Visa Inc (V) : Night Owl Capital Management reduced its stake in Visa Inc by 0.19% during the most recent quarter end. The investment management company now holds a total of 248,105 shares of Visa Inc which is valued at $19,853,362 after selling 462 shares in Visa Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Visa Inc makes up approximately 13.08% of Night Owl Capital Management’s portfolio.
Other Hedge Funds, Including , Allianz Asset Management Ag reduced its stake in V by selling 747,229 shares or 7.33% in the most recent quarter. The Hedge Fund company now holds 9,449,475 shares of V which is valued at $756,146,990. Visa Inc makes up approx 1.05% of Allianz Asset Management Ag’s portfolio.Wetherby Asset Management Inc boosted its stake in V in the latest quarter, The investment management firm added 469 additional shares and now holds a total of 30,559 shares of Visa Inc which is valued at $2,445,331. Visa Inc makes up approx 0.52% of Wetherby Asset Management Inc’s portfolio.Rand Wealth boosted its stake in V in the latest quarter, The investment management firm added 6,435 additional shares and now holds a total of 64,286 shares of Visa Inc which is valued at $5,151,880. Visa Inc makes up approx 0.68% of Rand Wealth’s portfolio.Sol Capital Management Co reduced its stake in V by selling 600 shares or 12.0% in the most recent quarter. The Hedge Fund company now holds 4,400 shares of V which is valued at $343,420. Visa Inc makes up approx 0.10% of Sol Capital Management Co’s portfolio.
Visa Inc opened for trading at $80.54 and hit $80.99 on the upside on Monday, eventually ending the session at $80.87, with a gain of 0.37% or 0.3 points. The heightened volatility saw the trading volume jump to 47,66,662 shares. Company has a market cap of $173,820 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 .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.