3,010 Shares in Visa Inc. (NYSE:V) Acquired by Tandem Investment Partners LLC

Tandem Investment Partners LLC bought a new position in shares of Visa Inc. (NYSE:V - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,010 shares of the credit-card processor's stock, valued at approximately $951,000. Visa makes up 0.9% of Tandem Investment Partners LLC's investment portfolio, making the stock its 24th largest holding.

Several other hedge funds also recently made changes to their positions in the business. Decker Retirement Planning Inc. bought a new stake in shares of Visa during the 4th quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Visa during the fourth quarter worth $27,000. POM Investment Strategies LLC boosted its holdings in shares of Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after purchasing an additional 32 shares in the last quarter. Modus Advisors LLC bought a new position in shares of Visa in the 4th quarter valued at $32,000. Finally, Compass Planning Associates Inc acquired a new position in shares of Visa during the 4th quarter worth $32,000. 82.15% of the stock is owned by institutional investors.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the sale, the insider now directly owns 26,413 shares in the company, valued at $8,642,333.60. The trade was a 59.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the transaction, the general counsel now directly owns 11,925 shares in the company, valued at $4,054,500. This represents a 17.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock valued at $48,842,490 in the last ninety days. 0.13% of the stock is currently owned by insiders.

Visa Stock Up 2.8 %

Visa stock traded up $9.08 during midday trading on Friday, hitting $333.69. 6,802,196 shares of the stock were exchanged, compared to its average volume of 7,281,557. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $619.91 billion, a price-to-earnings ratio of 33.64, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The business's 50-day moving average price is $342.40 and its 200-day moving average price is $318.76.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share 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%. On average, research analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.71%. Visa's dividend payout ratio (DPR) is presently 23.79%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on V. Wells Fargo & Company upped their price objective on shares of Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Citigroup reiterated a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. Evercore ISI assumed coverage on Visa in a research report on Wednesday. They set an "in-line" rating and a $330.00 price objective on the stock. William Blair restated an "outperform" rating on shares of Visa in a report on Friday, January 31st. Finally, Raymond James reiterated an "outperform" rating and issued a $393.00 price objective (up previously from $374.00) on shares of Visa in a report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $355.84.

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.