Visa Inc (NYSE:V) shares traded -0.53% lower at $276.96 on Wall Street last session.
V stock price is now -0.89% away from the 50-day moving average and 9.49% away from the 200-day moving average. The market capitalization of the company currently stands at $556.40B.
With the price target maintained at $307, Redburn Atlantic recently Downgraded its rating from Buy to Neutral for Visa Inc (NYSE: V). On January 18, 2024, Mizuho reiterated its ‘Neutral’ rating on the stock by increasing its target price from $243 to quote $265, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, MCINERNEY RYAN, Chief Executive Officer sold 8,200 shares of the company’s stock on Apr 01 ’24. The stock was sold for $2,298,952 at an average price of $280.36. Upon completion of the transaction, the Chief Executive Officer now directly owns 538 shares in the company, valued at $0.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01 ’24, Chief Executive Officer MCINERNEY RYAN sold 8,150 shares of the business’s stock. A total of $2,308,080 was realized by selling the stock at an average price of $283.20. This leaves the insider owning 538 shares of the company worth $0.15 million. A total of 21.50% of the company’s stock is owned by insiders.
During the past 12 months, Visa Inc has had a low of $216.14 and a high of $290.96. As of last week, the company has a debt-to-equity ratio of 0.52, a current ratio of 1.45, and a quick ratio of 1.45. According to the stock market information, the enterprise value for the company is $574.04B, which is based on a 32.38 price-to-earnings ratio, a 2.44 price-to-earnings-growth ratio, and a beta of 0.95. The fifty day moving average price for V is $279.57 and a two-hundred day moving average price translates $253.20 for the stock.
The latest earnings results from Visa Inc (NYSE: V) was released for Dec, 2023. According to the Credit Services Company, earnings per share came in at $2.41, beating analysts’ expectations of $2.34 by 0.07. This compares to $1.77 EPS in the same period last year. The net profit margin was 53.07% and return on equity was 46.18% for V. The company reported revenue of $8.63 billion for the quarter, compared to $7.94 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.8 percent. For the current quarter, analysts expect V to generate $8.62B in revenue.
Visa Inc(V) Company Profile
Visa Inc. operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services. The company also provides acceptance solutions, which include Cybersource that provides modular and value-added services for connecting merchants to payment processing; risk and identity solutions, such as Visa Advanced Authorization, Visa Secure, Visa Risk and Decision Manager, Visa Consumer Authentication Service, and payment-decisioning solutions for fraud prevention; and Visa Consulting and Analytics, a payment consulting advisory services. It provides its services under the Visa, Visa Electron, Interlink, V PAY, and PLUS brand names. The company serves merchants, financial institutions, and government entities. Visa Inc. was founded in 1958 and is headquartered in San Francisco, California.
