Visa Inc (V) : Dg Capital Management Inc reduced its stake in Visa Inc by 7.66% during the most recent quarter end. The investment management company now holds a total of 47,708 shares of Visa Inc which is valued at $3.7 Million after selling 3,960 shares in Visa Inc , the firm said in a disclosure report filed with the SEC on May 11, 2016.Visa Inc makes up approximately 3.62% of Dg Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Martingale Asset Management L P reduced its stake in V by selling 1,407 shares or 3.2% in the most recent quarter. The Hedge Fund company now holds 42,587 shares of V which is valued at $3.3 Million. Visa Inc makes up approx 0.06% of Martingale Asset Management L P’s portfolio.Condor Capital Management reduced its stake in V by selling 120 shares or 0.37% in the most recent quarter. The Hedge Fund company now holds 32,347 shares of V which is valued at $2.5 Million. Visa Inc makes up approx 0.61% of Condor Capital Management’s portfolio. Foster Dykema Cabot Co Incma added V to its portfolio by purchasing 53,000 company shares during the most recent quarter which is valued at $4.1 Million. Visa Inc makes up approx 0.99% of Foster Dykema Cabot Co Incma’s portfolio.Cortland Associates Incmo reduced its stake in V by selling 286,369 shares or 31.77% in the most recent quarter. The Hedge Fund company now holds 615,089 shares of V which is valued at $47.8 Million. Visa Inc makes up approx 10.15% of Cortland Associates Incmo’s portfolio.Newsquare Capital boosted its stake in V in the latest quarter, The investment management firm added 201 additional shares and now holds a total of 257 shares of Visa Inc which is valued at $19,851. Visa Inc makes up approx 0.01% of Newsquare Capital’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.