Thompson Investment Management Lowers stake in Visa Inc (V)

Visa Inc (V) : Thompson Investment Management reduced its stake in Visa Inc by 11.87% during the most recent quarter end. The investment management company now holds a total of 45,979 shares of Visa Inc which is valued at $3,637,399 after selling 6,195 shares in Visa Inc , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Visa Inc makes up approximately 0.75% of Thompson Investment Management’s portfolio.

Visa Inc opened for trading at $78.41 and hit $79 on the upside on Wednesday, eventually ending the session at $78.76, with a gain of 0.29% or 0.23 points. The heightened volatility saw the trading volume jump to 63,19,411 shares. Company has a market cap of $170,843 M.

Other Hedge Funds, Including , Lodestar Investment Counselil boosted its stake in V in the latest quarter, The investment management firm added 2,776 additional shares and now holds a total of 8,305 shares of Visa Inc which is valued at $657,009. Visa Inc makes up approx 0.09% of Lodestar Investment Counselil’s portfolio.First Citizens Bank Trust Co reduced its stake in V by selling 5,165 shares or 16.31% in the most recent quarter. The Hedge Fund company now holds 26,512 shares of V which is valued at $2,097,364. Visa Inc makes up approx 0.17% of First Citizens Bank Trust Co’s portfolio.Stralem Co Inc reduced its stake in V by selling 39,949 shares or 9.88% in the most recent quarter. The Hedge Fund company now holds 364,350 shares of V which is valued at $28,823,729. Visa Inc makes up approx 3.10% of Stralem Co Inc’s portfolio.Financial Investment Management Group Ltd boosted its stake in V in the latest quarter, The investment management firm added 16,188 additional shares and now holds a total of 21,993 shares of Visa Inc which is valued at $1,761,199. Visa Inc makes up approx 0.47% of Financial Investment Management Group Ltd’s portfolio.Berson Corrado Investment Advisors boosted its stake in V in the latest quarter, The investment management firm added 67 additional shares and now holds a total of 24,375 shares of Visa Inc which is valued at $1,896,863. Visa Inc makes up approx 1.19% of Berson Corrado Investment 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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