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Visa (V) Stock Price, News & Analysis

$266.21
-4.15 (-1.53%)
(As of 07/8/2024 ET)
Today's Range
$265.97
$271.43
50-Day Range
$262.30
$281.53
52-Week Range
$227.68
$290.96
Volume
8.56 million shs
Average Volume
9.14 million shs
Market Capitalization
$486.88 billion
P/E Ratio
29.74
Dividend Yield
0.78%
Price Target
$303.56

Visa MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
14.0% Upside
$303.56 Price Target
Short Interest
Healthy
1.82% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.61
Upright™ Environmental Score
News Sentiment
0.69mentions of Visa in the last 14 days
Based on 25 Articles This Week
Insider Trading
Selling Shares
$7.26 M Sold Last Quarter
Proj. Earnings Growth
11.47%
From $9.94 to $11.08 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.93 out of 5 stars

Business Services Sector

9th out of 294 stocks

Business Services, Not Elsewhere Classified Industry

7th out of 91 stocks

V stock logo

About Visa Stock (NYSE:V)

Visa Inc. is a US-based multinational financial services company formed from a consortium of US banks. It is the 2nd largest payment processor globally and the leading payment processor outside China. Its market share in 2021 was roughly 50% of global transaction volume x-China. Transactions are processed in 1 of 4 hardened data centers in key regions worldwide. The data centers are hardened against internal and external attacks, both physical and digital, and can operate independently of each, providing ample redundancy for the system. As of 2022, the company can process more than 30,000 transactions per second, making it the most viable solution for most use-case scenarios.

Visa Inc. was founded in 1958 by Bank of America as the BankAmericard Credit Card network. Not only is the card itself of historical importance, but how it was launched is also. Bank of America launched the program with the first mass mailing of unsolicited credit cards, changing the nature of the entire consumer credit market. At the time, consumers often had several credit accounts with local merchants, which was cumbersome for financial record-keeping; by introducing a consumer-friendly credit card, Bank of America unified merchant credit accounts into one billing statement.

The BankAmericard network was so popular, and to compete again with the then-number 1 MasterCard, Bank of America opened use to other financial institutions. By 1970 Bank of America had relinquished direct control of the institution allowing a consortium of financial institutions to operate the company. It was rebranded as Visa in 1976 and grew to become the dominant payment processing network in the decades since.

Visa Inc is not a card issuer; it does not extend credit to consumers and does not set rates or fees for consumers. It is in business to provide electronic funds transfers services or EFT to financial institutions, banks, government and businesses. Entities needing financial payment processing infrastructure can enroll in VisaNet and issue Visa-branded cards and services to their clients and customers.

Visa operated as four separate entities serving different regions of the globe until restructuring in 2006. The restructuring resulted in the merger of 3 of the four assets into Visa Inc, leaving Visa Europe as a stand-alone entity. The new Visa Inc held its IPO in 2007, selling half of its shares, raising nearly $18 billion or almost double the targeted amount. Visa Europe was later acquired by Visa Inc, forming the unified company traded today.

Visa employs more than 26,500 individuals globally and brought in roughly $15 billion in revenue for fiscal 2021. The company has more than 3.9 billion active cards out globally; it has processed more than 255 billion transactions and is used by more than 80 million merchant locations. As a forward-thinking company, Visa is also engaged to some degree with the cryptocurrency markets and has partnerships with Coinbase and Crypto.com, among others.

V Stock Price History

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Company Calendar

Last Earnings
4/23/2024
Ex-Dividend for 6/3 Dividend
5/16/2024
Dividend Payable
6/03/2024
Today
7/09/2024
Next Earnings (Confirmed)
7/23/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
Data Processing & Outsourced Services
CUSIP
92826C83
Fax
N/A
Employees
28,800
Year Founded
1958

Price Target and Rating

Average Stock Price Target
$303.56
High Stock Price Target
$330.00
Low Stock Price Target
$266.00
Potential Upside/Downside
+14.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
25 Analysts

Profitability

Net Income
$17.27 billion
Pretax Margin
65.43%

Debt

Sales & Book Value

Annual Sales
$32.65 billion
Cash Flow
$10.23 per share
Book Value
$20.03 per share

Miscellaneous

Outstanding Shares
1,828,940,000
Free Float
1,825,463,000
Market Cap
$486.88 billion
Optionable
Optionable
Beta
0.95

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Should I Buy Visa Stock? V Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Visa:

  • Visa's strong presence in the payment technology industry, operating VisaNet, a robust transaction processing network.
  • Continued innovation with services like tap to pay, tokenization, and click to pay, staying ahead in the digital payment space.
  • Visa Direct facilitating quick fund transfers to eligible cards, deposit accounts, and digital wallets, enhancing convenience for users.
  • Visa's diverse range of value-added services like fraud mitigation, data analytics, and contact center services, providing comprehensive solutions to clients.
  • Current stock price of $277.15, showing stability and potential for growth in the market.

Cons

Investors should be bearish about investing in Visa for these reasons:

  • Increasing competition in the payment technology sector, leading to potential pressure on Visa's market share and margins.
  • Regulatory challenges and changes in the financial services industry impacting Visa's operations and profitability.
  • Dependency on global economic conditions, with fluctuations affecting consumer spending patterns and transaction volumes.
  • Potential cybersecurity threats and data breaches posing risks to Visa's reputation and financial stability.
  • Insider selling activity, like Director Lloyd Carney and insider Paul D. Fabara selling significant amounts of shares, raising concerns among investors.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, July 7, 2024. Please send any questions or comments about these Visa pros and cons to contact@marketbeat.com.

V Stock Analysis - Frequently Asked Questions

How have V shares performed this year?

Visa's stock was trading at $260.35 at the beginning of 2024. Since then, V shares have increased by 2.3% and is now trading at $266.21.
View the best growth stocks for 2024 here
.

How were Visa's earnings last quarter?

Visa Inc. (NYSE:V) released its earnings results on Tuesday, April, 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.43 by $0.08. Visa's revenue was up 9.9% compared to the same quarter last year.
Read the conference call transcript
.

When did Visa's stock split?

Visa's stock split on Thursday, March 19th 2015. The 4-1 split was announced on Thursday, January 29th 2015. The newly created shares were payable to shareholders after the closing bell on Wednesday, March 18th 2015. An investor that had 100 shares of stock prior to the split would have 400 shares after the split.

Is Visa buying back stock?

Visa's board initiated a stock repurchase program on Tuesday, October 25th 2022, which allows the company to buy back $12,000,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

What is Alfred F. Kelly, Jr.'s approval rating as Visa's CEO?

738 employees have rated Visa Chief Executive Officer Alfred F. Kelly, Jr. on Glassdoor.com. Alfred F. Kelly, Jr. has an approval rating of 94% among the company's employees. This puts Alfred F. Kelly, Jr. in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are Visa's major shareholders?

Visa's top institutional investors include DNB Asset Management AS (0.11%), Douglas Lane & Associates LLC (0.02%), Massmutual Trust Co. FSB ADV (0.01%) and Neville Rodie & Shaw Inc. (0.01%). Insiders that own company stock include Rajat Taneja, Alfred F Kelly Jr, Vasant M Prabhu, Tullier Kelly Mahon, Paul D Fabara, Peter M Andreski, Julie B Rottenberg, Lloyd Carney, Ryan Mcinerney, James H Hoffmeister and Robert W Matschullat.
View institutional ownership trends
.

How do I buy shares of Visa?

Shares of V stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Visa own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Visa investors own include Mastercard (MA), NVIDIA (NVDA), Walt Disney (DIS), Alibaba Group (BABA), Netflix (NFLX), Johnson & Johnson (JNJ) and PayPal (PYPL).

This page (NYSE:V) was last updated on 7/9/2024 by MarketBeat.com Staff

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