Bordeaux Wealth Advisors LLC Buys 1,830 Shares of Visa Inc. (NYSE:V)

Bordeaux Wealth Advisors LLC increased its position in Visa Inc. (NYSE:V - Free Report) by 13.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,416 shares of the credit-card processor's stock after purchasing an additional 1,830 shares during the period. Visa makes up 1.0% of Bordeaux Wealth Advisors LLC's investment portfolio, making the stock its 22nd largest holding. Bordeaux Wealth Advisors LLC's holdings in Visa were worth $5,403,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sovereign Investment Advisors LLC purchased a new position in Visa during the 4th quarter worth $424,000. Brighton Jones LLC lifted its position in shares of Visa by 50.1% during the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock valued at $6,522,000 after purchasing an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock worth $3,733,000 after purchasing an additional 4,817 shares during the last quarter. Leverage Partners Absolute Return Fund SPC bought a new stake in Visa in the 4th quarter worth about $204,000. Finally, SOA Wealth Advisors LLC. increased its stake in Visa by 7.0% in the 4th quarter. SOA Wealth Advisors LLC. now owns 2,855 shares of the credit-card processor's stock valued at $902,000 after buying an additional 187 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Activity at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the sale, the general counsel directly owned 11,925 shares in the company, valued at $4,121,041.50. This represents a 17.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul D. Fabara sold 46,214 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the transaction, the insider owned 26,413 shares of the company's stock, valued at $9,772,810. This trade represents a 63.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,098 shares of company stock valued at $36,738,526. Corporate insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

V has been the topic of a number of research analyst reports. Mizuho upgraded Visa from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $359.00 to $425.00 in a research note on Thursday, June 5th. Piper Sandler lifted their price target on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Macquarie cut their price objective on Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Citigroup started coverage on Visa in a research report on Monday, June 2nd. They set a "buy" rating for the company. Finally, The Goldman Sachs Group began coverage on Visa in a research note on Monday, June 2nd. They set a "neutral" rating on the stock. Five research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $372.80.

Visa Stock Performance

Shares of NYSE:V traded up $6.49 during trading on Monday, hitting $355.10. 7,077,697 shares of the company were exchanged, compared to its average volume of 6,879,706. The company has a market cap of $655.22 billion, a PE ratio of 35.69, a P/E/G ratio of 2.34 and a beta of 0.94. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $375.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a 50 day moving average of $353.30 and a 200 day moving average of $340.19.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a return on equity of 56.28% and a net margin of 52.86%. The business had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter last year, the company earned $2.51 EPS. The firm's revenue was up 9.3% compared to the same quarter last year. As a group, equities research analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. Visa's dividend payout ratio (DPR) is currently 23.72%.

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.