Tandem Investment Partners LLC Boosts Stock Position in Visa Inc. $V

Tandem Investment Partners LLC lifted its position in Visa Inc. (NYSE:V) by 12.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,385 shares of the credit-card processor’s stock after purchasing an additional 375 shares during the quarter. Visa accounts for about 1.0% of Tandem Investment Partners LLC’s holdings, making the stock its 26th largest holding. Tandem Investment Partners LLC’s holdings in Visa were worth $1,202,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Hill Island Financial LLC purchased a new stake in Visa during the 2nd quarter valued at about $438,000. Firethorn Wealth Partners LLC raised its position in Visa by 2.0% during the 2nd quarter. Firethorn Wealth Partners LLC now owns 1,696 shares of the credit-card processor’s stock valued at $602,000 after purchasing an additional 33 shares during the last quarter. Bay Harbor Wealth Management LLC raised its position in Visa by 38.5% during the 2nd quarter. Bay Harbor Wealth Management LLC now owns 511 shares of the credit-card processor’s stock valued at $181,000 after purchasing an additional 142 shares during the last quarter. Talbot Financial LLC raised its position in Visa by 17.7% during the 2nd quarter. Talbot Financial LLC now owns 62,847 shares of the credit-card processor’s stock valued at $22,314,000 after purchasing an additional 9,456 shares during the last quarter. Finally, Financial Insights Inc. raised its position in Visa by 2.8% during the 2nd quarter. Financial Insights Inc. now owns 2,604 shares of the credit-card processor’s stock valued at $925,000 after purchasing an additional 72 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Price Performance

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

Visa (NYSE:V) last issued its earnings results 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 firm had revenue of $10.17 billion for the quarter, compared to analysts’ expectations of $9.82 billion. During the same period in the previous year, the firm posted $2.42 earnings per share. The business’s revenue was up 14.3% compared to the same quarter last year. As a group, 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 was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa’s payout ratio is 23.05%.

Insider Activity

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the sale, the general counsel directly owned 11,925 shares of the company’s stock, valued at approximately $4,102,438.50. The trade was a 14.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction dated 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 completion of the transaction, 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. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on V. Oppenheimer increased their target price on Visa from $390.00 to $391.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. Erste Group Bank downgraded Visa from a “buy” rating to a “hold” rating in a research note on Monday, September 22nd. Macquarie lifted their price objective on Visa from $380.00 to $425.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Robert W. Baird set a $410.00 target price on Visa and gave the company an “outperform” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Visa in a research report on Thursday, July 17th. They set a “buy” rating and a $410.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $389.00.

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.