The Visa Inc. (V) Stake Decreased by Bourgeon Capital Management LLC

The Visa Inc. (V) Stake Decreased by Bourgeon Capital Management LLC

Bourgeon Capital Management LLC decreased its stake in Visa Inc. (NYSE:V) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,670 shares of the credit-card processor’s stock after selling 750 shares during the period. Visa makes up approximately 2.3% of Bourgeon Capital Management LLC’s portfolio, making the stock its 19th largest position. Bourgeon Capital Management LLC’s holdings in Visa were worth $3,612,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Ngam Advisors L.P. increased its stake in shares of Visa by 7.4% in the second quarter. Ngam Advisors L.P. now owns 1,131,493 shares of the credit-card processor’s stock worth $83,923,000 after buying an additional 78,447 shares during the period. Reilly Herbert Faulkner III increased its stake in shares of Visa by 3.5% in the third quarter. Reilly Herbert Faulkner III now owns 51,135 shares of the credit-card processor’s stock worth $4,229,000 after buying an additional 1,736 shares during the period. Comgest Global Investors S.A.S. increased its stake in shares of Visa by 6.3% in the second quarter. Comgest Global Investors S.A.S. now owns 852,100 shares of the credit-card processor’s stock worth $63,200,000 after buying an additional 50,600 shares during the period. Calamos Advisors LLC increased its stake in shares of Visa by 66.0% in the second quarter. Calamos Advisors LLC now owns 1,519,314 shares of the credit-card processor’s stock worth $112,688,000 after buying an additional 604,051 shares during the period. Finally, Strs Ohio increased its stake in shares of Visa by 4.1% in the second quarter. Strs Ohio now owns 2,663,883 shares of the credit-card processor’s stock worth $197,580,000 after buying an additional 104,300 shares during the period. 79.52% of the stock is owned by institutional investors and hedge funds.

Shares of Visa Inc. (NYSE:V) traded up 0.49% during trading on Wednesday, reaching $81.66. 2,610,853 shares of the company were exchanged. Visa Inc. has a one year low of $66.12 and a one year high of $83.96. The company has a market capitalization of $191.08 billion, a PE ratio of 32.26 and a beta of 0.95. The firm’s 50 day moving average price is $79.08 and its 200 day moving average price is $80.34.

Visa (NYSE:V) last posted its quarterly earnings results on Monday, October 24th. The credit-card processor reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. The firm had revenue of $4.26 billion for the quarter. Visa had a return on equity of 24.31% and a net margin of 39.72%. Visa’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.62 earnings per share. Equities research analysts forecast that Visa Inc. will post $3.29 earnings per share for the current fiscal year.

V has been the subject of a number of recent research reports. Bank of America Corporation upgraded shares of Visa from a “neutral” rating to a “buy” rating and set a $92.00 price objective for the company in a research note on Thursday, December 15th. Vetr upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $87.75 price objective for the company in a research note on Thursday, October 20th. Stifel Nicolaus dropped their price objective on shares of Visa from $94.00 to $93.00 and set a “buy” rating for the company in a research note on Tuesday, October 25th. Jefferies Group restated a “buy” rating on shares of Visa in a research note on Tuesday, November 15th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $103.00 price objective on shares of Visa in a research note on Friday, October 21st. Five equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. Visa currently has a consensus rating of “Buy” and a consensus target price of $91.65.

In other Visa news, insider Charles W. Scharf sold 772,912 shares of the stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $82.65, for a total transaction of $63,881,176.80. Following the transaction, the insider now directly owns 852,880 shares in the company, valued at approximately $70,490,532. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Ryan Mcinerney sold 18,500 shares of the stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $82.92, for a total value of $1,534,020.00. Following the transaction, the president now owns 12,548 shares in the company, valued at $1,040,480.16. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Visa Company Profile

Visa Inc is a payments technology company. The Company and its subsidiaries, including Visa U.SA Inc (Visa U.SA), Visa International Service Association (Visa International), Visa Worldwide Pte. Limited, Visa Canada Corporation, Inovant LLC and CyberSource Corporation (CyberSource), operate a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions around the world.

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