Visa Inc (V) : Osher Van De Voorde Investment Management scooped up 1,600 additional shares in Visa Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 109,959 shares of Visa Inc which is valued at $8,798,919.Visa Inc makes up approximately 5.31% of Osher Van De Voorde Investment Management’s portfolio.
Other Hedge Funds, Including , Cornerstone Advisors Inc reduced its stake in V by selling 5,000 shares or 26.32% in the most recent quarter. The Hedge Fund company now holds 14,000 shares of V which is valued at $1,120,280. Visa Inc makes up approx 0.27% of Cornerstone Advisors Inc’s portfolio.Olstein Capital Management boosted its stake in V in the latest quarter, The investment management firm added 21,000 additional shares and now holds a total of 88,000 shares of Visa Inc which is valued at $7,035,600. Visa Inc makes up approx 0.90% of Olstein Capital Management’s portfolio.Anchor Capital Advisors reduced its stake in V by selling 52 shares or 1.31% in the most recent quarter. The Hedge Fund company now holds 3,921 shares of V which is valued at $308,622. Visa Inc makes up approx 0.01% of Anchor Capital Advisors’s portfolio.Family Capital Trust Co reduced its stake in V by selling 1,715 shares or 2.79% in the most recent quarter. The Hedge Fund company now holds 59,664 shares of V which is valued at $4,656,775. Visa Inc makes up approx 2.67% of Family Capital Trust Co’s portfolio.Dock Street Asset Management Inc boosted its stake in V in the latest quarter, The investment management firm added 280 additional shares and now holds a total of 104,508 shares of Visa Inc which is valued at $8,207,013. Visa Inc makes up approx 6.91% of Dock Street Asset Management Inc’s portfolio.
Visa Inc opened for trading at $80.01 and hit $80.47 on the upside on Friday, eventually ending the session at $80.47, with a gain of 0.25% or 0.2 points. The heightened volatility saw the trading volume jump to 84,80,876 shares. Company has a market cap of $172,960 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.