Bourne Lent Asset Management Inc. Has $2.54 Million Stake in Visa Inc. (NYSE:V)

Bourne Lent Asset Management Inc. boosted its stake in shares of Visa Inc. (NYSE:V) by 18.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,034 shares of the credit-card processor’s stock after acquiring an additional 1,234 shares during the quarter. Visa accounts for 1.0% of Bourne Lent Asset Management Inc.’s portfolio, making the stock its 21st largest position. Bourne Lent Asset Management Inc.’s holdings in Visa were worth $2,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Barlow Wealth Partners Inc. boosted its stake in Visa by 5.6% in the fourth quarter. Barlow Wealth Partners Inc. now owns 102,445 shares of the credit-card processor’s stock worth $32,401,000 after purchasing an additional 5,445 shares in the last quarter. XML Financial LLC lifted its position in Visa by 5.1% during the 4th quarter. XML Financial LLC now owns 6,340 shares of the credit-card processor’s stock worth $2,004,000 after buying an additional 306 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Visa by 3.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 495,785 shares of the credit-card processor’s stock worth $156,688,000 after acquiring an additional 18,078 shares during the last quarter. Traphagen Investment Advisors LLC grew its holdings in Visa by 4.7% during the 4th quarter. Traphagen Investment Advisors LLC now owns 6,227 shares of the credit-card processor’s stock worth $1,968,000 after acquiring an additional 280 shares during the last quarter. Finally, Genesis Private Wealth LLC bought a new position in shares of Visa in the fourth quarter worth about $456,000. 82.15% of the stock is owned by institutional investors.

Visa Price Performance

Shares of NYSE V opened at $330.20 on Friday. The company has a fifty day moving average price of $314.54 and a 200 day moving average price of $289.98. The firm has a market cap of $615.11 billion, a PE ratio of 33.94, a PEG ratio of 2.17 and a beta of 0.96. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $331.09.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. Visa’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the company earned $2.33 earnings per share. Research analysts predict that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.52. Visa’s payout ratio is currently 24.25%.

Wall Street Analysts Forecast Growth

V has been the subject of a number of research reports. Jefferies Financial Group raised their price target on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Oppenheimer lifted their target price on Visa from $321.00 to $375.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Royal Bank of Canada upped their price target on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company boosted their price objective on Visa from $325.00 to $360.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Finally, Citigroup lifted their price target on shares of Visa from $326.00 to $354.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $334.58.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. The trade was a 10.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

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.