Visa Inc (V) : Bsw Wealth Partners has sold out all of its stake in Visa Inc during the most recent quarter, according to the disclosure filed by the company on Aug 11, 2016 with the SEC. The investment management company has sold out 2,970 shares of Visa Inc which is valued at $237,659.
Other Hedge Funds, Including , Johnson Investment Counsel Inc reduced its stake in V by selling 216 shares or 1.45% in the most recent quarter. The Hedge Fund company now holds 14,653 shares of V which is valued at $1,172,533. Visa Inc makes up approx 0.04% of Johnson Investment Counsel Inc’s portfolio.Pioneer Investment Management Inc reduced its stake in V by selling 32,310 shares or 1.27% in the most recent quarter. The Hedge Fund company now holds 2,515,987 shares of V which is valued at $201,329,280. Visa Inc makes up approx 0.71% of Pioneer Investment Management Inc’s portfolio.First Eagle Investment Management boosted its stake in V in the latest quarter, The investment management firm added 5,615 additional shares and now holds a total of 2,123,418 shares of Visa Inc which is valued at $170,128,250. Visa Inc makes up approx 0.41% of First Eagle Investment Management’s portfolio.Egerton Capital (uk) Llp reduced its stake in V by selling 6,707,003 shares or 67.53% in the most recent quarter. The Hedge Fund company now holds 3,225,107 shares of V which is valued at $258,395,573. Visa Inc makes up approx 2.70% of Egerton Capital (uk) Llp’s portfolio.Osborne Partners Capital Management boosted its stake in V in the latest quarter, The investment management firm added 1,291 additional shares and now holds a total of 8,619 shares of Visa Inc which is valued at $684,004. Visa Inc makes up approx 0.10% of Osborne Partners Capital Management’s portfolio.
Visa Inc closed down -0.26 points or -0.32% at $80.8 with 1,00,07,465 shares getting traded on Tuesday. Post opening the session at $81.37, the shares hit an intraday low of $80.8 and an intraday high of $81.76 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 Stifel on Jul 22, 2016 to “Buy”, Firm has raised the Price Target to $ 91 from a previous price target of $86 .JP Morgan Resumed Visa Inc on Jun 6, 2016 to “Overweight”, Price Target of the shares are set at $88.
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.