Visa Inc. (NYSE:V) Shares Bought by Bourne Lent Asset Management Inc.

Bourne Lent Asset Management Inc. boosted its holdings in shares of Visa Inc. (NYSE:V) by 18.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,034 shares of the credit-card processor’s stock after purchasing an additional 1,234 shares during the period. Visa makes up approximately 1.0% of Bourne Lent Asset Management Inc.’s holdings, making the stock its 21st biggest position. Bourne Lent Asset Management Inc.’s holdings in Visa were worth $2,539,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in V. Peterson Financial Group Inc. acquired a new position in shares of Visa in the third quarter worth about $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of Visa in the 4th quarter valued at approximately $26,000. Reston Wealth Management LLC acquired a new position in Visa in the 3rd quarter worth approximately $31,000. Modus Advisors LLC purchased a new position in Visa during the 4th quarter worth approximately $32,000. Finally, West Financial Advisors LLC raised its stake in Visa by 101.4% during the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after purchasing an additional 73 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on V shares. Bank of America raised their target price on Visa from $314.00 to $331.00 and gave the stock a “neutral” rating in a research report on Wednesday. Citigroup lifted their target price on Visa from $326.00 to $354.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Wells Fargo & Company increased their price target on shares of Visa from $325.00 to $360.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Finally, BMO Capital Markets increased their target price on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus target price of $334.58.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Visa Trading Up 0.6 %

Visa stock opened at $330.20 on Friday. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $331.09. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market capitalization of $615.11 billion, a PE ratio of 33.94, a PEG ratio of 2.17 and a beta of 0.96. The business’s 50-day simple moving average is $314.54 and its 200-day simple moving average is $289.98.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping the consensus estimate of $2.58 by $0.13. The company had revenue of $9.62 billion for 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%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.33 EPS. Equities research analysts forecast that Visa Inc. will post 11.19 earnings per share for the current year.

Visa Increases Dividend

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

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.