As expected, Visa Inc. (NYSE:V) reported another great quarter with beats on both the top and bottom lines. EPS and revenue estimates were beaten by $0.05 and $200 million, respectively. Since its earnings release, Visa has set new to all-time highs, currently sitting at ~$100 per share. The Visa Europe acquisition has been a tailwind for the company, translating into phenomenal transaction and volume growth. However, this was expected and beginning with the initial quarter Visa started reporting the fully integrated company these numbers have been fantastic. Visa has been posting great growth across all segments of its enterprise further accentuated by the Visa Europe acquisition. Meanwhile, the company continues to grow its dividends and engage in consistent share repurchases. It’s noteworthy to point out that Visa has been buying back its own stock at near all-time highs as of recent. Visa has continued to be a best in-class large-cap growth stock, however, does this translate into a compelling investment opportunity for a great long-term position? I always felt that Visa was a great long-term holding that offered growth and stability independent of banks and/or interest rates. The fully integrated Visa enterprise in conjunction with major client wins will likely enable sustained and durable growth now and into the future, however, I feel that Visa is overvalued based on the first nine months of revenue from FY2017 and a pullback may be coming. Continue reading "Visa: The Disconnect Between Perceived Growth And Valuation?"