Stralem Co Inc Lowers stake in Visa Inc (V)

Visa Inc (V) : Stralem Co Inc reduced its stake in Visa Inc by 9.88% during the most recent quarter end. The investment management company now holds a total of 364,350 shares of Visa Inc which is valued at $28,823,729 after selling 39,949 shares in Visa Inc , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Visa Inc makes up approximately 3.10% of Stralem Co Inc’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 , Traynor Capital Management reduced its stake in V by selling 4,524 shares or 37.05% in the most recent quarter. The Hedge Fund company now holds 7,688 shares of V which is valued at $608,198. Visa Inc makes up approx 0.47% of Traynor Capital Management’s portfolio.Heritage Investors Management Corp boosted its stake in V in the latest quarter, The investment management firm added 1,360 additional shares and now holds a total of 18,796 shares of Visa Inc which is valued at $1,505,184. Visa Inc makes up approx 0.11% of Heritage Investors Management Corp’s portfolio.Central Bank Trust Co reduced its stake in V by selling 13,740 shares or 9.52% in the most recent quarter. The Hedge Fund company now holds 130,566 shares of V which is valued at $10,455,725. Visa Inc makes up approx 2.91% of Central Bank Trust Co’s portfolio.Stillwater Capital Advisors reduced its stake in V by selling 6,171 shares or 3.17% in the most recent quarter. The Hedge Fund company now holds 188,381 shares of V which is valued at $15,085,550. Visa Inc makes up approx 4.38% of Stillwater Capital Advisors’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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