Pennsylvania Trust Co Lowers stake in Visa Inc (V)

Visa Inc (V) : Pennsylvania Trust Co reduced its stake in Visa Inc by 0.02% during the most recent quarter end. The investment management company now holds a total of 182,396 shares of Visa Inc which is valued at $15,038,550 after selling 39 shares in Visa Inc , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Visa Inc makes up approximately 1.23% of Pennsylvania Trust Co’s portfolio.

Other Hedge Funds, Including , Profit Investment Management reduced its stake in V by selling 11,605 shares or 36.95% in the most recent quarter. The Hedge Fund company now holds 19,804 shares of V which is valued at $1,621,353. Visa Inc makes up approx 1.64% of Profit Investment Management’s portfolio.Creative Planning boosted its stake in V in the latest quarter, The investment management firm added 42,629 additional shares and now holds a total of 220,749 shares of Visa Inc which is valued at $18,110,248. Visa Inc makes up approx 0.12% of Creative Planning’s portfolio.Reilly Herbert Faulkner Iii boosted its stake in V in the latest quarter, The investment management firm added 1,736 additional shares and now holds a total of 51,135 shares of Visa Inc which is valued at $4,250,341. Visa Inc makes up approx 3.19% of Reilly Herbert Faulkner Iii’s portfolio.First Mercantile Trust Co reduced its stake in V by selling 8,471 shares or 9.41% in the most recent quarter. The Hedge Fund company now holds 81,524 shares of V which is valued at $6,756,709. Visa Inc makes up approx 0.91% of First Mercantile Trust Co’s portfolio.

Visa Inc opened for trading at $82.04 and hit $83.19 on the upside on Friday, eventually ending the session at $82.45, with a gain of 0.71% or 0.58 points. The heightened volatility saw the trading volume jump to 66,98,083 shares. Company has a market cap of $194,649 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 Stifel on Jul 22, 2016 to “Buy”, Firm has raised the Price Target to $ 91 from a previous price target of $86 .

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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