Tandem Investment Advisors Inc. Has $101.50 Million Position in Visa Inc. (NYSE:V)

Tandem Investment Advisors Inc. trimmed its holdings in shares of Visa Inc. (NYSE:V) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 389,840 shares of the credit-card processor’s stock after selling 16,632 shares during the period. Visa makes up about 4.1% of Tandem Investment Advisors Inc.’s investment portfolio, making the stock its 3rd largest holding. Tandem Investment Advisors Inc.’s holdings in Visa were worth $101,495,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp grew its position in Visa by 3.7% in the 1st quarter. State Street Corp now owns 72,897,112 shares of the credit-card processor’s stock worth $16,435,339,000 after purchasing an additional 2,572,159 shares during the period. Morgan Stanley grew its holdings in shares of Visa by 13.0% in the fourth quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock worth $10,621,287,000 after acquiring an additional 5,864,340 shares during the period. FMR LLC increased its position in Visa by 4.7% during the third quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock valued at $11,582,785,000 after acquiring an additional 2,257,605 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in Visa by 116,608.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock valued at $5,090,978,000 after acquiring an additional 24,483,134 shares during the period. Finally, Northern Trust Corp boosted its position in Visa by 4.7% in the third quarter. Northern Trust Corp now owns 17,073,700 shares of the credit-card processor’s stock worth $3,927,122,000 after purchasing an additional 763,505 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Price Performance

NYSE:V opened at $271.37 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The firm has a market cap of $498.37 billion, a P/E ratio of 31.23, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96. The stock has a 50 day moving average of $279.71 and a two-hundred day moving average of $262.62.

Visa (NYSE:V) last issued its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. The company had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. Visa’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.18 earnings per share. On average, analysts expect that Visa Inc. will post 9.88 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio is presently 23.94%.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,965 shares of company stock valued at $5,256,352. Company insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on V. Mizuho reaffirmed a “neutral” rating and set a $265.00 price target on shares of Visa in a research report on Wednesday, March 27th. William Blair reaffirmed an “outperform” rating on shares of Visa in a report on Friday, January 26th. Redburn Atlantic reiterated a “neutral” rating and set a $307.00 price target on shares of Visa in a research note on Wednesday, March 27th. Royal Bank of Canada upped their price objective on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Finally, KeyCorp lifted their target price on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $298.43.

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.