Violich Capital Management Lowers stake in Visa Inc (V)

Visa Inc (V) : Violich Capital Management reduced its stake in Visa Inc by 3.81% during the most recent quarter end. The investment management company now holds a total of 178,273 shares of Visa Inc which is valued at $13,696,715 after selling 7,055 shares in Visa Inc , the firm said in a disclosure report filed with the SEC on May 9, 2016.Visa Inc makes up approximately 4.43% of Violich Capital Management’s portfolio.

Other Hedge Funds, Including , Rehmann Capital Advisory Group reduced its stake in V by selling 3,082 shares or 19.36% in the most recent quarter. The Hedge Fund company now holds 12,834 shares of V which is valued at $986,036. Visa Inc makes up approx 0.19% of Rehmann Capital Advisory Group’s portfolio.Diam Ltd. boosted its stake in V in the latest quarter, The investment management firm added 34,812 additional shares and now holds a total of 407,648 shares of Visa Inc which is valued at $31,682,403. Visa Inc makes up approx 0.46% of Diam Ltd.’s portfolio.Montecito Bank Trust boosted its stake in V in the latest quarter, The investment management firm added 1,667 additional shares and now holds a total of 13,839 shares of Visa Inc which is valued at $1,075,567. Visa Inc makes up approx 0.48% of Montecito Bank Trust’s portfolio.Ingalls Snyder boosted its stake in V in the latest quarter, The investment management firm added 322 additional shares and now holds a total of 24,665 shares of Visa Inc which is valued at $1,905,125. Visa Inc makes up approx 0.12% of Ingalls Snyder’s portfolio.Westbourne Investment Advisors boosted its stake in V in the latest quarter, The investment management firm added 1,500 additional shares and now holds a total of 16,725 shares of Visa Inc which is valued at $1,291,839. Visa Inc makes up approx 1.24% of Westbourne Investment Advisors’s portfolio.

Visa Inc closed down -1.06 points or -1.36% at $76.83 with 75,62,720 shares getting traded on Friday. Post opening the session at $77.71, the shares hit an intraday low of $76.83 and an intraday high of $78.28 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Visa Inc reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.66. The company had revenue of $3626.00 million for the quarter, compared to analysts expectations of $3600.06 million. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

Many Wall Street Analysts have commented on Visa Inc. Company shares were Reiterated by Sun Trust Rbsn Humphrey on Apr 20, 2016 to “Buy”, Firm has raised the Price Target to $ 100 from a previous price target of $85 .Compass Point Initiated Visa Inc on Apr 15, 2016 to “Neutral”, Price Target of the shares are set at $80.Visa Inc was Downgraded by BofA/Merrill to ” Neutral” on Feb 11, 2016.

Visa Inc. is a payments technology company. The Company is engaged in operating a processing network VisaNet which facilitates authorization clearing and settlement of payment transactions across the world. The Company provides its services to consumers businesses financial institutions and governments in more than 200 countries and territories for electronic payments. The Company offers fraud protection for account holders and rapid payment for merchants. The Company provides a variety of payment solutions that support payment products that issuers can offer to their account holders such as pay now with debit pay ahead with prepaid or pay later with credit products. The Company offers a suite of digital eCommerce and mobile products and services.

Leave a Reply

Visa Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Visa Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.