Provident Trust Co Lowered Visa (V) Holding; 4 Analysts Covering Ribbon Communications Inc. (SONS)

December 12, 2017 - By Ellis Scott

Provident Trust Co decreased Visa Inc (V) stake by 0.72% reported in 2017Q2 SEC filing. Provident Trust Co sold 19,063 shares as Visa Inc (V)’s stock rose 5.74%. The Provident Trust Co holds 2.62 million shares with $245.96M value, down from 2.64 million last quarter. Visa Inc now has $254.65B valuation. The stock decreased 0.20% or $0.23 during the last trading session, reaching $112.37. About 7.54M shares traded or 5.12% up from the average. Visa Inc. (NYSE:V) has risen 20.29% since December 12, 2016 and is uptrending. It has outperformed by 3.59% the S&P500.

Among 6 analysts covering Sonus Networks (NASDAQ:SONS), 4 have Buy rating, 1 Sell and 1 Hold. Therefore 67% are positive. Sonus Networks had 16 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Sell” rating given on Tuesday, October 31 by Cowen & Co. The company was maintained on Monday, October 16 by Northland Capital. Northland Capital maintained the shares of SONS in report on Monday, July 3 with “Buy” rating. Northland Capital upgraded Ribbon Communications Inc. (NASDAQ:SONS) rating on Thursday, October 29. Northland Capital has “Outperform” rating and $10 target. Drexel Hamilton initiated Ribbon Communications Inc. (NASDAQ:SONS) on Tuesday, October 20 with “Hold” rating. The stock of Ribbon Communications Inc. (NASDAQ:SONS) earned “Neutral” rating by DA Davidson on Thursday, February 16. DA Davidson upgraded Ribbon Communications Inc. (NASDAQ:SONS) rating on Monday, August 7. DA Davidson has “Buy” rating and $8.5000 target. Cowen & Co maintained the stock with “Sell” rating in Friday, August 4 report. The stock has “Buy” rating by William Blair on Friday, October 13. The stock of Ribbon Communications Inc. (NASDAQ:SONS) earned “Buy” rating by William Blair on Thursday, June 1. See Ribbon Communications Inc. (NASDAQ:SONS) latest ratings:

31/10/2017 Broker: Cowen & Co Rating: Sell New Target: $7.0 Maintain
27/10/2017 Broker: William Blair Rating: Buy Maintain
16/10/2017 Broker: Cowen & Co Rating: Sell New Target: $5.0 Maintain
16/10/2017 Broker: Northland Capital Rating: Buy New Target: $10.0 Maintain
13/10/2017 Broker: William Blair Rating: Buy Maintain
07/08/2017 Broker: DA Davidson Rating: Buy New Target: $8.5000 Upgrade
04/08/2017 Broker: Cowen & Co Rating: Sell New Target: $5.0000 Maintain
12/07/2017 Broker: William Blair Rating: Buy Maintain
03/07/2017 Broker: Northland Capital Rating: Buy New Target: $10.0000 Maintain

Investors sentiment decreased to 1 in 2017 Q2. Its down 0.13, from 1.13 in 2017Q1. It turned negative, as 44 investors sold V shares while 564 reduced holdings. 123 funds opened positions while 564 raised stakes. 1.66 billion shares or 1.28% less from 1.68 billion shares in 2017Q1 were reported. Oak Associate Ltd Oh holds 9,502 shares or 0.07% of its portfolio. Baker Ellis Asset Mngmt Ltd Com owns 6,262 shares. Mercer Advisers holds 0.08% of its portfolio in Visa Inc. (NYSE:V) for 1,167 shares. Capital One Natl Association has invested 0.92% in Visa Inc. (NYSE:V). Kentucky-based Harvey Llc has invested 0.05% in Visa Inc. (NYSE:V). 17,440 were reported by Jones Collombin Counsel Inc. Toronto Dominion Bankshares holds 0.21% or 701,905 shares in its portfolio. Puzo Michael J invested in 0.52% or 10,320 shares. Diligent Investors Ltd Liability holds 37,769 shares. Magnetar Finance Limited Liability holds 45,898 shares or 0.08% of its portfolio. Douglass Winthrop Advsr Lc holds 0.1% or 17,017 shares. Capital Wealth Planning Ltd Liability Corporation invested in 4.13% or 275,328 shares. Columbia Asset Management holds 46,106 shares. Hedeker Wealth Ltd Liability Co holds 1.97% or 21,839 shares. Pettyjohn Wood And White Inc reported 41,212 shares.

Analysts await Visa Inc. (NYSE:V) to report earnings on February, 1. They expect $0.97 earnings per share, up 12.79% or $0.11 from last year’s $0.86 per share. V’s profit will be $2.20B for 28.96 P/E if the $0.97 EPS becomes a reality. After $0.90 actual earnings per share reported by Visa Inc. for the previous quarter, Wall Street now forecasts 7.78% EPS growth.

Among 39 analysts covering Visa Inc. (NYSE:V), 32 have Buy rating, 0 Sell and 7 Hold. Therefore 82% are positive. Visa Inc. had 93 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by JP Morgan on Friday, August 14 with “Overweight”. The firm has “Overweight” rating given on Thursday, October 26 by Morgan Stanley. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, July 24. Stifel Nicolaus maintained it with “Buy” rating and $91 target in Friday, July 22 report. Credit Suisse downgraded the shares of V in report on Tuesday, October 3 to “Hold” rating. On Thursday, December 15 the stock rating was upgraded by Bank of America to “Buy”. The rating was initiated by Loop Capital on Wednesday, February 15 with “Buy”. The firm earned “Outperform” rating on Tuesday, December 8 by Keefe Bruyette & Woods. The firm has “Neutral” rating by Bank of America given on Thursday, February 11. The rating was downgraded by S&P Research to “Hold” on Tuesday, July 28.

The stock increased 2.76% or $0.21 during the last trading session, reaching $7.83. About 420,875 shares traded or 4.73% up from the average. Ribbon Communications Inc. (NASDAQ:SONS) has declined 11.20% since December 12, 2016 and is downtrending. It has underperformed by 27.90% the S&P500.

Investors sentiment increased to 1.05 in 2017 Q2. Its up 0.05, from 1 in 2017Q1. It improved, as 16 investors sold Ribbon Communications Inc. shares while 28 reduced holdings. 16 funds opened positions while 28 raised stakes. 33.32 million shares or 0.30% more from 33.22 million shares in 2017Q1 were reported. Swiss Savings Bank has 0% invested in Ribbon Communications Inc. (NASDAQ:SONS) for 80,974 shares. Invest Ltd holds 0.01% of its portfolio in Ribbon Communications Inc. (NASDAQ:SONS) for 14,220 shares. Renaissance Ltd owns 0.01% invested in Ribbon Communications Inc. (NASDAQ:SONS) for 1.49M shares. 887,555 were reported by Hawk Ridge Cap Mgmt Lp. Moreover, Kbc Gp Nv has 0% invested in Ribbon Communications Inc. (NASDAQ:SONS). Boothbay Fund Mngmt Ltd Llc invested in 30,696 shares. Parametric Port Associates Ltd Liability accumulated 135,675 shares or 0% of the stock. 56,519 are owned by Panagora Asset Mngmt. Thrivent Fincl For Lutherans stated it has 0% of its portfolio in Ribbon Communications Inc. (NASDAQ:SONS). Federated Invsts Inc Pa holds 0% in Ribbon Communications Inc. (NASDAQ:SONS) or 19,960 shares. Moreover, Nationwide Fund Advsr has 0.01% invested in Ribbon Communications Inc. (NASDAQ:SONS). Moreover, Rhumbline Advisers has 0% invested in Ribbon Communications Inc. (NASDAQ:SONS) for 57,647 shares. Georgia-based Advisory Networks Ltd Limited Liability Company has invested 0% in Ribbon Communications Inc. (NASDAQ:SONS). Fmr Limited Liability Co accumulated 210,340 shares. Meeder Asset Mngmt holds 0% of its portfolio in Ribbon Communications Inc. (NASDAQ:SONS) for 916 shares.

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