Visa Inc (NYSE:V) had its price objective dropped by investment analysts at SunTrust from $90.00 to $85.00 in a report released on Friday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the credit-card processor’s stock. SunTrust’s price objective indicates a potential upside of 14.28% from the company’s previous close.

Visa (NYSE:V) traded down 0.98% on Friday, hitting $73.65. 3,871,203 shares of the stock traded hands. Visa has a 52 week low of $60.00 and a 52 week high of $81.01. The stock has a 50 day moving average of $75.02 and a 200 day moving average of $74.69. The firm has a market capitalization of $176.81 billion and a PE ratio of 26.50.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 28th. The credit-card processor reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.01. The firm had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same quarter last year, the company earned $2.53 earnings per share. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities research analysts anticipate that Visa will post $2.82 earnings per share for the current year.

In other news, EVP William M. Sheedy sold 60,930 shares of the business’s 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

A number of other research firms have also recently commented on V. Credit Suisse reduced their price target on shares of Visa from $89.00 to $85.00 in a report on Friday. Stifel Nicolaus reduced their price target on shares of Visa from $89.00 to $86.00 in a report on Friday. Guggenheim started coverage on shares of Visa in a research note on Thursday, October 8th. They issued a “buy” rating and a $85.00 price objective on the stock. Deutsche Bank reaffirmed a “buy” rating and issued a $79.00 price objective (down from $91.00) on shares of Visa in a research note on Monday, October 19th. Finally, Nomura reaffirmed a “buy” rating and issued a $80.75 price objective on shares of Visa in a research note on Monday, October 26th. Five equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $84.20.

Other large investors have made changes to their positions in the company. BLS Capital Fondsmaeglerselskab A S acquired a new stake in shares of Visa during the fourth quarter worth $15,617,000. Ownership Capital B.V. raised its stake in shares of Visa by 22.1% in the fourth quarter. Ownership Capital B.V. now owns 539,108 shares of the credit-card processor’s stock worth $41,808,000 after buying an additional 97,745 shares during the last quarter. Westport Resources Management Inc. raised its stake in shares of Visa by 4.2% in the fourth quarter. Westport Resources Management Inc. now owns 53,821 shares of the credit-card processor’s stock worth $4,174,000 after buying an additional 2,162 shares during the last quarter. Savant Capital LLC raised its stake in shares of Visa by 12.7% in the fourth quarter. Savant Capital LLC now owns 7,084 shares of the credit-card processor’s stock worth $549,000 after buying an additional 799 shares during the last quarter. Finally, Huntington National Bank raised its stake in shares of Visa by 19.7% in the fourth quarter. Huntington National Bank now owns 248,471 shares of the credit-card processor’s stock worth $19,269,000 after buying an additional 40,866 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. 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.

12 Month Chart for NYSE:V

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