Visa Inc. (NYSE:V) Shares Sold by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC reduced its holdings in shares of Visa Inc. (NYSE:V) by 0.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,491 shares of the credit-card processor’s stock after selling 164 shares during the quarter. Visa makes up about 2.0% of Harbour Capital Advisors LLC’s portfolio, making the stock its 9th biggest holding. Harbour Capital Advisors LLC’s holdings in Visa were worth $8,972,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Inspire Advisors LLC acquired a new position in shares of Visa in the second quarter valued at about $218,000. Lyell Wealth Management LP grew its position in shares of Visa by 5.0% during the 2nd quarter. Lyell Wealth Management LP now owns 45,882 shares of the credit-card processor’s stock worth $12,043,000 after purchasing an additional 2,204 shares in the last quarter. Diversify Wealth Management LLC bought a new position in shares of Visa during the second quarter worth approximately $3,560,000. Hanson & Doremus Investment Management raised its position in shares of Visa by 3.3% in the second quarter. Hanson & Doremus Investment Management now owns 20,459 shares of the credit-card processor’s stock valued at $5,370,000 after buying an additional 646 shares in the last quarter. Finally, Pinion Investment Advisors LLC boosted its stake in shares of Visa by 2.3% in the second quarter. Pinion Investment Advisors LLC now owns 5,674 shares of the credit-card processor’s stock valued at $1,489,000 after buying an additional 128 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Down 0.6 %

Visa stock traded down $1.99 during midday trading on Monday, hitting $305.72. 3,110,920 shares of the stock were exchanged, compared to its average volume of 5,138,308. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $321.61. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The business’s 50-day moving average price is $312.14 and its 200-day moving average price is $287.04. The stock has a market capitalization of $569.52 billion, a price-to-earnings ratio of 31.42, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the previous year, the firm earned $2.33 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. On average, research analysts expect that Visa Inc. will post 11.23 EPS for the current fiscal year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were paid a $0.59 dividend. The ex-dividend date was Tuesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.77%. Visa’s payout ratio is presently 24.25%.

Analysts Set New Price Targets

Several analysts recently issued reports on V shares. Mizuho lifted their price objective on shares of Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods lifted their price target on Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Bank of America upped their price objective on Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Jefferies Financial Group increased their target price on shares of Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, TD Cowen increased their price objective on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $330.85.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction that occurred 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 $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

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.