Visa Inc (V) : Brown Advisory Inc reduced its stake in Visa Inc by 1.87% during the most recent quarter end. The investment management company now holds a total of 13,409,198 shares of Visa Inc which is valued at $1,030.2 Million after selling 255,877 shares in Visa Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Visa Inc makes up approximately 3.57% of Brown Advisory Inc’s portfolio.
Other Hedge Funds, Including , Assetmark Inc boosted its stake in V in the latest quarter, The investment management firm added 1,170 additional shares and now holds a total of 16,777 shares of Visa Inc which is valued at $1.3 Million. Visa Inc makes up approx 0.02% of Assetmark Inc’s portfolio.Miles Capital reduced its stake in V by selling 106 shares or 1.26% in the most recent quarter. The Hedge Fund company now holds 8,328 shares of V which is valued at $639,840. Visa Inc makes up approx 0.43% of Miles Capital’s portfolio. Berkeley Capital Partners added V to its portfolio by purchasing 3,195 company shares during the most recent quarter which is valued at $245,472. Visa Inc makes up approx 0.18% of Berkeley Capital Partners’s portfolio.Birinyi Associates Inc reduced its stake in V by selling 3,750 shares or 28.52% in the most recent quarter. The Hedge Fund company now holds 9,400 shares of V which is valued at $730,568. Visa Inc makes up approx 0.33% of Birinyi Associates Inc’s portfolio.State Of Wisconsin Investment Board reduced its stake in V by selling 287,950 shares or 12.53% in the most recent quarter. The Hedge Fund company now holds 2,010,572 shares of V which is valued at $156.3 Million. Visa Inc makes up approx 0.61% of State Of Wisconsin Investment Board’s portfolio.
Visa Inc closed down -0.32 points or -0.40% at $79.06 with 58,49,367 shares getting traded on Wednesday. Post opening the session at $79.5, the shares hit an intraday low of $78.95 and an intraday high of $79.67 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.