Blue Fin Capital Lowers stake in Visa Inc (V)

Visa Inc (V) : Blue Fin Capital reduced its stake in Visa Inc by 10.66% during the most recent quarter end. The investment management company now holds a total of 29,801 shares of Visa Inc which is valued at $2,386,464 after selling 3,555 shares in Visa Inc , the firm said in a disclosure report filed with the SEC on Apr 14, 2016.Visa Inc makes up approximately 2.01% of Blue Fin Capital’s portfolio.

Visa Inc opened for trading at $80.2 and hit $81.55 on the upside on Monday, eventually ending the session at $81.45, with a gain of 1.71% or 1.37 points. The heightened volatility saw the trading volume jump to 77,61,240 shares. Company has a market cap of $177,891 M.

Other Hedge Funds, Including , Manning Napier Advisors reduced its stake in V by selling 152,378 shares or 4.09% in the most recent quarter. The Hedge Fund company now holds 3,577,316 shares of V which is valued at $286,471,465. Visa Inc makes up approx 1.78% of Manning Napier Advisors’s portfolio. Wunderlich Securities sold out all of its stake in V during the most recent quarter. The investment firm sold 3,123 shares of V which is valued $250,090.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in V in the latest quarter, The investment management firm added 56,720 additional shares and now holds a total of 444,090 shares of Visa Inc which is valued at $35,562,727. Visa Inc makes up approx 0.82% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Private Asset Management Inc reduced its stake in V by selling 2,315 shares or 1.58% in the most recent quarter. The Hedge Fund company now holds 144,502 shares of V which is valued at $11,245,146. Visa Inc makes up approx 2.05% of Private Asset Management Inc’s portfolio.Pensionfund Sabic boosted its stake in V in the latest quarter, The investment management firm added 9,500 additional shares and now holds a total of 45,500 shares of Visa Inc which is valued at $3,540,810. Visa Inc makes up approx 1.08% of Pensionfund Sabic’s portfolio.

On the company’s financial health, Visa Inc reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $0.68. The company had revenue of $3565.00 million for the quarter, compared to analysts expectations of $3605.16 million. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.53 EPS.

Many Wall Street Analysts have commented on Visa Inc. 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. Shares were Reiterated by RBC Capital Mkts on Jan 29, 2016 to “Outperform” and Lowered the Price Target to $ 87 from a previous price target of $91 .

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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