Published on 21 Jan 2022 on Insider Monkey via Yahoo Finance

Is Visa (V) a Great Long-Term Buy?

Wedgewood Partners, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be downloaded here. For calendar 2021, a portfolio net return of +32.1% was recorded by the fund, outperforming the S&P 500 Index that delivered a +28.7% return for the same period, and the +27.6% gain of the Russell 1000 Growth Index. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Wedgewood Partners, in its Q4 2021 investor letter, mentioned Visa Inc. (NYSE: V) and discussed its stance on the firm. Visa Inc. is a San Francisco, California-based financial services company with a $466.6 billion market capitalization. Visa delivered a -0.94% return since the beginning of the year, while its 12-month returns are up by 4.21%. The stock closed at $214.68 per share on January 19, 2022.

Here is what Wedgewood Partners has to say about Visa Inc. in its Q4 2021 investor letter: