Visa Inc (NYSE:V) had its target price lowered by RBC Capital from $91.00 to $87.00 in a research report report published on Saturday, StockTargetPrices.com reports. The firm currently has an outperform rating on the credit-card processor’s stock.

Several other equities research analysts have also issued reports on V. Deutsche Bank reissued a buy rating and issued a $87.00 price target (down previously from $91.00) on shares of Visa in a report on Friday. Vetr raised shares of Visa from a buy rating to a strong-buy rating and set a $85.99 price target on the stock in a report on Monday, December 21st. Susquehanna reissued a positive rating and issued a $87.00 price target (up previously from $85.00) on shares of Visa in a report on Tuesday, November 3rd. Pacific Crest boosted their price target on shares of Visa from $76.00 to $80.00 and gave the company an overweight rating in a report on Tuesday, November 3rd. Finally, Oppenheimer boosted their price target on shares of Visa from $81.00 to $85.00 and gave the company an outperform rating in a report on Monday, October 19th. Five equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $83.99.

In related news, EVP William M. Sheedy sold 60,930 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 235,528 shares of the company’s stock, valued at $18,717,410.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Several institutional investors have recently added to or reduced their stakes in V. 1ST Source Bank boosted its position in Visa by 9.0% in the fourth quarter. 1ST Source Bank now owns 4,600 shares of the credit-card processor’s stock valued at $357,000 after buying an additional 378 shares in the last quarter. Sprott Inc. purchased a new position in Visa during the fourth quarter valued at $551,000. Tocqueville Asset Management L.P. boosted its position in Visa by 0.8% in the fourth quarter. Tocqueville Asset Management L.P. now owns 344,017 shares of the credit-card processor’s stock valued at $26,679,000 after buying an additional 2,805 shares in the last quarter. Trust Co. of Vermont boosted its position in Visa by 20.7% in the fourth quarter. Trust Co. of Vermont now owns 4,083 shares of the credit-card processor’s stock valued at $317,000 after buying an additional 699 shares in the last quarter. Finally, Highstreet Asset Management Inc. purchased a new position in Visa during the fourth quarter valued at $1,636,000.

Visa (NYSE:V) opened at 74.49 on Friday. The company has a 50-day moving average of $75.08 and a 200-day moving average of $74.59. Visa has a 12 month low of $60.00 and a 12 month high of $81.01. The company has a market cap of $181.04 billion and a price-to-earnings ratio of 28.72.

Visa (NYSE:V) last released its earnings results on Thursday, January 28th. The credit-card processor reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.01. The company had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.63 billion. Visa’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.53 earnings per share. Analysts predict that Visa will post $2.87 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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