As Visa (V) Shares Declined, Cortland Associates Has Decreased Position by $642,450; Adobe Sys (ADBE) Shareholder Brown Advisory Has Cut Its Holding by $84.17 Million as Share Price Declined

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Brown Advisory Inc decreased its stake in Adobe Sys Inc (ADBE) by 13.66% based on its latest 2018Q3 regulatory filing with the SEC. Brown Advisory Inc sold 312,916 shares as the company’s stock declined 8.02% with the market. The institutional investor held 1.98 million shares of the prepackaged software company at the end of 2018Q3, valued at $533.80 million, down from 2.29M at the end of the previous reported quarter. Brown Advisory Inc who had been investing in Adobe Sys Inc for a number of months, seems to be less bullish one the $115.96B market cap company. The stock decreased 0.09% or $0.22 during the last trading session, reaching $237.55. About 3.18 million shares traded. Adobe Inc. (NASDAQ:ADBE) has risen 39.79% since January 12, 2018 and is uptrending. It has outperformed by 39.79% the S&P500. Some Historical ADBE News: 13/03/2018 – lnvoca Becomes Premier Level Partner In Adobe Exchange Partner Program; 21/05/2018 – ADOBE SYSTEMS INC – NEW PROGRAM NOT EXPECTED TO HAVE A MATERIAL IMPACT ON COMPANY’S FISCAL YEAR 2018 EARNINGS; 21/05/2018 – PERMIRA SAYS HILLHOUSE CAPITAL, ASIA-FOCUSED INVESTMENT FIRM, WILL ALSO SELL ITS STAKE IN MAGENTO TO ADOBE; 21/05/2018 – Adobe Buys Magento for $1.7 Billion to Boost Commerce Ambitions; 13/04/2018 – Adobe Names David A. Ricks to Its Board of Directors; 15/03/2018 – ADOBE SYSTEMS INC – QTRLY SHR $1.55 ON A NON-GAAP BASIS; 22/05/2018 – Adobe Announces Magento Move to Beat Shopify: MageMail Analysis; 27/03/2018 – Infogroup Announces Data Integration with Adobe Audience Marketplace; 03/04/2018 – US Gov Printing: Desktop Publishing – Adobe InDesign Basics; 26/03/2018 – Adobe: Some Serious Risks Lurk in JMP’s Sudden Downgrade — Barron’s Blog

Cortland Associates Inc decreased its stake in Visa Inc (V) by 0.83% based on its latest 2018Q3 regulatory filing with the SEC. Cortland Associates Inc sold 4,283 shares as the company’s stock declined 4.30% with the market. The institutional investor held 513,428 shares of the business services company at the end of 2018Q3, valued at $77.06M, down from 517,711 at the end of the previous reported quarter. Cortland Associates Inc who had been investing in Visa Inc for a number of months, seems to be less bullish one the $304.31B market cap company. The stock decreased 0.44% or $0.61 during the last trading session, reaching $138.06. About 5.86 million shares traded. Visa Inc. (NYSE:V) has risen 23.77% since January 12, 2018 and is uptrending. It has outperformed by 23.77% the S&P500. Some Historical V News: 24/05/2018 – The Vancouver Sun: Breaking: @TransLink says it will “pause” Morgan Freeman’s SkyTrain announcements, done as part of a VISA; 10/04/2018 – SafeBreach Expands Visa Partnership for Deeper Threat Intelligence Integration in Breach and Attack Simulation; 25/04/2018 – VISA INC – QTRLY NET OPERATING REVENUES OF $5.1 BLN, AN INCREASE OF 13%; 05/05/2018 – Buffett: Should Have Bought More Mastercard, Visa — Berkshire Hathaway Annual Meeting; 25/04/2018 – Visa 2Q Payments Volume Up 11%; 25/04/2018 – VISA 2Q ADJ EPS $1.11, EST. $1.02; 30/05/2018 – U.S. Toughens Visa Process for Chinese Nationals; 19/04/2018 – Hainan Will Now Offer a 30-Day Visa-free Travel Entry for 59 Nations; 30/03/2018 – Russia Lashes Back | John Bolton’s Politics | Trump’s Visa Dilemma; 25/04/2018 – Visa Sees Fiscal 2018 Net Revenue Growth Low Double Digits on Nominal Basis

Since July 18, 2018, it had 2 insider buys, and 10 sales for $18.86 million activity. $4.95 million worth of Adobe Inc. (NASDAQ:ADBE) was sold by GESCHKE CHARLES M. On Monday, September 24 the insider Ricks David A bought $19,607. Another trade for 12,000 shares valued at $2.94 million was sold by Rencher Bradley. Parasnis Abhay sold $2.73 million worth of Adobe Inc. (NASDAQ:ADBE) on Friday, July 20.

Brown Advisory Inc, which manages about $35.14B US Long portfolio, upped its stake in Calavo Growers Inc (NASDAQ:CVGW) by 272,331 shares to 641,817 shares, valued at $62.00M in 2018Q3, according to the filing. It also increased its holding in Honeywell Intl Inc (NYSE:HON) by 7,241 shares in the quarter, for a total of 83,863 shares, and has risen its stake in Ishares Tr (IHE).

Analysts await Adobe Inc. (NASDAQ:ADBE) to report earnings on March, 21. They expect $1.26 EPS, down 1.56% or $0.02 from last year’s $1.28 per share. ADBE’s profit will be $615.05M for 47.13 P/E if the $1.26 EPS becomes a reality. After $1.50 actual EPS reported by Adobe Inc. for the previous quarter, Wall Street now forecasts -16.00% negative EPS growth.

Investors sentiment increased to 0.98 in 2018 Q3. Its up 0.01, from 0.97 in 2018Q2. It improved, as 40 investors sold ADBE shares while 419 reduced holdings. 134 funds opened positions while 316 raised stakes. 386.22 million shares or 3.00% less from 398.19 million shares in 2018Q2 were reported. Fiduciary Financial Service Of The Southwest Inc Tx reported 0.25% of its portfolio in Adobe Inc. (NASDAQ:ADBE). Moreover, State Of Alaska Department Of Revenue has 0.35% invested in Adobe Inc. (NASDAQ:ADBE). Ativo Management Limited Liability Corporation has invested 0.87% in Adobe Inc. (NASDAQ:ADBE). Palisade Cap Nj stated it has 3,700 shares. Meritage Portfolio Mgmt holds 0.81% or 32,706 shares. Folger Nolan Fleming Douglas Capital Management reported 13,747 shares or 0.52% of all its holdings. Harbour Investment Mgmt Ltd Liability accumulated 1,100 shares. Johnson Counsel owns 7,021 shares. Moreover, Ami Asset Management has 2.21% invested in Adobe Inc. (NASDAQ:ADBE) for 120,085 shares. Jensen Mgmt stated it has 58,419 shares. Serv Corp invested 0.09% in Adobe Inc. (NASDAQ:ADBE). Moneta Grp Inc Invest Advisors Lc has 0.06% invested in Adobe Inc. (NASDAQ:ADBE). Evanson Asset Mngmt Limited Liability holds 0.06% or 1,084 shares. Adams Diversified Equity Fund holds 117,200 shares. Columbia Asset Mgmt holds 1.01% or 14,380 shares.

More notable recent Adobe Inc. (NASDAQ:ADBE) news were published by: Thestreet.com which released: “Dow, S&P, Nasdaq Are All in Correction Territory Following Stock Selloff – TheStreet.com” on December 14, 2018, also Benzinga.com with their article: “Apple Inc. (NASDAQ:AAPL), Adobe Systems Incorporated (NASDAQ:ADBE) – Taking A Trade Break: Weak Overseas Data Center Stage Despite Solid Retail Sales – Benzinga” published on December 14, 2018, Fool.com published: “Here’s What Apple Investors Can Learn From Adobe – Motley Fool” on December 24, 2018. More interesting news about Adobe Inc. (NASDAQ:ADBE) were released by: Seekingalpha.com and their article: “Adobe: Picture Perfect, No Need To Retouch – Seeking Alpha” published on December 19, 2018 as well as Nasdaq.com‘s news article titled: “S&P 500 Movers: APA, ADBE – Nasdaq” with publication date: December 26, 2018.

Among 41 analysts covering Adobe Systems (NASDAQ:ADBE), 28 have Buy rating, 0 Sell and 13 Hold. Therefore 68% are positive. Adobe Systems had 184 analyst reports since August 11, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, March 16 by Guggenheim. The firm has “Outperform” rating by BMO Capital Markets given on Friday, March 16. Pivotal Research maintained Adobe Inc. (NASDAQ:ADBE) on Wednesday, September 21 with “Buy” rating. The firm has “Buy” rating given on Wednesday, June 21 by Wunderlich. The firm has “Buy” rating given on Friday, March 16 by Canaccord Genuity. On Friday, December 14 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The firm earned “Buy” rating on Thursday, March 15 by Robert W. Baird. The company was maintained on Friday, June 15 by Wells Fargo. On Friday, March 16 the stock rating was maintained by JP Morgan with “Neutral”. JP Morgan maintained the stock with “Neutral” rating in Friday, June 15 report.

Cortland Associates Inc, which manages about $580.00 million and $645.22M US Long portfolio, upped its stake in Facebook Inc A (NASDAQ:FB) by 56,842 shares to 222,036 shares, valued at $36.52M in 2018Q3, according to the filing.

More notable recent Visa Inc. (NYSE:V) news were published by: Seekingalpha.com which released: “SiriusXM Teams Up With Visa As Company Beats 2018 Guidance And Issues 2019 Guidance – Seeking Alpha” on January 12, 2019, also Fool.com with their article: “Why Visa Stock Gained 16% in 2018 – Motley Fool” published on January 11, 2019, Bizjournals.com published: “Square loses key executive to Visa amid payments upheaval – San Francisco Business Times” on January 11, 2019. More interesting news about Visa Inc. (NYSE:V) were released by: Investorplace.com and their article: “5 Top Stocks to Trade Monday — GM’s Guidance, Cannabis Stocks – Investorplace.com” published on January 11, 2019 as well as Seekingalpha.com‘s news article titled: “4 Reasons To Buy Visa Stock – Seeking Alpha” with publication date: December 17, 2018.

Since November 2, 2018, it had 0 insider buys, and 4 sales for $16.70 million activity. Sheedy William M. also sold $2.01 million worth of Visa Inc. (NYSE:V) shares.

Analysts await Visa Inc. (NYSE:V) to report earnings on February, 7. They expect $1.25 EPS, up 15.74% or $0.17 from last year’s $1.08 per share. V’s profit will be $2.76 billion for 27.61 P/E if the $1.25 EPS becomes a reality. After $1.21 actual EPS reported by Visa Inc. for the previous quarter, Wall Street now forecasts 3.31% EPS growth.

Among 44 analysts covering Visa Inc. (NYSE:V), 35 have Buy rating, 0 Sell and 9 Hold. Therefore 80% are positive. Visa Inc. had 144 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Visa Inc. (NYSE:V) has “Buy” rating given on Friday, June 23 by Jefferies. The rating was maintained by Topeka Capital Markets with “Hold” on Friday, July 24. KeyBanc Capital Markets maintained the shares of V in report on Wednesday, December 13 with “Buy” rating. The stock of Visa Inc. (NYSE:V) earned “Hold” rating by Credit Suisse on Tuesday, October 3. Bank of America upgraded the stock to “Buy” rating in Thursday, December 15 report. The stock of Visa Inc. (NYSE:V) has “Buy” rating given on Friday, August 11 by Keefe Bruyette & Woods. As per Friday, July 24, the company rating was maintained by FBR Capital. Robert W. Baird maintained Visa Inc. (NYSE:V) rating on Thursday, February 1. Robert W. Baird has “Buy” rating and $146.0 target. The stock has “Buy” rating by UBS on Tuesday, October 25. The stock of Visa Inc. (NYSE:V) earned “Buy” rating by Jefferies on Monday, October 30.

Investors sentiment decreased to 0.97 in 2018 Q3. Its down 0.05, from 1.02 in 2018Q2. It fall, as 33 investors sold V shares while 655 reduced holdings. 135 funds opened positions while 529 raised stakes. 1.54 billion shares or 0.85% less from 1.56 billion shares in 2018Q2 were reported. 25,181 are held by Edgestream Ltd Partnership. Wedgewood Invsts Pa stated it has 4,573 shares. Retirement Systems Of Alabama reported 1.17M shares or 0.83% of all its holdings. Mutual Of America Lc stated it has 0.56% of its portfolio in Visa Inc. (NYSE:V). Merian Glob Investors (Uk) Limited, United Kingdom-based fund reported 957,966 shares. Moreover, Pictet North America Advsrs Sa has 3.59% invested in Visa Inc. (NYSE:V). Proshare Advsr Lc stated it has 546,493 shares or 0.56% of all its holdings. Public Employees Retirement Of Ohio accumulated 0.88% or 1.19 million shares. Lee Danner & Bass Inc stated it has 0.02% in Visa Inc. (NYSE:V). Arrowmark Colorado Holdg Limited Liability Company has invested 0.01% of its portfolio in Visa Inc. (NYSE:V). North Mgmt accumulated 141,340 shares or 3.46% of the stock. Van Eck Associate Corp has 0.03% invested in Visa Inc. (NYSE:V) for 36,234 shares. Hamel Assocs reported 0.1% stake. Btc Capital Mgmt holds 0.43% of its portfolio in Visa Inc. (NYSE:V) for 16,944 shares. Cap Ca has invested 1.43% in Visa Inc. (NYSE:V).

Visa Inc. (NYSE:V) Institutional Positions Chart