Morgens Waterfall Vintiadis Co Inc buys $6,073,160 stake in Visa Inc (V)

Visa Inc (V) : Morgens Waterfall Vintiadis Co Inc scooped up 30,000 additional shares in Visa Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 21, 2016. The investment management firm now holds a total of 76,000 shares of Visa Inc which is valued at $6,073,160.Visa Inc makes up approximately 5.94% of Morgens Waterfall Vintiadis Co Inc’s portfolio.

Other Hedge Funds, Including , Leavell Investment Management reduced its stake in V by selling 9,300 shares or 10.27% in the most recent quarter. The Hedge Fund company now holds 81,273 shares of V which is valued at $6,449,825. Visa Inc makes up approx 0.93% of Leavell Investment Management’s portfolio. Gierl Augustine Investment Management Inc sold out all of its stake in V during the most recent quarter. The investment firm sold 1,070 shares of V which is valued $82,882.Ct Financial Advisors reduced its stake in V by selling 3,220 shares or 11.62% in the most recent quarter. The Hedge Fund company now holds 24,493 shares of V which is valued at $1,871,755. Visa Inc makes up approx 1.17% of Ct Financial Advisors’s portfolio.

Visa Inc opened for trading at $78.69 and hit $80 on the upside on Thursday, eventually ending the session at $79.19, with a gain of 0.84% or 0.66 points. The heightened volatility saw the trading volume jump to 86,64,320 shares. Company has a market cap of $170,209 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.

Investors should note that on Jul 19, 2016, Visa Inc announced a cash dividend of $0.1400. The company’s management has announced Aug 17, 2016 as the ex-dividend date and fixed the record date on Aug 19, 2016. The payable date has been fixed on Sep 6, 2016.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Visa Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Visa Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.