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Paul D. Fabara, Chief Risk and Client Services Officer at Visa Inc . (NYSE:V), recently executed a significant stock transaction. On March 19, Fabara sold 39,350 shares of Visa’s Class A common stock, fetching a total of approximately $13.4 million. The shares were sold at a weighted average price of $340.41 per share, with the actual sale prices ranging between $340.00 and $340.81 per share. The transaction comes as Visa, with its impressive $663.79 billion market capitalization, trades near its 52-week high of $366.54. According to InvestingPro analysis, the company currently trades at a premium valuation with a P/E ratio of 32.23.
This transaction was part of a pre-established Rule 10b5-1 trading plan, which allows insiders to set up a predetermined schedule for selling stocks. On the same day, Fabara also exercised stock options to acquire 39,350 shares at a price of $178.75 per share, representing a total value of about $7 million. Following these transactions, Fabara holds 26,413 shares directly. Visa maintains strong financial performance with revenue growth of 10.35% and an overall "GREAT" financial health rating from InvestingPro, which offers comprehensive analysis and 12 additional key insights about the company’s performance and valuation.
In other recent news, Visa Inc. has reported significant achievements in its anti-fraud efforts with the establishment of its Scam Disruption department, successfully preventing over $350 million in scam attempts in 2024. This initiative is part of Visa’s broader strategy to enhance security across its network, which blocked $40 billion in attempted fraud last year. Additionally, Visa’s Investor Day has prompted various analysts to update their outlooks on the company. TD Cowen raised Visa’s price target to $382, maintaining a Buy rating, citing confidence in the company’s financial model and strategic direction. BMO Capital Markets reiterated its Outperform rating with a $370 target, highlighting Visa’s growth prospects in digital payments and value-added services. UBS and Keefe, Bruyette & Woods both reaffirmed their Buy and Outperform ratings, respectively, each with a $400 price target, emphasizing Visa’s strategic initiatives and potential for sustained revenue growth. These developments reflect the company’s ongoing efforts to expand its market presence and adapt to the evolving payments landscape.
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