Tandem Investment Partners LLC Buys 375 Shares of Visa Inc. $V

Tandem Investment Partners LLC boosted its stake in shares of Visa Inc. (NYSE:V) by 12.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,385 shares of the credit-card processor’s stock after acquiring an additional 375 shares during the quarter. Visa comprises about 1.0% of Tandem Investment Partners LLC’s investment portfolio, making the stock its 26th biggest position. Tandem Investment Partners LLC’s holdings in Visa were worth $1,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Hill Island Financial LLC bought a new stake in Visa during the second quarter worth approximately $438,000. Firethorn Wealth Partners LLC grew its stake in shares of Visa by 2.0% during the second quarter. Firethorn Wealth Partners LLC now owns 1,696 shares of the credit-card processor’s stock valued at $602,000 after buying an additional 33 shares during the last quarter. Bay Harbor Wealth Management LLC grew its stake in shares of Visa by 38.5% during the second quarter. Bay Harbor Wealth Management LLC now owns 511 shares of the credit-card processor’s stock valued at $181,000 after buying an additional 142 shares during the last quarter. Talbot Financial LLC grew its stake in shares of Visa by 17.7% during the second quarter. Talbot Financial LLC now owns 62,847 shares of the credit-card processor’s stock valued at $22,314,000 after buying an additional 9,456 shares during the last quarter. Finally, Financial Insights Inc. grew its stake in shares of Visa by 2.8% during the second quarter. Financial Insights Inc. now owns 2,604 shares of the credit-card processor’s stock valued at $925,000 after buying an additional 72 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Stock Up 0.8%

Shares of NYSE:V opened at $351.96 on Wednesday. Visa Inc. has a 52-week low of $274.01 and a 52-week high of $375.51. The stock has a market cap of $645.06 billion, a P/E ratio of 34.37, a price-to-earnings-growth ratio of 2.07 and a beta of 0.90. The business’s 50 day moving average is $343.65 and its 200 day moving average is $346.93. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.13. Visa had a return on equity of 58.93% and a net margin of 52.16%.The company had revenue of $10.17 billion for the quarter, compared to analysts’ expectations of $9.82 billion. During the same quarter in the prior year, the firm earned $2.42 earnings per share. Visa’s revenue was up 14.3% compared to the same quarter last year. Sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Visa’s dividend payout ratio is currently 23.05%.

Analyst Ratings Changes

A number of research analysts have recently commented on V shares. Morgan Stanley upped their target price on Visa from $386.00 to $402.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Visa in a research note on Saturday, September 27th. Barclays reaffirmed an “overweight” rating and set a $408.00 target price (up previously from $396.00) on shares of Visa in a research note on Thursday, July 31st. Raymond James Financial reaffirmed an “outperform” rating on shares of Visa in a research note on Wednesday, July 30th. Finally, Macquarie upped their target price on Visa from $380.00 to $425.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $389.00.

Insiders Place Their Bets

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the sale, the general counsel owned 11,925 shares in the company, valued at $4,102,438.50. This represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total value of $3,589,015.50. Following the sale, the chief executive officer owned 537 shares of the company’s stock, valued at approximately $183,815.10. This represents a 95.13% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Visa 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.