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Is This Buffett-Backed Fintech Stock a Buy?


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Since Warren Buffett took over as the chairman and chief executive officer of Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) in 1965, he has transformed it from an obscure textile company into a giant of the corporate world. 

Berkshire Hathaway’s $692 billion market capitalization makes it the seventh-largest publicly traded company in the world. Buffett’s knack for picking high-quality stocks is what makes it worth considering whether some of his holdings could fit into your portfolio.

Visa (NYSE:V), the world’s most dominant payments processing company, is the 19th largest position in Berkshire Hathaway’s portfolio, with a current value of $1.8 billion. But should you make it part of your portfolio? Let’s look at the fintech stock’s fundamentals and valuation to answer this question.

Image source: Getty Images.

Visa is a well-oiled machine

When Visa released its fiscal first-quarter earnings on Jan. 27, the report showed that the company exceeded analysts’ estimates for revenue and non-GAAP (adjusted) diluted earnings per share (EPS)….

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