Simplex Trading adds Visa Inc (V) to its portfolio

Visa Inc (V) : Simplex Trading added new position in Visa Inc during the most recent quarter end. The investment management firm now holds 179,528 shares of Visa Inc which is valued at $14,247,342 , the company said in a statement filed on Jul 18, 2016 with the SEC.Visa Inc makes up approximately 1.80% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Iab Financial Bank boosted its stake in V in the latest quarter, The investment management firm added 2,489 additional shares and now holds a total of 53,273 shares of Visa Inc which is valued at $4,227,745. Visa Inc makes up approx 2.59% of Iab Financial Bank’s portfolio.Jacobs Coca reduced its stake in V by selling 1,691 shares or 1.37% in the most recent quarter. The Hedge Fund company now holds 122,136 shares of V which is valued at $9,460,655. Visa Inc makes up approx 2.16% of Jacobs Coca’s portfolio.Cabot Wealth Management Inc reduced its stake in V by selling 2,402 shares or 1.96% in the most recent quarter. The Hedge Fund company now holds 120,321 shares of V which is valued at $9,320,065. Visa Inc makes up approx 2.40% of Cabot Wealth Management Inc’s portfolio.

Visa Inc opened for trading at $78.75 and hit $79.75 on the upside on Wednesday, eventually ending the session at $79.36, with a gain of 0.81% or 0.64 points. The heightened volatility saw the trading volume jump to 79,22,144 shares. Company has a market cap of $172,145 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. JP Morgan Resumed Visa Inc on Jun 6, 2016 to “Overweight”, Price Target of the shares are set at $88.Company shares were Reiterated by Sun Trust Rbsn Humphrey on Apr 20, 2016 to “Buy”, Firm has raised the Price Target to $ 100 from a previous price target of $85 .

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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