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First City Capital Management boosts Visa stake as the company reports strong earnings and growth.
Investment firm First City Capital Management increased its stake in Visa by 15.7%, acquiring 200 more shares to own 1,473 shares worth $516,000.
Visa reported strong first-quarter earnings of $2.76 per share, above the consensus estimate of $2.68, and revenue of $9.59 billion, up 9.3% year-over-year.
The company's net margin is 54.27%, and analysts forecast a full-year EPS of 11.3.
Visa is a leading payment technology company offering various card products and payment solutions globally.
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First City Capital Management aumenta la participación de Visa mientras la compañía reporta fuertes ganancias y crecimiento.