Visa Inc (V) : Bangor Savings Bank reduced its stake in Visa Inc by 0.21% during the most recent quarter end. The investment management company now holds a total of 27,708 shares of Visa Inc which is valued at $2.2 Million after selling 59 shares in Visa Inc , the firm said in a disclosure report filed with the SEC on May 26, 2016.Visa Inc makes up approximately 0.54% of Bangor Savings Bank’s portfolio.
Other Hedge Funds, Including , Hodges Capital Management reduced its stake in V by selling 407 shares or 2.47% in the most recent quarter. The Hedge Fund company now holds 16,082 shares of V which is valued at $1.3 Million. Visa Inc makes up approx 0.06% of Hodges Capital Management’s portfolio.Jacobs Levy Equity Management Inc reduced its stake in V by selling 299,650 shares or 45.43% in the most recent quarter. The Hedge Fund company now holds 359,972 shares of V which is valued at $28 Million. Visa Inc makes up approx 0.59% of Jacobs Levy Equity Management Inc’s portfolio.Victory Capital Management Inc reduced its stake in V by selling 316,797 shares or 23.63% in the most recent quarter. The Hedge Fund company now holds 1,024,089 shares of V which is valued at $78.7 Million. Visa Inc makes up approx 0.34% of Victory Capital Management Inc’s portfolio.Ironbridge Capital Management Lp boosted its stake in V in the latest quarter, The investment management firm added 34,508 additional shares and now holds a total of 444,915 shares of Visa Inc which is valued at $34.2 Million. Visa Inc makes up approx 1.37% of Ironbridge Capital Management Lp’s portfolio.
Visa Inc opened for trading at $78.69 and hit $79.315 on the upside on Wednesday, eventually ending the session at $79.22, with a gain of 0.35% or 0.28 points. The heightened volatility saw the trading volume jump to 45,07,035 shares. Company has a market cap of $171,841 M.
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. 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.