Visa Inc (NYSE:V) had its price target reduced by Sandler O’Neill from $76.00 to $75.00 in a note issued to investors on Friday, StockTargetPrices.com reports. The firm presently has a “hold” rating on the credit-card processor’s stock. Sandler O’Neill’s price target indicates a potential upside of 8.18% from the stock’s current price.

In related news, EVP William M. Sheedy sold 60,930 shares of Visa stock in a transaction that occurred on Wednesday, December 16th. The shares were sold at an average price of $79.47, for a total value of $4,842,107.10. Following the completion of the sale, the executive vice president now directly owns 235,528 shares in the company, valued at approximately $18,717,410.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Other analysts have also recently issued reports about the stock. Credit Suisse reduced their target price on shares of Visa from $89.00 to $85.00 in a report on Friday. BMO Capital Markets upped their target price on shares of Visa to $84.00 and gave the company an “outperform” rating in a report on Friday. Pacific Crest upped their target price on shares of Visa from $76.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, November 3rd. Deutsche Bank reaffirmed a “buy” rating and set a $91.00 target price (up from $87.00) on shares of Visa in a report on Friday. Finally, Susquehanna reaffirmed a “positive” rating and set a $87.00 target price (up from $85.00) on shares of Visa in a report on Tuesday, November 3rd. Five research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $84.11.

A number of hedge funds have made changes to their positions in the stock. Oregon Public Employees Retirement Fund boosted its stake in shares of Visa by 38.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 453,618 shares of the credit-card processor’s stock valued at $35,178,000 after buying an additional 127,100 shares during the last quarter. YHB Investment Advisors Inc. boosted its stake in shares of Visa by 12.0% in the fourth quarter. YHB Investment Advisors Inc. now owns 82,085 shares of the credit-card processor’s stock valued at $6,366,000 after buying an additional 8,810 shares during the last quarter. WealthTrust Fairport LLC boosted its stake in shares of Visa by 0.8% in the fourth quarter. WealthTrust Fairport LLC now owns 18,068 shares of the credit-card processor’s stock valued at $1,401,000 after buying an additional 144 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Visa by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 3,627,445 shares of the credit-card processor’s stock valued at $281,308,000 after buying an additional 57,852 shares during the last quarter. Finally, Dorsey Wright & Associates boosted its stake in shares of Visa by 15.6% in the fourth quarter. Dorsey Wright & Associates now owns 9,155 shares of the credit-card processor’s stock valued at $710,000 after buying an additional 1,234 shares during the last quarter.

Shares of Visa (NYSE:V) traded up 5.35% during trading on Friday, reaching $73.04. 11,546,879 shares of the company’s stock traded hands. The company has a market cap of $177.52 billion and a price-to-earnings ratio of 28.16. The company’s 50-day moving average is $75.19 and its 200 day moving average is $74.56. Visa has a 52-week low of $60.00 and a 52-week high of $81.01.

Visa (NYSE:V) last posted its earnings results on Thursday, January 28th. The credit-card processor reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. During the same period last year, the firm posted $2.53 EPS. The company earned $3.57 billion during the quarter, compared to the consensus estimate of $3.63 billion. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities analysts forecast that Visa will post $2.86 EPS for the current year.

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. The Company offers fraud protection for account holders and rapid payment for merchants. The Company provides a variety of payment solutions that support payment products that issuers can offer to their account holders, such as pay now with debit, pay ahead with prepaid or pay later with credit products. The Company offers a suite of digital, eCommerce and mobile products and services.

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