Traders sold shares of Visa Inc. (NYSE:V) on strength during trading hours on Friday. $72.10 million flowed into the stock on the tick-up and $198.21 million flowed out of the stock on the tick-down, for a money net flow of $126.11 million out of the stock. Of all equities tracked, Visa had the 0th highest net out-flow for the day. Visa traded up $0.16 for the day and closed at $78.30

V has been the subject of a number of recent analyst reports. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Visa in a research report on Saturday, April 2nd. Robert W. Baird reaffirmed a “buy” rating on shares of Visa in a research report on Sunday, April 17th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $97.00 price objective (up from $86.00) on shares of Visa in a research report on Friday, April 22nd. Vetr raised Visa from a “buy” rating to a “strong-buy” rating and set a $85.82 price objective for the company in a research report on Wednesday, June 22nd. Finally, Morgan Stanley reaffirmed a “buy” rating and issued a $98.00 price objective on shares of Visa in a research report on Thursday, March 31st. Seven research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $86.89.

The stock has a market capitalization of $186.77 billion and a PE ratio of 27.29. The stock has a 50 day moving average of $77.60 and a 200-day moving average of $75.65.

Visa (NYSE:V) last issued its earnings results on Thursday, April 21st. The credit-card processor reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.01. During the same quarter in the prior year, the business posted $0.63 EPS. The firm earned $3.60 billion during the quarter, compared to the consensus estimate of $3.60 billion. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities research analysts expect that Visa Inc. will post $2.79 earnings per share for the current year.

A number of hedge funds have made changes to their positions in V. Birinyi Associates Inc. raised its stake in shares of Visa by 2.0% in the fourth quarter. Birinyi Associates Inc. now owns 13,150 shares of the credit-card processor’s stock worth $1,020,000 after buying an additional 262 shares during the last quarter. P.A.W. Capital Corp acquired a new stake in shares of Visa during the fourth quarter worth approximately $1,163,000. Westbourne Investment Advisors Inc. raised its stake in shares of Visa by 114.3% in the fourth quarter. Westbourne Investment Advisors Inc. now owns 15,225 shares of the credit-card processor’s stock worth $1,181,000 after buying an additional 8,120 shares during the last quarter. Telos Capital Management Inc. raised its stake in shares of Visa by 8.2% in the fourth quarter. Telos Capital Management Inc. now owns 15,612 shares of the credit-card processor’s stock worth $1,211,000 after buying an additional 1,184 shares during the last quarter. Finally, Checchi Capital Advisers LLC raised its stake in shares of Visa by 28.9% in the fourth quarter. Checchi Capital Advisers LLC now owns 16,442 shares of the credit-card processor’s stock worth $1,275,000 after buying an additional 3,682 shares during the last quarter.

Visa Inc is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments.

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