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

Harbour Capital Advisors LLC lifted its position in shares of Visa Inc. (NYSE:V) by 0.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 30,554 shares of the credit-card processor’s stock after acquiring an additional 119 shares during the quarter. Visa makes up 2.1% of Harbour Capital Advisors LLC’s investment portfolio, 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 institutional investors and hedge funds also recently made changes to their positions in V. Livelsberger Financial Advisory bought a new position in shares of Visa during the 4th quarter worth $25,000. Westend Capital Management LLC bought a new position in shares of Visa during the 1st quarter worth $25,000. O Brien Wealth Partners LLC bought a new position in shares of Visa during the 4th quarter worth $32,000. Frank Rimerman Advisors LLC bought a new position in shares of Visa during the 4th quarter worth $33,000. Finally, Valued Wealth Advisors LLC bought a new position in Visa in the 4th quarter worth about $37,000. Institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. TD Cowen assumed coverage on Visa in a research report on Thursday, April 11th. They set a “buy” rating and a $320.00 price target on the stock. Robert W. Baird increased their target price on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Oppenheimer upped their price target on shares of Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Macquarie upped their target price on Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Finally, Citigroup upped their target price on Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $303.56.

Visa Price Performance

Shares of Visa stock opened at $262.47 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. 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 business’s 50-day moving average price is $273.88 and its 200-day moving average price is $273.50. Visa Inc. has a 12 month low of $227.68 and a 12 month high of $290.96.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.08. The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. Visa’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.09 EPS. Sell-side analysts forecast that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Dividend Announcement

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

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lloyd Carney sold 909 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The disclosure for this sale can be found here. Insiders sold 34,402 shares of company stock worth $9,559,382 in the last ninety days. 0.19% of the stock is owned by company insiders.

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.