Visa Inc (V) : Stralem Co Inc reduced its stake in Visa Inc by 8.54% during the most recent quarter end. The investment management company now holds a total of 333,250 shares of Visa Inc which is valued at $26,446,720 after selling 31,100 shares in Visa Inc , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Visa Inc makes up approximately 2.99% of Stralem Co Inc’s portfolio.
Other Hedge Funds, Including , Telemus Capital reduced its stake in V by selling 7,962 shares or 11.25% in the most recent quarter. The Hedge Fund company now holds 62,800 shares of V which is valued at $4,983,808. Visa Inc makes up approx 0.57% of Telemus Capital’s portfolio.Capstone Asset Management Co boosted its stake in V in the latest quarter, The investment management firm added 6,116 additional shares and now holds a total of 165,319 shares of Visa Inc which is valued at $12,805,610. Visa Inc makes up approx 0.38% of Capstone Asset Management Co’s portfolio.Foothills Asset Management Ltd. reduced its stake in V by selling 570 shares or 1.29% in the most recent quarter. The Hedge Fund company now holds 43,604 shares of V which is valued at $3,377,566. Visa Inc makes up approx 2.62% of Foothills Asset Management Ltd.’s portfolio.Osborn Rohs Williams Donohoe Ltd reduced its stake in V by selling 1,079 shares or 1.05% in the most recent quarter. The Hedge Fund company now holds 102,110 shares of V which is valued at $7,803,246. Visa Inc makes up approx 1.50% of Osborn Rohs Williams Donohoe Ltd’s portfolio.
Visa Inc opened for trading at $78.75 and hit $79.75 on the upside on Wednesday, eventually ending the session at $79.36, with a gain of 0.81% or 0.64 points. The heightened volatility saw the trading volume jump to 79,22,144 shares. Company has a market cap of $172,145 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. JP Morgan Resumed Visa Inc on Jun 6, 2016 to “Overweight”, Price Target of the shares are set at $88.
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.