Latest news with #VisaInc
National Post
13 hours ago
- Business
- National Post
Visa Appoints Andrew Torre as President of Value-Added Services
Article content Article content SAN FRANCISCO — Visa (NYSE:V) announced today that it has appointed Andrew Torre, a 20-year Visa veteran, as President of Value-Added Services (VAS). Mr. Torre will replace Antony Cahill who was recently named Regional President and Chief Executive Officer for Visa's European operations, subject to regulatory approval. Mr. Torre will report to Visa Chief Executive Officer Ryan McInerney and join the Company's global leadership team. He will be based in San Francisco and take on this role effective immediately. Article content In his new role, Mr. Torre will be responsible for designing, developing and delivering Visa's VAS portfolio of products and solutions. Visa's VAS business has rapidly grown into a $9B global business that has delivered annualized revenue growth of 20% since 2021. Article content Since 2018, Mr. Torre has served as Visa's Regional President for Central Eastern Europe, Middle East and Africa (CEMEA). During this time, he has overseen significant revenue growth, strengthened engagements with clients and partners, and expanded Visa's regional presence to 23 offices, serving more than 1,800 clients in 86 markets. Article content Mr. Torre originally joined Visa in 2002 in San Francisco where he held global roles in product, strategy and pricing. He became Visa's Group Country Manager in Russia in 2013 and later served as Group Country Manager for Sub-Saharan Africa before assuming his role leading CEMEA. Earlier in his career, Mr. Torre spent 12 years in the banking industry. Article content 'Andrew's experience leading Visa's fastest-growing region, his client-first approach, and his deep commercial expertise make him the standout choice to build on Antony's success and continue our strong Value-Added Services momentum,' said Mr. McInerney. 'We are in an optimal position to scale a high-growth and attractive margin VAS business rapidly, and we could not be more confident in Andrew's ability to make the most of this extraordinary opportunity.' Article content An internal search for Mr. Torre's replacement has begun, and the Company expects to name his successor shortly. Article content Article content Article content Article content Article content Article content
Yahoo
6 days ago
- Business
- Yahoo
Jefferies Raises Visa (V) Price Target, Maintains Buy Rating
In a research note on May 27, Jefferies increased its price target on Visa Inc. (NYSE: V) to $410 from $400, reiterating its Buy rating on the stock. The move follows stronger quarter-to-date trends and diminishing concerns over U.S. inbound travel, which had previously been flagged as a potential headwind. In a note to investors, the firm said Visa and Mastercard both appear to be on solid footing, with little near-term controversy or debate surrounding their fundamentals. This confidence stems from improved transaction trends and steady cross-border volumes, signaling resilience in the payments sector. However, Jefferies also pointed out that much of the recent optimism may already be reflected in both companies' strong year-to-date stock performance and elevated valuations. As a result, while the underlying business trends remain healthy, the firm acknowledged that the near-term upside for Visa shares may be less straightforward from here. Still, Jefferies views Visa Inc. (NYSE: V) as well-positioned in the long term, supported by its global reach, robust payment infrastructure, and exposure to ongoing growth in digital commerce. With travel-related concerns easing and consumer spending holding up, Visa remains a core holding for investors looking to tap into the broader shift toward electronic payments. While we acknowledge the potential of V as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than V and that has 100x upside potential, check out our report about this . READ NEXT: 10 Unstoppable Dividend Stocks to Buy Now and 11 Oversold Global Stocks to Buy According to Hedge Funds Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Visa (V) Shows Promised to Deliver Mid-Teens Annualized Earnings Growth for Next Decade
Sands Capital, an investment management company, released its 'Sands Capital Technology Innovators Fund' Q1 2025 investor letter. A copy of the letter can be downloaded here. Technology Innovators focus on pioneering businesses worldwide that serve as key drivers or beneficiaries of significant long-term changes driven by technology. The fund returned -10.4% (net) in the first quarter compared to a 9.4% return for the benchmark, MSCI ACWI Info Tech and Communication Services Index. The choice of securities in the software sector was the primary factor negatively impacting relative performance. You can check the fund's top 5 holdings to know more about its best picks for 2025. In its first-quarter 2025 investor letter, Sands Capital Technology Innovators Fund highlighted stocks such as Visa Inc. (NYSE:V). Headquartered in San Francisco, California, Visa Inc. (NYSE:V) is a payment technology company. The one-month return of Visa Inc. (NYSE:V) was 3.99%, and its shares gained 33.64% of their value over the last 52 weeks. On May 27, 2025, the stock of Visa Inc. (NYSE:V) closed at $359.30 per share, with a market capitalization of $688.3 billion. Sands Capital Technology Innovators Fund stated the following regarding Visa Inc. (NYSE:V) in its Q1 2025 investor letter: "Visa Inc. (NYSE:V) operates the world's largest retail electronic-payment network by transaction volume. The business reported strong quarterly results in January, with earnings rising 14 percent, beating expectations, driven by lower incentives, higher cross border revenue, and a lower tax rate. At its investor day, our confidence was reinforced in the company's potential to sustain mid-teens annualized earnings growth for at least the next decade, supported by expansion into commercial payments, money management, and value-added services. We also see capital structure optimization as a lever to extend growth, as the business has room to prudently expand leverage to enable additional buybacks and acquisitions." A close-up of a credit card being swiped on a payment terminal, reflecting the company's payments technology. Visa Inc. (NYSE:V) is in 6th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 165 hedge fund portfolios held Visa Inc. (NYSE:V) at the end of the first quarter, which was 181 in the previous quarter. In Q1 2025, Visa Inc. (NYSE:V) reported $9.5 billion in net revenue, up 10% year-over-year. While we acknowledge the potential of Visa Inc. (NYSE:V) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Visa Inc. (NYSE:V) and shared billionaire Mason Morfit's stock picks with highest upside potential. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
6 days ago
- Business
- Yahoo
Visa (V) Shows Promised to Deliver Mid-Teens Annualized Earnings Growth for Next Decade
Sands Capital, an investment management company, released its 'Sands Capital Technology Innovators Fund' Q1 2025 investor letter. A copy of the letter can be downloaded here. Technology Innovators focus on pioneering businesses worldwide that serve as key drivers or beneficiaries of significant long-term changes driven by technology. The fund returned -10.4% (net) in the first quarter compared to a 9.4% return for the benchmark, MSCI ACWI Info Tech and Communication Services Index. The choice of securities in the software sector was the primary factor negatively impacting relative performance. You can check the fund's top 5 holdings to know more about its best picks for 2025. In its first-quarter 2025 investor letter, Sands Capital Technology Innovators Fund highlighted stocks such as Visa Inc. (NYSE:V). Headquartered in San Francisco, California, Visa Inc. (NYSE:V) is a payment technology company. The one-month return of Visa Inc. (NYSE:V) was 3.99%, and its shares gained 33.64% of their value over the last 52 weeks. On May 27, 2025, the stock of Visa Inc. (NYSE:V) closed at $359.30 per share, with a market capitalization of $688.3 billion. Sands Capital Technology Innovators Fund stated the following regarding Visa Inc. (NYSE:V) in its Q1 2025 investor letter: "Visa Inc. (NYSE:V) operates the world's largest retail electronic-payment network by transaction volume. The business reported strong quarterly results in January, with earnings rising 14 percent, beating expectations, driven by lower incentives, higher cross border revenue, and a lower tax rate. At its investor day, our confidence was reinforced in the company's potential to sustain mid-teens annualized earnings growth for at least the next decade, supported by expansion into commercial payments, money management, and value-added services. We also see capital structure optimization as a lever to extend growth, as the business has room to prudently expand leverage to enable additional buybacks and acquisitions." A close-up of a credit card being swiped on a payment terminal, reflecting the company's payments technology. Visa Inc. (NYSE:V) is in 6th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 165 hedge fund portfolios held Visa Inc. (NYSE:V) at the end of the first quarter, which was 181 in the previous quarter. In Q1 2025, Visa Inc. (NYSE:V) reported $9.5 billion in net revenue, up 10% year-over-year. While we acknowledge the potential of Visa Inc. (NYSE:V) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Visa Inc. (NYSE:V) and shared billionaire Mason Morfit's stock picks with highest upside potential. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-05-2025
- Business
- Yahoo
Visa Launches New API Program to Simplify Payments Integration for Fintechs
On May 21, Visa Inc. (NYSE:V) announced a program that it claims will turbocharge the fintech landscape by enabling the integration of payments into apps. The initiative, known as the Visa Commercial Integrated Partners, will improve customer payment experiences by offering advanced application programming interfaces (APIs) that allow for the seamless integration of Visa products into business applications. The program enables financial institutions that use Visa's commercial platform to provide their clients with virtual payments and data solutions without requiring direct technical integrations with applications like ERP. The fleet and vehicle technology company Car IQ is among the first to sign up for the program. It will integrate its software with Visa's commercial platform, eliminating the need for time-consuming supplier onboarding procedures and development work by enabling in-app payments at fuel suppliers using virtual cards. Visa Commercial Integrated Partners also offers a standardized framework for contracting, data privacy, and technology integration across a diverse range of business partners, including local startups and multinational corporations. Darren Parslow, Global Head of Visa Commercial Solutions, describes the program as follows: "Visa Commercial Integrated Partners represents a significant step forward in our mission to empower financial technology providers and financial institutions with innovative digital payment solutions." While we acknowledge the potential of V to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than V and that has 100x upside potential, check out our report about the cheapest AI stock. Read More: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
