Revenue Update on Visa Inc(NYSE:V)

Visa Inc(NYSE:V) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $3.63B. Analysts estimated a revenue of $3.67B. Earnings per share were $0.69. Analysts had estimated an EPS of $0.67.

In a different note, On Jul 7, 2016, Barclays said it Maintains its rating on Visa Inc. In the research note, the firm Lowers the price-target to $90.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jun 10, 2016, Oppenheimer said it Maintains its rating on Visa Inc. In the research note, the firm Raises the price-target to $85.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jun 6, 2016, JP Morgan said it Upgrades its rating on Visa Inc. The shares have been rated ‘Overweight’ by the firm. On May 16, 2016, Barclays said it Maintains its rating on Visa Inc. In the research note, the firm Raises the price-target to $89.00 per share. The shares have been rated ‘Overweight’ by the firm.

Visa Inc (V) made into the market gainers list on Wednesdays trading session with the shares advancing 0.81% or 0.64 points. Due to strong positive momentum, the stock ended at $79.36, which is also near the day’s high of $79.75. The stock began the session at $78.75 and the volume stood at 79,22,144 shares. The 52-week high of the shares is $81.73 and the 52 week low is $60. The company has a current market capitalization of $172,145 M and it has 2,16,91,63,500 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 7, 2016, Ellen Richey (VICE CHAIR RISK & PUB POLICY) sold 18,736 shares at $73.87 per share price.Also, On Dec 18, 2015, William M. Sheedy (EVP CORP STRAT, M&A, GR) sold 60,930 shares at $79.47 per share price.On Feb 4, 2015, Antonio Lucio (EVP & CHIEF BRAND OFFICER) sold 3,438 shares at $255.89 per share price, according to the Form-4 filing with the securities and exchange commission.

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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