Visa (V) Outperformed and Revenue Grew 19% in Q4

Investment management company Vulcan Value Partners recently released its fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. The firm has five strategies, and all trailed their benchmark indexes in 2022. In the fourth quarter, the fund’s Large-Cap Composite returned 8.2% net of fees and expenses, the Small Cap Composite returned 11.2% net, Focus Composite returned 7.6% net, the Focus Plus composite returned 7.7%, and All Cap Composite returned 7.2% net. You can check the top 5 holdings of the fund to know its best picks in 2022.

Vulcan Value Partners highlighted stocks like Visa Inc. (NYSE:V) in the fourth quarter investor letter. Headquartered in San Francisco, California, Visa Inc. (NYSE:V) is a payments technology company. On February 9, 2023, Visa Inc. (NYSE:V) stock closed at $229.35 per share. One-month return of Visa Inc. (NYSE:V) was 2.56% and its shares gained 1.67% of their value over the last 52 weeks. Visa Inc. (NYSE:V) has a market capitalization of $482.046 billion.

Vulcan Value Partners made the following comment about Visa Inc. (NYSE:V) in its Q4 2022 investor letter:

“Mastercard and Visa Inc. (NYSE:V) both delivered strong top and bottom-line results during the quarter. MasterCard grew its revenues and operating profits approximately 23% and 27% respectively. Visa grew its revenues and operating profits approximately 19% and 19% respectively. Both companies also produced strong free cash flow.”

Visa Inc (NYSE:V), Visa Electron, Card, MasterCard, Cards, Credit, bank

JMiks / Shutterstock.com

Visa Inc. (NYSE:V) is in 5th position 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 third quarter, which was 166 in the previous quarter.

We discussed Visa Inc. (NYSE:V) in another article and shared Distillate Capital’s views on the company. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

Suggested Articles:

Disclosure: None. This article is originally published at Insider Monkey.