Scott & Selber Has Decreased Visa (V) Stake; IGO (IGOI) Shorts Down By 0.59%

June 20, 2017 - By Darrin Black

Scott & Selber Inc decreased Visa Inc (V) stake by 40.46% reported in 2016Q4 SEC filing. Scott & Selber Inc sold 18,861 shares as Visa Inc (V)’s stock rose 5.74%. The Scott & Selber Inc holds 27,759 shares with $2.17 million value, down from 46,620 last quarter. Visa Inc now has $219.99B valuation. The stock rose 0.33% or $0.31 reaching $95.1. About 486 shares traded. Visa Inc (NYSE:V) has risen 20.29% since June 20, 2016 and is uptrending. It has outperformed by 3.59% the S&P500.

IGO INCORPORATED (OTCMKTS:IGOI) had a decrease of 0.59% in short interest. IGOI’s SI was 33,700 shares in June as released by FINRA. Its down 0.59% from 33,900 shares previously. With 1,400 avg volume, 24 days are for IGO INCORPORATED (OTCMKTS:IGOI)’s short sellers to cover IGOI’s short positions. It closed at $3.16 lastly. It is down 0.00% since June 20, 2016 and is . It has underperformed by 16.70% the S&P500.

Analysts await Visa Inc (NYSE:V) to report earnings on July, 20. They expect $0.80 EPS, up 15.94% or $0.11 from last year’s $0.69 per share. V’s profit will be $1.85 billion for 29.72 P/E if the $0.80 EPS becomes a reality. After $0.86 actual EPS reported by Visa Inc for the previous quarter, Wall Street now forecasts -6.98% negative EPS growth.

Among 23 analysts covering Visa Inc. (NYSE:V), 18 have Buy rating, 0 Sell and 5 Hold. Therefore 78% are positive. Visa Inc. had 44 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Thursday, October 22 by Wells Fargo. As per Tuesday, October 25, the company rating was maintained by UBS. Barclays Capital maintained it with “Overweight” rating and $90 target in Monday, May 16 report. The rating was initiated by Guggenheim on Thursday, October 8 with “Buy”. The rating was downgraded by S&P Research to “Hold” on Tuesday, July 28. The stock has “Outperform” rating by RBC Capital Markets on Tuesday, November 3. JP Morgan maintained the stock with “Overweight” rating in Friday, August 14 report. The firm earned “Outperform” rating on Friday, January 20 by Wedbush. The rating was upgraded by Bank of America on Thursday, December 15 to “Buy”. The firm earned “Neutral” rating on Friday, April 15 by Compass Point.

Since February 6, 2017, it had 0 insider purchases, and 2 sales for $11.71 million activity. Sheedy William M. sold 125,372 shares worth $10.75M. HOFFMEISTER JAMES H had sold 11,139 shares worth $957,390 on Monday, February 6.

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