Tandem Investment Advisors Inc. Sells 11,660 Shares of Visa Inc. (NYSE:V)

Tandem Investment Advisors Inc. reduced its holdings in Visa Inc. (NYSE:V) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 410,484 shares of the credit-card processor’s stock after selling 11,660 shares during the quarter. Visa makes up approximately 4.9% of Tandem Investment Advisors Inc.’s holdings, making the stock its 2nd largest holding. Tandem Investment Advisors Inc.’s holdings in Visa were worth $129,729,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Aspen Investment Management Inc boosted its holdings in shares of Visa by 1.1% in the 4th quarter. Aspen Investment Management Inc now owns 7,148 shares of the credit-card processor’s stock worth $2,259,000 after acquiring an additional 76 shares in the last quarter. Prakash Investment Advisors LLC acquired a new position in shares of Visa in the 4th quarter worth approximately $221,000. Mattern Capital Management LLC boosted its holdings in shares of Visa by 4.5% in the 4th quarter. Mattern Capital Management LLC now owns 26,072 shares of the credit-card processor’s stock worth $8,240,000 after acquiring an additional 1,118 shares in the last quarter. Dash Acquisitions Inc. boosted its holdings in shares of Visa by 2.5% in the 4th quarter. Dash Acquisitions Inc. now owns 76,988 shares of the credit-card processor’s stock worth $25,751,000 after acquiring an additional 1,904 shares in the last quarter. Finally, Zullo Investment Group Inc. lifted its holdings in Visa by 0.5% during the 4th quarter. Zullo Investment Group Inc. now owns 7,263 shares of the credit-card processor’s stock worth $2,296,000 after buying an additional 39 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on V. Mizuho upped their price objective on Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Macquarie upped their price objective on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Oppenheimer reaffirmed an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Morgan Stanley upped their price objective on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, Wells Fargo & Company upped their price objective on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $353.96.

Visa Price Performance

V stock opened at $348.27 on Friday. The stock has a 50-day moving average price of $329.14 and a two-hundred day moving average price of $302.34. The stock has a market cap of $647.01 billion, a PE ratio of 35.11, a price-to-earnings-growth ratio of 2.33 and a beta of 0.97. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $357.15.

Visa (NYSE:V) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Equities analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Insiders Place Their Bets

In other news, CAO Peter M. Andreski sold 2,332 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the transaction, the insider now owns 36,566 shares of the company’s stock, valued at $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,885 shares of company stock worth $19,161,447. Corporate insiders own 0.13% of the company’s stock.

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.