Osher Van De Voorde Investment Management buys $8,325,222 stake in Visa Inc (V)

Visa Inc (V) : Osher Van De Voorde Investment Management scooped up 22,908 additional shares in Visa Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 108,359 shares of Visa Inc which is valued at $8,325,222.Visa Inc makes up approximately 5.34% of Osher Van De Voorde Investment Management’s portfolio.

Other Hedge Funds, Including , Suffolk Capital Management reduced its stake in V by selling 16,343 shares or 17.4% in the most recent quarter. The Hedge Fund company now holds 77,589 shares of V which is valued at $5,961,163. Visa Inc makes up approx 0.80% of Suffolk Capital Management’s portfolio.Centre Asset Management reduced its stake in V by selling 55,130 shares or 27.61% in the most recent quarter. The Hedge Fund company now holds 144,580 shares of V which is valued at $11,236,758. Visa Inc makes up approx 1.97% of Centre Asset Management’s portfolio.Benedict Financial Advisors Inc boosted its stake in V in the latest quarter, The investment management firm added 86 additional shares and now holds a total of 19,356 shares of Visa Inc which is valued at $1,504,348. Visa Inc makes up approx 0.92% of Benedict Financial Advisors Inc’s portfolio. Trust Investment Advisors added V to its portfolio by purchasing 8,075 company shares during the most recent quarter which is valued at $627,589. Visa Inc makes up approx 0.72% of Trust Investment Advisors’s portfolio.Pineno Levin Ford Asset Management boosted its stake in V in the latest quarter, The investment management firm added 732 additional shares and now holds a total of 17,208 shares of Visa Inc which is valued at $1,329,146. Visa Inc makes up approx 0.70% of Pineno Levin Ford Asset Management’s portfolio.

Visa Inc closed down -1.06 points or -1.36% at $76.83 with 75,62,720 shares getting traded on Friday. Post opening the session at $77.71, the shares hit an intraday low of $76.83 and an intraday high of $78.28 and the price fluctuated in this range throughout the day.Shares ended Friday 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 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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