Tandem Investment Advisors Inc. Sells 9,673 Shares of Visa Inc. (NYSE:V)

Tandem Investment Advisors Inc. lowered its stake in shares of Visa Inc. (NYSE:V - Free Report) by 2.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 400,811 shares of the credit-card processor's stock after selling 9,673 shares during the period. Visa makes up 4.9% of Tandem Investment Advisors Inc.'s portfolio, making the stock its 2nd biggest position. Tandem Investment Advisors Inc.'s holdings in Visa were worth $140,468,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in V. Sovereign Investment Advisors LLC bought a new position in Visa during the fourth quarter worth about $424,000. Brighton Jones LLC lifted its holdings in shares of Visa by 50.1% during the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock valued at $6,522,000 after purchasing an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of Visa by 68.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock valued at $3,733,000 after purchasing an additional 4,817 shares during the period. Leverage Partners Absolute Return Fund SPC acquired a new position in shares of Visa in the 4th quarter valued at approximately $204,000. Finally, SOA Wealth Advisors LLC. grew its position in shares of Visa by 7.0% in the 4th quarter. SOA Wealth Advisors LLC. now owns 2,855 shares of the credit-card processor's stock valued at $902,000 after purchasing an additional 187 shares during the period. Institutional investors own 82.15% of the company's stock.

Visa Stock Down 0.6%

Shares of Visa stock traded down $2.21 on Tuesday, reaching $354.43. 6,964,583 shares of the company were exchanged, compared to its average volume of 6,837,239. Visa Inc. has a one year low of $252.70 and a one year high of $375.51. The company has a market capitalization of $653.98 billion, a price-to-earnings ratio of 35.62, a PEG ratio of 2.42 and a beta of 0.92. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average of $356.43 and a 200 day moving average of $342.00.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. The company had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. The business's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.51 EPS. On average, equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's payout ratio is presently 23.72%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Susquehanna reiterated a "positive" rating on shares of Visa in a research report on Friday, March 21st. Barclays reiterated an "overweight" rating on shares of Visa in a research report on Friday, June 13th. Macquarie decreased their price objective on Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, Truist Financial began coverage on Visa in a research note on Monday, June 2nd. They issued a "buy" rating and a $400.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $372.84.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 46,214 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the transaction, the insider directly owned 26,413 shares of the company's stock, valued at approximately $9,772,810. The trade was a 63.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the transaction, the chief executive officer directly owned 537 shares in the company, valued at $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,108 shares of company stock valued at $36,771,200. 0.13% of the stock is owned by 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.