As Visa INC (V) Stock Price Rose, Fisher Asset Management LLC Has Raised Its Holding by $74.59 Million

July 27, 2018 - By Jason Dias

Visa Inc. (NYSE:V) LogoInvestors sentiment decreased to 0.88 in Q1 2018. Its down 0.17, from 1.05 in 2017Q4. It turned negative, as 41 investors sold V shares while 684 reduced holdings. 127 funds opened positions while 513 raised stakes. 1.57 billion shares or 2.35% less from 1.61 billion shares in 2017Q4 were reported. Jones Collombin Counsel owns 17,127 shares. 3,404 are owned by Cypress Management Limited. Kentucky Retirement reported 94,076 shares. Aviva Public Limited Co reported 0.88% of its portfolio in Visa Inc. (NYSE:V). 80,829 were accumulated by Osher Van De Voorde Inv Management. Massachusetts-based Crow Point Prns Ltd Liability has invested 6.51% in Visa Inc. (NYSE:V). Moreover, Grimes Inc has 0.05% invested in Visa Inc. (NYSE:V) for 3,901 shares. Schmidt P J Management reported 56,669 shares. State Farm Mutual Automobile Ins reported 0.01% of its portfolio in Visa Inc. (NYSE:V). Warren Averett Asset has invested 0.1% in Visa Inc. (NYSE:V). Moreover, Burney Co has 0.6% invested in Visa Inc. (NYSE:V). Twin Management Inc holds 0.3% or 48,270 shares. Sva Plumb Wealth Mngmt Ltd Llc stated it has 102,355 shares or 1.33% of all its holdings. Twin Tree LP reported 122,168 shares. Kemnay Advisory Svcs owns 59,802 shares.

Since February 14, 2018, it had 0 insider buys, and 3 insider sales for $6.34 million activity. $205,440 worth of Visa Inc. (NYSE:V) was sold by Biggar Lynne on Wednesday, February 14. Another trade for 38,500 shares valued at $5.06M was sold by MCINERNEY RYAN.

Fisher Asset Management Llc increased its stake in Visa Inc (V) by 3.82% based on its latest 2018Q1 regulatory filing with the SEC. Fisher Asset Management Llc bought 626,781 shares as the company’s stock rose 5.37% while stock markets declined. The hedge fund held 17.05 million shares of the business services company at the end of 2018Q1, valued at $2.04 billion, up from 16.42 million at the end of the previous reported quarter. Fisher Asset Management Llc who had been investing in Visa Inc for a number of months, seems to be bullish on the $318.01B market cap company. The stock decreased 0.10% or $0.14 during the last trading session, reaching $142.5. About 10.52 million shares traded or 44.13% up from the average. Visa Inc. (NYSE:V) has risen 38.13% since July 27, 2017 and is uptrending. It has outperformed by 25.56% the S&P500.

Fisher Asset Management Llc, which manages about $75.40B US Long portfolio, decreased its stake in Pegasystems Inc (NASDAQ:PEGA) by 68,557 shares to 1.51 million shares, valued at $91.64M in 2018Q1, according to the filing. It also reduced its holding in American Express Co (NYSE:AXP) by 2.12 million shares in the quarter, leaving it with 9.75M shares, and cut its stake in Magellan Health Inc (NASDAQ:MGLN).

More notable recent Visa Inc. (NYSE:V) news were published by: Seekingalpha.com which released: “Visa: The Beneficiary Of Increased Consumer Spending” on July 18, 2018, also Investorplace.com with their article: “Visa (V) Earnings Top Expectations, Shares Dip Slightly” published on July 25, 2018, Seekingalpha.com published: “Visa (V) Q3 2018 Results – Earnings Call Transcript” on July 26, 2018. More interesting news about Visa Inc. (NYSE:V) were released by: Fool.com and their article: “Visa and Mastercard Earnings: The Growth of Card Payments Continues” published on July 26, 2018 as well as Fool.com‘s news article titled: “Why Visa Inc., Mastercard Incorporated, and First Data Corporation Shares Rose in the First Half of 2018” with publication date: July 24, 2018.

Visa Inc. (NYSE:V) Ratings Coverage

Among 26 analysts covering Visa Inc (NYSE:V), 24 have Buy rating, 0 Sell and 2 Hold. Therefore 92% are positive. Visa Inc has $169 highest and $128.0 lowest target. $149.54’s average target is 4.94% above currents $142.5 stock price. Visa Inc had 31 analyst reports since January 29, 2018 according to SRatingsIntel. Bank of America maintained Visa Inc. (NYSE:V) rating on Tuesday, July 17. Bank of America has “Buy” rating and $155 target. The firm earned “Overweight” rating on Thursday, April 26 by Morgan Stanley. The firm has “Buy” rating given on Thursday, February 1 by SunTrust. The company was maintained on Thursday, February 1 by Robert W. Baird. As per Friday, April 27, the company rating was maintained by Argus Research. The rating was maintained by Morgan Stanley on Friday, February 2 with “Overweight”. Buckingham Research maintained Visa Inc. (NYSE:V) rating on Thursday, April 26. Buckingham Research has “Buy” rating and $152 target. Susquehanna maintained Visa Inc. (NYSE:V) on Monday, January 29 with “Buy” rating. As per Thursday, February 1, the company rating was maintained by Cowen & Co. As per Tuesday, July 24, the company rating was maintained by Raymond James.

Visa Inc. (NYSE:V) Institutional Positions Chart

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