Winslow Capital Management Lowers stake in Visa Inc (V)

Visa Inc (V) : Winslow Capital Management reduced its stake in Visa Inc by 0.71% during the most recent quarter end. The investment management company now holds a total of 12,988,704 shares of Visa Inc which is valued at $1,039,356,094 after selling 92,547 shares in Visa Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Visa Inc makes up approximately 3.99% of Winslow Capital Management’s portfolio.

Other Hedge Funds, Including , Bsw Wealth Partners sold out all of its stake in V during the most recent quarter. The investment firm sold 2,970 shares of V which is valued $237,659.Twin Capital Management Inc reduced its stake in V by selling 2,700 shares or 2.49% in the most recent quarter. The Hedge Fund company now holds 105,560 shares of V which is valued at $8,457,467. Visa Inc makes up approx 0.61% of Twin Capital Management Inc’s portfolio.Davy Asset Management Ltd boosted its stake in V in the latest quarter, The investment management firm added 2,998 additional shares and now holds a total of 96,235 shares of Visa Inc which is valued at $7,574,657. Visa Inc makes up approx 1.52% of Davy Asset Management Ltd’s portfolio.Ownership Capital B.v. boosted its stake in V in the latest quarter, The investment management firm added 144,323 additional shares and now holds a total of 706,149 shares of Visa Inc which is valued at $55,453,881. Visa Inc makes up approx 8.43% of Ownership Capital B.v.’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.

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