Putnam Fl Investment Management Co buys $21,630,345 stake in Visa Inc (V)

Visa Inc (V) : Putnam Fl Investment Management Co scooped up 1,712 additional shares in Visa Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 262,345 shares of Visa Inc which is valued at $21,630,345.Visa Inc makes up approximately 2.51% of Putnam Fl Investment Management Co’s portfolio.

Other Hedge Funds, Including , Cim added V to its portfolio by purchasing 7,239 company shares during the most recent quarter which is valued at $596,856. Visa Inc makes up approx 0.28% of Cim’s portfolio. Parametrica Management Ltd sold out all of its stake in V during the most recent quarter. The investment firm sold 5,331 shares of V which is valued $436,449.Hexavest reduced its stake in V by selling 15,551 shares or 6.31% in the most recent quarter. The Hedge Fund company now holds 231,051 shares of V which is valued at $18,955,424. Visa Inc makes up approx 0.35% of Hexavest’s portfolio.First American Trust Fsb reduced its stake in V by selling 2,880 shares or 4.64% in the most recent quarter. The Hedge Fund company now holds 59,237 shares of V which is valued at $4,937,404. Visa Inc makes up approx 1.55% of First American Trust Fsb’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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