Harrell Investment Partners LLC Boosts Stock Position in Visa Inc. (NYSE:V)

Harrell Investment Partners LLC lifted its stake in Visa Inc. (NYSE:V) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,829 shares of the credit-card processor’s stock after purchasing an additional 175 shares during the quarter. Visa comprises about 1.4% of Harrell Investment Partners LLC’s holdings, making the stock its 24th largest holding. Harrell Investment Partners LLC’s holdings in Visa were worth $5,003,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in V. Clarendon Private LLC acquired a new stake in shares of Visa in the 4th quarter worth $696,000. Crescent Grove Advisors LLC increased its position in Visa by 2.2% during the fourth quarter. Crescent Grove Advisors LLC now owns 1,437 shares of the credit-card processor’s stock worth $454,000 after purchasing an additional 31 shares during the last quarter. Marshall Financial Group LLC increased its position in Visa by 1.3% during the fourth quarter. Marshall Financial Group LLC now owns 11,931 shares of the credit-card processor’s stock worth $3,771,000 after purchasing an additional 152 shares during the last quarter. Regency Capital Management Inc. DE raised its stake in Visa by 2.2% during the fourth quarter. Regency Capital Management Inc. DE now owns 11,304 shares of the credit-card processor’s stock worth $3,573,000 after purchasing an additional 243 shares during the period. Finally, First Citizens Bank & Trust Co. grew its stake in shares of Visa by 1.1% in the 4th quarter. First Citizens Bank & Trust Co. now owns 63,574 shares of the credit-card processor’s stock valued at $20,092,000 after buying an additional 668 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on V shares. Susquehanna lifted their price target on shares of Visa from $339.00 to $375.00 and gave the company a “positive” rating in a research report on Wednesday, December 11th. Jefferies Financial Group upped their price target on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. TD Cowen raised their price objective on Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Piper Sandler upped their target price on shares of Visa from $322.00 to $368.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, Morgan Stanley increased their target price on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $335.52.

Insiders Place Their Bets

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

Visa Stock Up 0.1 %

Shares of Visa stock opened at $334.80 on Wednesday. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $337.83. The company has a 50 day moving average of $315.39 and a 200 day moving average of $291.29. The company has a market capitalization of $623.69 billion, a P/E ratio of 34.41, a P/E/G ratio of 2.17 and a beta of 0.96. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55.

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

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.