Strategic Financial Services Has Cut Its Visa (V) Stake; Putnam Investments Has Boosted Jabil (JBL) Stake By $495,248

May 21, 2018 - By Peter Erickson

Jabil Inc. (NYSE:JBL) Logo

Strategic Financial Services Inc decreased Visa Inc. (V) stake by 12.8% reported in 2017Q4 SEC filing. Strategic Financial Services Inc sold 8,259 shares as Visa Inc. (V)’s stock rose 4.18%. The Strategic Financial Services Inc holds 56,251 shares with $6.41 million value, down from 64,510 last quarter. Visa Inc. now has $292.36B valuation. The stock increased 0.46% or $0.6016 during the last trading session, reaching $130.5316. About 3.13M shares traded. Visa Inc. (NYSE:V) has risen 31.98% since May 21, 2017 and is uptrending. It has outperformed by 20.43% the S&P500.

Putnam Investments Llc increased Jabil Inc (JBL) stake by 10.15% reported in 2017Q4 SEC filing. Putnam Investments Llc acquired 19,048 shares as Jabil Inc (JBL)’s stock rose 7.27%. The Putnam Investments Llc holds 206,686 shares with $5.43M value, up from 187,638 last quarter. Jabil Inc now has $4.83 billion valuation. The stock increased 0.86% or $0.24 during the last trading session, reaching $28.17. About 372,100 shares traded. Jabil Inc. (NYSE:JBL) has declined 0.49% since May 21, 2017 and is downtrending. It has underperformed by 12.04% the S&P500.

More news for Jabil Inc. (NYSE:JBL) were recently published by: Streetinsider.com, which released: “Jabil Circuit (JBL) CFO Forbes Alexander to Retire” on April 24, 2018. Seekingalpha.com‘s article titled: “HP announces 3D printing partnership with Jabil, Forecast 3D” and published on April 24, 2018 is yet another important article.

Among 15 analysts covering Jabil Circuit (NYSE:JBL), 7 have Buy rating, 2 Sell and 6 Hold. Therefore 47% are positive. Jabil Circuit had 53 analyst reports since August 27, 2015 according to SRatingsIntel. The stock has “Neutral” rating by UBS on Thursday, June 16. Bank of America downgraded the stock to “Hold” rating in Monday, September 25 report. The stock has “Neutral” rating by Citigroup on Thursday, September 22. As per Friday, September 25, the company rating was maintained by RBC Capital Markets. B. Riley & Co initiated Jabil Inc. (NYSE:JBL) rating on Friday, October 9. B. Riley & Co has “Buy” rating and $29 target. Stifel Nicolaus maintained it with “Hold” rating and $30.0 target in Sunday, October 15 report. The stock of Jabil Inc. (NYSE:JBL) has “Buy” rating given on Thursday, August 27 by TheStreet. The stock has “Buy” rating by Needham on Thursday, June 15. The stock of Jabil Inc. (NYSE:JBL) has “Strong Buy” rating given on Friday, July 15 by Raymond James. The rating was maintained by RBC Capital Markets on Thursday, March 17 with “Sector Perform”.

Investors sentiment increased to 1.19 in Q4 2017. Its up 0.20, from 0.99 in 2017Q3. It is positive, as 31 investors sold JBL shares while 93 reduced holdings. 52 funds opened positions while 95 raised stakes. 168.83 million shares or 2.74% more from 164.33 million shares in 2017Q3 were reported. Texas Permanent School Fund has 119,404 shares. Profund Advsr Limited Liability Com holds 0.02% or 21,838 shares in its portfolio. Frontier Capital Ltd Limited Liability Company has invested 0.44% in Jabil Inc. (NYSE:JBL). Citigroup Inc holds 144,021 shares or 0% of its portfolio. Stone Ridge Asset Mgmt Ltd Llc holds 26,737 shares. Deutsche State Bank Ag has invested 0.01% in Jabil Inc. (NYSE:JBL). Ubs Asset Americas holds 0.04% in Jabil Inc. (NYSE:JBL) or 2.01 million shares. Millennium Mngmt Lc, New York-based fund reported 340,798 shares. Fuller And Thaler Asset Mgmt reported 0% stake. Advisory Svcs Limited Co reported 0% in Jabil Inc. (NYSE:JBL). Tcw Group Inc Inc holds 0% in Jabil Inc. (NYSE:JBL) or 17,270 shares. D E Shaw & Inc invested in 0.01% or 319,958 shares. Benjamin F Edwards And has invested 0.01% in Jabil Inc. (NYSE:JBL). Ajo LP invested in 4.18M shares. Engineers Gate Manager LP has invested 0.28% in Jabil Inc. (NYSE:JBL).

Putnam Investments Llc decreased Pultegroup Inc (NYSE:PHM) stake by 709,301 shares to 5.52M valued at $183.49M in 2017Q4. It also reduced Maxlinear Inc (NYSE:MXL) stake by 115,500 shares and now owns 103,600 shares. Baxter International Inc (NYSE:BAX) was reduced too.

Since January 12, 2018, it had 0 buys, and 10 selling transactions for $2.83 million activity. Cadavid Sergio had sold 2,869 shares worth $86,070 on Friday, March 16. $384,250 worth of Jabil Inc. (NYSE:JBL) was sold by PETERS WILLIAM E. Another trade for 2,029 shares valued at $60,464 was sold by Hoch Erich. The insider SANSONE THOMAS A sold 15,000 shares worth $448,200.

Strategic Financial Services Inc increased Ulta Salon Cosmetics & Fragra (NASDAQ:ULTA) stake by 3,060 shares to 11,067 valued at $2.48 million in 2017Q4. It also upped Vanguard Short Term Corp Bond (VCSH) stake by 104,742 shares and now owns 361,948 shares. Ishares Core Msci Emerging Mar (IEMG) was raised too.

Since December 13, 2017, it had 0 buys, and 5 selling transactions for $12.69 million activity. 8,423 Visa Inc. (NYSE:V) shares with value of $1.08 million were sold by HOFFMEISTER JAMES H. Shares for $5.06M were sold by MCINERNEY RYAN on Thursday, May 10. MATSCHULLAT ROBERT W sold 6,220 shares worth $707,561. $205,440 worth of Visa Inc. (NYSE:V) was sold by Biggar Lynne. Shares for $5.65 million were sold by MAHON TULLIER KELLY.

More notable recent Visa Inc. (NYSE:V) news were published by: Seekingalpha.com which released: “Is It Too Late To Buy Visa Stock?” on May 17, 2018, also Investorplace.com with their article: “3 Hot Trades for the Week Ahead” published on May 21, 2018, 247Wallst.com published: “Can Visa Deliver Another Earnings Beat?” on April 25, 2018. More interesting news about Visa Inc. (NYSE:V) were released by: Seekingalpha.com and their article: “Visa: Next Stop $135” published on April 27, 2018 as well as Seekingalpha.com‘s news article titled: “Spotlight On Gambling Reset And Banking Bill” with publication date: May 19, 2018.

Among 43 analysts covering Visa Inc. (NYSE:V), 34 have Buy rating, 0 Sell and 9 Hold. Therefore 79% are positive. Visa Inc. had 131 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Visa Inc. (NYSE:V) has “Outperform” rating given on Tuesday, November 3 by RBC Capital Markets. The company was upgraded on Thursday, December 15 by Bank of America. Piper Jaffray maintained Visa Inc. (NYSE:V) rating on Thursday, February 1. Piper Jaffray has “Buy” rating and $164.0 target. RBC Capital Markets maintained the shares of V in report on Thursday, January 4 with “Buy” rating. The firm earned “Neutral” rating on Friday, May 18 by UBS. Nomura maintained it with “Buy” rating and $126 target in Thursday, October 26 report. The firm has “Outperform” rating by RBC Capital Markets given on Friday, July 24. Piper Jaffray maintained the stock with “Buy” rating in Thursday, January 18 report. The company was maintained on Monday, May 16 by Barclays Capital. KeyBanc Capital Markets maintained Visa Inc. (NYSE:V) rating on Wednesday, December 13. KeyBanc Capital Markets has “Buy” rating and $125.0 target.

Investors sentiment increased to 1.05 in Q4 2017. Its up 0.05, from 1 in 2017Q3. It increased, as 55 investors sold V shares while 605 reduced holdings. 141 funds opened positions while 552 raised stakes. 1.61 billion shares or 1.83% less from 1.64 billion shares in 2017Q3 were reported. Scott & Selber Inc stated it has 1.65% of its portfolio in Visa Inc. (NYSE:V). Clarivest Asset Ltd Liability Corp holds 627,061 shares or 1.23% of its portfolio. Moreover, Laurion Mngmt Lp has 0.5% invested in Visa Inc. (NYSE:V) for 872,979 shares. Jane Street Gru Lc holds 0.08% or 250,657 shares in its portfolio. Martin Currie Limited holds 1.61% or 199,474 shares. Bingham Osborn And Scarborough Ltd Liability Co stated it has 0.03% of its portfolio in Visa Inc. (NYSE:V). Asset Mgmt One Limited invested in 0.8% or 3.19 million shares. Hedeker Wealth Limited reported 26,095 shares. Milestone Gp Inc holds 0.06% or 3,332 shares. Liberty Mutual Gru Asset Mgmt Inc holds 0.25% or 75,282 shares. Regal Inv Advsrs Limited Liability Corporation invested 0.51% in Visa Inc. (NYSE:V). Waratah Advisors invested in 0.67% or 50,839 shares. Principal Financial Grp Inc Inc holds 3.92M shares. Azimuth Capital Ltd Liability Com owns 1.07% invested in Visa Inc. (NYSE:V) for 130,017 shares. 25,058 are held by Beacon Grp Inc.

Analysts await Visa Inc. (NYSE:V) to report earnings on July, 19. They expect $1.10 earnings per share, up 27.91% or $0.24 from last year’s $0.86 per share. V’s profit will be $2.46 billion for 29.67 P/E if the $1.10 EPS becomes a reality. After $1.11 actual earnings per share reported by Visa Inc. for the previous quarter, Wall Street now forecasts -0.90% negative EPS growth.

Visa Inc. (NYSE:V) Institutional Positions Chart

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