Investors purchased shares of Visa Inc. (NYSE:V) on weakness during trading hours on Thursday. $177.93 million flowed into the stock on the tick-up and $109.78 million flowed out of the stock on the tick-down, for a money net flow of $68.15 million into the stock. Of all equities tracked, Visa had the 6th highest net in-flow for the day. Visa traded down ($0.57) for the day and closed at $78.79

Several equities research analysts have recently weighed in on V shares. Jefferies Group upped their target price on shares of Visa from $238.00 to $268.00 and gave the stock a “buy” rating in a report on Monday, March 28th. Vetr lowered shares of Visa from a “buy” rating to a “hold” rating and set a $78.06 target price on the stock. in a report on Tuesday, March 29th. Zacks Investment Research lowered shares of Visa from a “hold” rating to a “sell” rating in a report on Wednesday, March 30th. Morgan Stanley reaffirmed a “buy” rating and issued a $98.00 target price on shares of Visa in a report on Thursday, March 31st. Finally, Sanford C. Bernstein reaffirmed a “buy” rating and issued a $90.00 target price on shares of Visa in a report on Saturday, April 2nd. Six analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. Visa presently has an average rating of “Buy” and an average price target of $86.76.

The firm has a 50 day moving average price of $77.59 and a 200-day moving average price of $75.71. The stock has a market capitalization of $190.61 billion and a P/E ratio of 27.85.

Visa (NYSE:V) last issued its earnings results on Thursday, July 21st. The credit-card processor reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.67 billion. On average, analysts forecast that Visa Inc. will post $2.81 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Friday, August 19th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Wednesday, August 17th.

Other institutional investors have recently modified their holdings of the company. KBC Group NV raised its position in shares of Visa by 2.8% in the fourth quarter. KBC Group NV now owns 473,821 shares of the credit-card processor’s stock worth $36,745,000 after buying an additional 13,033 shares during the last quarter. State of Tennessee Treasury Department raised its stake in Visa by 0.4% in the fourth quarter. State of Tennessee Treasury Department now owns 1,339,002 shares of the credit-card processor’s stock worth $103,840,000 after buying an additional 4,866 shares during the last quarter. Genesee Valley Trust Co. raised its stake in Visa by 2.0% in the fourth quarter. Genesee Valley Trust Co. now owns 34,629 shares of the credit-card processor’s stock worth $2,685,000 after buying an additional 693 shares during the last quarter. Gluskin Sheff & Assoc Inc. raised its stake in Visa by 938.1% in the fourth quarter. Gluskin Sheff & Assoc Inc. now owns 335,511 shares of the credit-card processor’s stock worth $26,019,000 after buying an additional 303,190 shares during the last quarter. Finally, Edgewood Management LLC raised its stake in Visa by 5.8% in the fourth quarter. Edgewood Management LLC now owns 10,950,127 shares of the credit-card processor’s stock worth $849,182,000 after buying an additional 595,793 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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