Harbour Capital Advisors LLC Has $8.51 Million Holdings in Visa Inc. (NYSE:V)

Harbour Capital Advisors LLC grew its holdings in Visa Inc. (NYSE:V) by 0.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,554 shares of the credit-card processor’s stock after acquiring an additional 119 shares during the period. Visa accounts for approximately 2.1% of Harbour Capital Advisors LLC’s holdings, making the stock its 8th largest position. Harbour Capital Advisors LLC’s holdings in Visa were worth $8,507,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in V. Livelsberger Financial Advisory bought a new stake in shares of Visa during the 4th quarter worth $25,000. Westend Capital Management LLC acquired a new position in Visa during the 1st quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new position in Visa during the 4th quarter valued at $32,000. Frank Rimerman Advisors LLC acquired a new position in Visa during the 4th quarter valued at $33,000. Finally, Valued Wealth Advisors LLC acquired a new position in Visa during the 4th quarter valued at $37,000. 82.15% of the stock is owned by institutional investors.

Visa Stock Down 1.5 %

Shares of NYSE V opened at $262.47 on Friday. The firm has a market capitalization of $480.04 billion, a PE ratio of 29.33, a price-to-earnings-growth ratio of 1.80 and a beta of 0.97. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a 1 year low of $227.68 and a 1 year high of $290.96. The firm’s 50-day moving average is $273.88 and its 200-day moving average is $273.50.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.08. The company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.09 EPS. Equities analysts expect that Visa Inc. will post 9.94 EPS for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were given a $0.52 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.79%. Visa’s dividend payout ratio is 23.24%.

Insider Activity at Visa

In other Visa news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now directly owns 2,591 shares in the company, valued at approximately $713,950.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Visa news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now directly owns 2,591 shares in the company, valued at approximately $713,950.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the sale, the insider now owns 17,894 shares in the company, valued at $4,959,322.10. The disclosure for this sale can be found here. Insiders have sold 34,402 shares of company stock worth $9,559,382 in the last ninety days. Company insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Redburn Atlantic reiterated a “neutral” rating and set a $307.00 target price on shares of Visa in a research note on Wednesday, March 27th. Piper Sandler started coverage on shares of Visa in a research note on Monday, May 13th. They issued an “overweight” rating and a $322.00 price objective for the company. Mizuho increased their price objective on shares of Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Wells Fargo & Company increased their price objective on shares of Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Finally, TD Cowen started coverage on shares of Visa in a research note on Thursday, April 11th. They issued a “buy” rating and a $320.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $303.56.

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.