Harbour Trust & Investment Management Co Has $757,000 Stock Holdings in Visa Inc. (NYSE:V)

Harbour Trust & Investment Management Co lowered its holdings in shares of Visa Inc. (NYSE:V) by 5.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,752 shares of the credit-card processor’s stock after selling 149 shares during the period. Harbour Trust & Investment Management Co’s holdings in Visa were worth $757,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. International Assets Investment Management LLC boosted its position in Visa by 45,189.4% in the third quarter. International Assets Investment Management LLC now owns 9,758,505 shares of the credit-card processor’s stock valued at $2,683,101,000 after buying an additional 9,736,958 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Visa by 4,412.3% in the 3rd quarter. SG Americas Securities LLC now owns 4,072,467 shares of the credit-card processor’s stock valued at $1,119,725,000 after acquiring an additional 4,166,905 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Visa by 787.1% during the 1st quarter. National Bank of Canada FI now owns 4,619,881 shares of the credit-card processor’s stock valued at $1,296,820,000 after acquiring an additional 4,099,122 shares in the last quarter. Swedbank AB bought a new stake in Visa during the 1st quarter worth $511,321,000. Finally, GQG Partners LLC increased its holdings in Visa by 40.1% in the 1st quarter. GQG Partners LLC now owns 5,990,634 shares of the credit-card processor’s stock worth $1,671,866,000 after purchasing an additional 1,715,686 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Visa Price Performance

V stock opened at $281.73 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37. The company’s 50-day moving average is $278.73 and its 200-day moving average is $273.17. The stock has a market capitalization of $515.27 billion, a PE ratio of 31.48, a price-to-earnings-growth ratio of 1.96 and a beta of 0.96. Visa Inc. has a 1 year low of $228.03 and a 1 year high of $293.07.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.42. The business had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.16 earnings per share. Equities research analysts expect that Visa Inc. will post 9.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on V. Macquarie restated an “outperform” rating and set a $300.00 price target on shares of Visa in a report on Friday, September 27th. Bank of America boosted their target price on shares of Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Jefferies Financial Group dropped their price target on shares of Visa from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Compass Point assumed coverage on shares of Visa in a research note on Wednesday, September 4th. They issued a “buy” rating and a $319.00 price objective on the stock. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $322.00 target price on shares of Visa in a research report on Wednesday, September 25th. Four analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $314.19.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $148,687.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.