Profit Investment Management Lowers stake in Visa Inc (V)

Visa Inc (V) : Profit Investment Management reduced its stake in Visa Inc by 31.43% during the most recent quarter end. The investment management company now holds a total of 78,860 shares of Visa Inc which is valued at $6,238,615 after selling 36,143 shares in Visa Inc , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.Visa Inc makes up approximately 2.62% of Profit Investment Management’s portfolio.

Visa Inc closed down -1.68 points or -2.08% at $79.11 with 1,82,16,044 shares getting traded on Friday. Post opening the session at $78, the shares hit an intraday low of $77.28 and an intraday high of $79.355 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Youngs Advisory Group reduced its stake in V by selling 203 shares or 2.67% in the most recent quarter. The Hedge Fund company now holds 7,393 shares of V which is valued at $584,860. Visa Inc makes up approx 0.49% of Youngs Advisory Group’s portfolio.Capital One National Association boosted its stake in V in the latest quarter, The investment management firm added 7,844 additional shares and now holds a total of 144,778 shares of Visa Inc which is valued at $11,453,388. Visa Inc makes up approx 1.02% of Capital One National Association’s portfolio.Koshinski Asset Management boosted its stake in V in the latest quarter, The investment management firm added 10,779 additional shares and now holds a total of 17,645 shares of Visa Inc which is valued at $1,413,012. Visa Inc makes up approx 0.91% of Koshinski Asset Management’s portfolio.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.Waverton Investment Management Ltd reduced its stake in V by selling 7,800 shares or 19.95% in the most recent quarter. The Hedge Fund company now holds 31,300 shares of V which is valued at $2,435,766. Visa Inc makes up approx 0.19% of Waverton Investment Management Ltd’s portfolio.

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.

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