Putnam Fl Investment Management Co Lowers stake in Visa Inc (V)

Visa Inc (V) : Putnam Fl Investment Management Co reduced its stake in Visa Inc by 16.26% during the most recent quarter end. The investment management company now holds a total of 260,633 shares of Visa Inc which is valued at $20,514,423 after selling 50,615 shares in Visa Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Visa Inc makes up approximately 2.36% of Putnam Fl Investment Management Co’s portfolio.

Other Hedge Funds, Including , Riverpark Capital Management boosted its stake in V in the latest quarter, The investment management firm added 15,236 additional shares and now holds a total of 78,933 shares of Visa Inc which is valued at $6,212,816. Visa Inc makes up approx 2.81% of Riverpark Capital Management’s portfolio.Eads Heald Investment Counsel reduced its stake in V by selling 650 shares or 2.4% in the most recent quarter. The Hedge Fund company now holds 26,431 shares of V which is valued at $2,062,940. Visa Inc makes up approx 1.39% of Eads Heald Investment Counsel’s portfolio.Pggm Investments boosted its stake in V in the latest quarter, The investment management firm added 11,967 additional shares and now holds a total of 920,795 shares of Visa Inc which is valued at $72,310,031. Visa Inc makes up approx 0.36% of Pggm Investments’s portfolio.First Hawaiian Bank boosted its stake in V in the latest quarter, The investment management firm added 108 additional shares and now holds a total of 2,996 shares of Visa Inc which is valued at $232,070. Visa Inc makes up approx 0.04% of First Hawaiian Bank’s portfolio.Dnb Asset Management As reduced its stake in V by selling 1,800 shares or 0.67% in the most recent quarter. The Hedge Fund company now holds 266,268 shares of V which is valued at $20,348,201. Visa Inc makes up approx 0.42% of Dnb Asset Management As’s portfolio.

Visa Inc opened for trading at $78.83 and hit $79.65 on the upside on Thursday, eventually ending the session at $79.48, with a gain of 0.98% or 0.77 points. The heightened volatility saw the trading volume jump to 59,54,363 shares. Company has a market cap of $170,832 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.

Investors should note that on Jul 19, 2016, Visa Inc announced a cash dividend of $0.1400. The company’s management has announced Aug 17, 2016 as the ex-dividend date and fixed the record date on Aug 19, 2016. The payable date has been fixed on Sep 6, 2016.

Many Wall Street Analysts have commented on Visa Inc. Company shares were Reiterated by Stifel on Jul 22, 2016 to “Buy”, Firm has raised the Price Target to $ 91 from a previous price target of $86 .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.

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