Bristol Gate Capital Partners adds Visa Inc (V) to its portfolio

Visa Inc (V) : Bristol Gate Capital Partners added new position in Visa Inc during the most recent quarter end. The investment management firm now holds 339,828 shares of Visa Inc which is valued at $26.1 Million , the company said in a statement filed on May 11, 2016 with the SEC.Visa Inc makes up approximately 4.93% of Bristol Gate Capital Partners’s portfolio.

Other Hedge Funds, Including , Provise Management Group boosted its stake in V in the latest quarter, The investment management firm added 10,240 additional shares and now holds a total of 77,307 shares of Visa Inc which is valued at $5.9 Million. Visa Inc makes up approx 1.22% of Provise Management Group’s portfolio. Payden Rygel sold out all of its stake in V during the most recent quarter. The investment firm sold 252 shares of V which is valued $19,585. Summit Asset Management added V to its portfolio by purchasing 4,420 company shares during the most recent quarter which is valued at $343,522. Visa Inc makes up approx 0.16% of Summit Asset Management’s portfolio.Tdam Usa reduced its stake in V by selling 16,241 shares or 4.9% in the most recent quarter. The Hedge Fund company now holds 315,456 shares of V which is valued at $24.5 Million. Visa Inc makes up approx 1.20% of Tdam Usa’s portfolio.River Wealth Advisors boosted its stake in V in the latest quarter, The investment management firm added 1,514 additional shares and now holds a total of 10,446 shares of Visa Inc which is valued at $806,849. Visa Inc makes up approx 0.48% of River Wealth Advisors’s portfolio.

Visa Inc opened for trading at $77.02 and hit $78.055 on the upside on Monday, eventually ending the session at $77.8, with a gain of 1.26% or 0.97 points. The heightened volatility saw the trading volume jump to 85,97,943 shares. Company has a market cap of $168,761 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.

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. 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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