Traders purchased shares of Visa Inc. (NYSE:V) on weakness during trading hours on Wednesday. $106.14 million flowed into the stock on the tick-up and $65.17 million flowed out of the stock on the tick-down, for a money net flow of $40.97 million into the stock. Of all companies tracked, Visa had the 7th highest net in-flow for the day. Visa traded down ($0.38) for the day and closed at $79.68

Several equities analysts recently weighed in on the company. Piper Jaffray Cos. restated a “buy” rating and issued a $92.00 price target (up previously from $87.00) on shares of Visa in a research note on Saturday, April 23rd. Robert W. Baird restated a “buy” rating on shares of Visa in a research note on Sunday, April 17th. Pacific Crest restated a “buy” rating on shares of Visa in a research note on Friday, July 22nd. SunTrust Banks Inc. restated a “buy” rating and issued a $100.00 price target (up previously from $85.00) on shares of Visa in a research note on Wednesday, April 20th. Finally, Oppenheimer Holdings Inc. restated a “buy” rating on shares of Visa in a research note on Tuesday, April 19th. Four analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $87.87.

The firm has a market capitalization of $188.04 billion and a price-to-earnings ratio of 33.86. The firm has a 50 day moving average of $77.55 and a 200 day moving average of $76.26.

Visa (NYSE:V) last issued its earnings results on Thursday, July 21st. The credit-card processor reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.03. The business earned $3.63 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Analysts expect 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. Stockholders of record on Friday, August 19th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Wednesday, August 17th.

Several institutional investors have modified their holdings of V. Usca Ria LLC increased its position in shares of Visa by 16.3% in the fourth quarter. Usca Ria LLC now owns 36,319 shares of the credit-card processor’s stock worth $2,817,000 after buying an additional 5,101 shares in the last quarter. State of Wisconsin Investment Board increased its stake in Visa by 2.9% in the fourth quarter. State of Wisconsin Investment Board now owns 2,298,522 shares of the credit-card processor’s stock valued at $178,250,000 after buying an additional 64,060 shares during the period. Fagan Associates Inc. increased its stake in Visa by 9.5% in the fourth quarter. Fagan Associates Inc. now owns 66,781 shares of the credit-card processor’s stock valued at $5,179,000 after buying an additional 5,791 shares during the period. Brown Advisory Securities LLC increased its stake in Visa by 5.5% in the fourth quarter. Brown Advisory Securities LLC now owns 54,978 shares of the credit-card processor’s stock valued at $4,271,000 after buying an additional 2,886 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in Visa by 54.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,904,928 shares of the credit-card processor’s stock valued at $147,728,000 after buying an additional 673,004 shares during the period.

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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