Edgestream Partners buys $4,195,838 stake in Visa Inc (V)

Visa Inc (V) : Edgestream Partners scooped up 20,812 additional shares in Visa Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 53,532 shares of Visa Inc which is valued at $4,195,838.Visa Inc makes up approximately 2.42% of Edgestream Partners’s portfolio.

Other Hedge Funds, Including , Park Presidio Capital added V to its portfolio by purchasing 500,000 company shares during the most recent quarter which is valued at $39,190,000. Visa Inc makes up approx 5.96% of Park Presidio Capital’s portfolio.Norinchukin Bank The boosted its stake in V in the latest quarter, The investment management firm added 2,884 additional shares and now holds a total of 563,254 shares of Visa Inc which is valued at $46,474,088. Visa Inc makes up approx 1.14% of Norinchukin Bank The’s portfolio.Private Capital Management Inc reduced its stake in V by selling 350 shares or 4.27% in the most recent quarter. The Hedge Fund company now holds 7,850 shares of V which is valued at $645,427. Visa Inc makes up approx 0.69% of Private Capital Management Inc’s portfolio.First Western Capital Management Co reduced its stake in V by selling 4,018 shares or 6.24% in the most recent quarter. The Hedge Fund company now holds 60,382 shares of V which is valued at $4,960,381. Visa Inc makes up approx 1.98% of First Western Capital Management Co’s portfolio.

Visa Inc closed down -0.25 points or -0.31% at $80.82 with 79,20,808 shares getting traded on Monday. Post opening the session at $81.15, the shares hit an intraday low of $80.53 and an intraday high of $81.5 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Visa Inc reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Oct 24, 2016. Analyst had a consensus of $0.73. The company had revenue of $4261.00 million for the quarter, compared to analysts expectations of $4241.50 million. The company’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

Many Wall Street Analysts have commented on Visa Inc. Visa Inc was Downgraded by Guggenheim to ” Neutral” on Oct 25, 2016. Company shares were Reiterated by RBC Capital Mkts on Oct 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 89 from a previous price target of $87 .Shares were Reiterated by Stifel on Oct 25, 2016 to “Buy” and Lowered the Price Target to $ 93 from a previous price target of $94 .

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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