Investors purchased shares of Visa Inc. (NYSE:V) on weakness during trading hours on Tuesday. $156.54 million flowed into the stock on the tick-up and $115.99 million flowed out of the stock on the tick-down, for a money net flow of $40.55 million into the stock. Of all equities tracked, Visa had the 9th highest net in-flow for the day. Visa traded down ($0.45) for the day and closed at $78.49

A number of equities research analysts have issued reports on V shares. Evercore ISI raised their price target on shares of Visa from $84.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, April 4th. Zacks Investment Research lowered shares of Visa from a “hold” rating to a “sell” rating in a report on Wednesday, March 30th. Vetr lowered shares of Visa from a “buy” rating to a “hold” rating and set a $78.06 price target on the stock. in a report on Tuesday, March 29th. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Visa in a report on Tuesday, May 31st. Finally, Cowen and Company raised their price target on shares of Visa from $83.00 to $87.00 and gave the stock an “outperform” rating in a report on Friday, April 22nd. Four analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $87.76.

The stock’s 50 day moving average is $77.50 and its 200 day moving average is $75.79. The firm has a market capitalization of $187.22 billion and a P/E ratio of 33.69.

Visa (NYSE:V) last issued its earnings results on Thursday, July 21st. The credit-card processor reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.03. The business had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.67 billion. Equities research analysts predict that Visa Inc. will post $2.79 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Friday, August 19th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.71%. The ex-dividend date is Wednesday, August 17th.

Other hedge funds have recently added to or reduced their stakes in the company. MUFG Americas boosted its stake in Visa by 1.8% in the third quarter. MUFG Americas now owns 47,677 shares of the credit-card processor’s stock worth $3,321,000 after buying an additional 824 shares in the last quarter. Ardevora Asset Management LLP boosted its stake in Visa by 138.1% in the fourth quarter. Ardevora Asset Management LLP now owns 211,900 shares of the credit-card processor’s stock worth $16,433,000 after buying an additional 122,900 shares in the last quarter. Conning Inc. boosted its stake in Visa by 9.5% in the fourth quarter. Conning Inc. now owns 54,336 shares of the credit-card processor’s stock worth $4,214,000 after buying an additional 4,696 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Visa by 46.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 453,260 shares of the credit-card processor’s stock worth $35,151,000 after buying an additional 143,170 shares in the last quarter. Finally, Wesbanco Bank Inc. boosted its stake in Visa by 5.7% in the fourth quarter. Wesbanco Bank Inc. now owns 16,530 shares of the credit-card processor’s stock worth $1,282,000 after buying an additional 896 shares in 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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