As Patterson (PTEN) Shares Declined, Buckingham Capital Management Has Upped Stake; As Visa (V) Market Value Rose, Shareholder Axiom International Investors Has Lowered Its Stake by $15.82 Million

April 18, 2018 - By Nellie Frank

Visa Inc. (NYSE:V) Logo

David Keidan increased its stake in Patterson (PTEN) by 36.08% based on its latest 2017Q4 regulatory filing with the SEC. Buckingham Capital Management Inc bought 150,838 shares as the company’s stock declined 22.71% with the market. The hedge fund run by David Keidan held 568,885 shares of the energy company at the end of 2017Q4, valued at $13.09M, up from 418,047 at the end of the previous reported quarter. Buckingham Capital Management Inc who had been investing in Patterson for a number of months, seems to be bullish on the $4.62 billion market cap company. The stock increased 3.40% or $0.69 during the last trading session, reaching $20.88. About 1.60 million shares traded. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has declined 24.28% since April 18, 2017 and is downtrending. It has underperformed by 35.83% the S&P500.

Axiom International Investors Llc decreased its stake in Visa Inc (V) by 12.25% based on its latest 2017Q4 regulatory filing with the SEC. Axiom International Investors Llc sold 138,760 shares as the company’s stock rose 4.18% while stock markets declined. The institutional investor held 993,548 shares of the business services company at the end of 2017Q4, valued at $113.28M, down from 1.13 million at the end of the previous reported quarter. Axiom International Investors Llc who had been investing in Visa Inc for a number of months, seems to be less bullish one the $281.39B market cap company. The stock increased 0.71% or $0.8775 during the last trading session, reaching $124.6775. About 2.73 million shares traded. Visa Inc. (NYSE:V) has risen 31.98% since April 18, 2017 and is uptrending. It has outperformed by 20.43% the S&P500.

Among 42 analysts covering Visa Inc. (NYSE:V), 34 have Buy rating, 0 Sell and 8 Hold. Therefore 81% are positive. Visa Inc. had 127 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Visa Inc. (NYSE:V) earned “Buy” rating by Guggenheim on Monday, December 5. Keefe Bruyette & Woods maintained Visa Inc. (NYSE:V) on Thursday, December 21 with “Buy” rating. The stock of Visa Inc. (NYSE:V) has “Buy” rating given on Thursday, December 17 by Sterne Agee CRT. The company was maintained on Wednesday, October 11 by Mizuho. UBS maintained it with “Buy” rating and $11200 target in Friday, July 21 report. PiperJaffray maintained Visa Inc. (NYSE:V) rating on Friday, February 2. PiperJaffray has “Overweight” rating and $164 target. The stock of Visa Inc. (NYSE:V) has “Neutral” rating given on Tuesday, October 25 by Guggenheim. The firm has “Outperform” rating given on Monday, October 19 by Oppenheimer. The firm has “Buy” rating given on Tuesday, January 9 by Wells Fargo. Cowen & Co maintained the shares of V in report on Wednesday, October 11 with “Buy” rating.

Axiom International Investors Llc, which manages about $10.22B and $3.99 billion US Long portfolio, upped its stake in Evercore Inc (NYSE:EVR) by 24,891 shares to 65,917 shares, valued at $5.93M in 2017Q4, according to the filing. It also increased its holding in Mercury Sys Inc (NASDAQ:MRCY) by 29,976 shares in the quarter, for a total of 266,085 shares, and has risen its stake in Ipg Photonics Corp (NASDAQ:IPGP).

Analysts await Visa Inc. (NYSE:V) to report earnings on April, 25 after the close. They expect $1.02 earnings per share, up 18.60% or $0.16 from last year’s $0.86 per share. V’s profit will be $2.30B for 30.56 P/E if the $1.02 EPS becomes a reality. After $1.08 actual earnings per share reported by Visa Inc. for the previous quarter, Wall Street now forecasts -5.56% negative EPS growth.

Investors sentiment increased to 1.05 in Q4 2017. Its up 0.05, from 1 in 2017Q3. It improved, 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. Smith Asset Management Group Lp stated it has 151,920 shares. 2.57 million are owned by Amundi Pioneer Asset Management. Curbstone Mngmt accumulated 2,850 shares. Legacy Capital Prtn stated it has 22,785 shares. Aqr Cap Ltd Limited Liability Company holds 1.52M shares. North Star Inv Mngmt Corp invested in 2,121 shares or 0.03% of the stock. Private Na, a Ohio-based fund reported 31,369 shares. Inspirion Wealth Advsr Ltd Liability Co owns 2,115 shares. Spears Abacus Advsrs Ltd invested in 0.03% or 2,030 shares. Albion Fincl Ut accumulated 1.59% or 91,667 shares. Cobblestone Advsrs Ltd Ny has 1.36% invested in Visa Inc. (NYSE:V). 3.84 million are held by D E Shaw & Com Incorporated. First Fincl Bank holds 69,985 shares or 1.32% of its portfolio. 8,382 were reported by Brookstone Capital Management. Snyder Mngmt LP reported 26,122 shares stake.

Since December 13, 2017, it had 0 buys, and 3 insider sales for $6.56 million activity. 1,712 Visa Inc. (NYSE:V) shares with value of $205,440 were sold by Biggar Lynne. On Wednesday, December 13 MATSCHULLAT ROBERT W sold $707,561 worth of Visa Inc. (NYSE:V) or 6,220 shares.

Among 31 analysts covering Patterson-UTI Energy Inc (NASDAQ:PTEN), 23 have Buy rating, 0 Sell and 8 Hold. Therefore 74% are positive. Patterson-UTI Energy Inc had 108 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has “Hold” rating given on Friday, February 9 by BMO Capital Markets. Credit Suisse maintained Patterson-UTI Energy, Inc. (NASDAQ:PTEN) rating on Friday, September 4. Credit Suisse has “Neutral” rating and $13 target. The rating was maintained by Citigroup on Tuesday, August 9 with “Neutral”. Cowen & Co maintained it with “Hold” rating and $2400 target in Friday, July 7 report. Piper Jaffray maintained Patterson-UTI Energy, Inc. (NASDAQ:PTEN) rating on Tuesday, September 5. Piper Jaffray has “Buy” rating and $22.0 target. The stock has “Buy” rating by RBC Capital Markets on Thursday, July 20. The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has “Buy” rating given on Thursday, February 8 by Jefferies. Jefferies maintained Patterson-UTI Energy, Inc. (NASDAQ:PTEN) rating on Tuesday, June 6. Jefferies has “Buy” rating and $3200 target. The rating was maintained by Cowen & Co with “Hold” on Wednesday, October 18. The company was maintained on Tuesday, April 19 by Morgan Stanley.

Buckingham Capital Management Inc, which manages about $1.17 billion and $835.21 million US Long portfolio, decreased its stake in Twitter Inc (NYSE:TWTR) by 96,164 shares to 675,792 shares, valued at $18.45 million in 2017Q4, according to the filing. It also reduced its holding in Tjx Companies Inc (NYSE:TJX) by 49,335 shares in the quarter, leaving it with 163,842 shares, and cut its stake in Alphabet Inc Class C.

Investors sentiment decreased to 1.38 in Q4 2017. Its down 0.03, from 1.41 in 2017Q3. It is negative, as 20 investors sold PTEN shares while 84 reduced holdings. 49 funds opened positions while 94 raised stakes. 212.21 million shares or 2.46% more from 207.11 million shares in 2017Q3 were reported. Dupont Mngmt Corporation holds 0.03% or 64,844 shares in its portfolio. Schwab Charles Investment has invested 0.02% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Cubist Systematic Strategies Limited Co reported 65,432 shares. Sterling Cap Ltd Liability Com holds 53,177 shares or 0.01% of its portfolio. 202,747 are held by Comerica Bancorporation. Connecticut-based Quantitative Systematic Strategies Limited Liability Company has invested 0.08% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Castleark Limited Liability stated it has 586,795 shares or 0.41% of all its holdings. Gradient Invs Limited Co stated it has 0% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Pnc Services Gru invested in 29,231 shares or 0% of the stock. Alliancebernstein Lp invested in 1.49 million shares or 0.02% of the stock. Howe And Rusling reported 0% stake. Encompass Cap Advsr Lc holds 320,000 shares. Moreover, Retirement System Of Alabama has 0.09% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Guernsey-based Bluecrest Cap Mngmt Ltd has invested 0.13% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Moreover, Ranger Invest Mgmt Limited Partnership has 0% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 2,600 shares.

Since March 13, 2018, it had 0 buys, and 1 sale for $194,600 activity.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Institutional Positions Chart

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