Crespi & Hardt began coverage on Visa in a research note on Wednesday, December 20th. They issued a “neutral” rating on the stock. William Blair restated an “outperform” rating on shares of Visa in a report on Friday, January 26th. Susquehanna increased their target price on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a report on Friday, January 26th. Barclays raised their target price on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Finally, Wedbush upped their price target on shares of Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $296.87.

Insider Buying and Selling

In related news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of 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 have sold 55,511 shares of company stock valued at $15,131,081. Corporate insiders own 0.19% of the company’s stock.

Visa Company 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.