Visa Inc (V) : Edmond De Rothschild Private Merchant Banking Llp reduced its stake in Visa Inc by 11.2% during the most recent quarter end. The investment management company now holds a total of 1,474 shares of Visa Inc which is valued at $113,247 after selling 186 shares in Visa Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.Visa Inc makes up approximately 0.49% of Edmond De Rothschild Private Merchant Banking Llp’s portfolio.
Other Hedge Funds, Including , Thrivent Financial For Lutherans reduced its stake in V by selling 134,030 shares or 4.92% in the most recent quarter. The Hedge Fund company now holds 2,589,750 shares of V which is valued at $199 Million. Visa Inc makes up approx 0.99% of Thrivent Financial For Lutherans’s portfolio.Mycio Wealth Partners boosted its stake in V in the latest quarter, The investment management firm added 1,303 additional shares and now holds a total of 4,340 shares of Visa Inc which is valued at $333,442. Visa Inc makes up approx 0.06% of Mycio Wealth Partners’s portfolio.Vision Capital Management reduced its stake in V by selling 775 shares or 0.59% in the most recent quarter. The Hedge Fund company now holds 130,340 shares of V which is valued at $10 Million. Visa Inc makes up approx 2.39% of Vision Capital Management’s portfolio.Pelham Capital Ltd. boosted its stake in V in the latest quarter, The investment management firm added 21,000 additional shares and now holds a total of 82,000 shares of Visa Inc which is valued at $6.4 Million. Visa Inc makes up approx 2.41% of Pelham Capital Ltd.’s portfolio.Kames Capital Plc reduced its stake in V by selling 324,027 shares or 17.8% in the most recent quarter. The Hedge Fund company now holds 1,495,943 shares of V which is valued at $115.5 Million. Visa Inc makes up approx 3.47% of Kames Capital Plc’s portfolio.
Visa Inc opened for trading at $77.34 and hit $78.04 on the upside on Friday, eventually ending the session at $77.67, with a gain of 1.03% or 0.79 points. The heightened volatility saw the trading volume jump to 63,02,077 shares. Company has a market cap of $168,479 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.